Whiteknight Acquisitions III Inc. Announces Resignation of Director

TORONTO, ONTARIO--(Marketwired - May 25, 2015) - Whiteknight Acquisitions III Inc. (the "Company" or "Whiteknight") (TSX VENTURE:WKA.P), a Capital Pool Company, announces the resignation of Peter Beck as a director of the Company. Whiteknight sincerely thanks Mr. Beck for his contributions to the Company and wishes him every success in his future endeavours.

Mr. Beck had also sat on Whiteknight's audit committee. Josh Arbuckle has resigned as corporate Secretary of the Company and Keith Harris, a director and the Chief Financial Officer, will now take on the office of Secretary. Mr. Arbuckle, who is remaining as a director, will be appointed a member of the audit committee to replace Mr. Beck. The audit committee now consists of Harold Wolkin (chair), Mr. Harris and Mr. Arbuckle.

The board and management of Whiteknight continue to actively seek the appropriate transaction that will constitute the Company's Qualifying Transaction (as that term is defined in the policies of the TSX Venture Exchange).

Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.