TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Sagittarius Capital Corporation (NEX:SCX.H) ("Sagittarius" or the "Company"), a capital pool company, announces that the Letter of Intent ("LOI") with AMR Mineral Metal Inc. as its Qualifying Transaction ("QT"), as announced in Company's news release dated June 28, 2013, is not proceeding. The Corporation is currently seeking alternative QT targets.

Forward-Looking Statements

This press release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and each of Sagittarius and Alpaca disclaim any intention or obligation to update or revise such information, except as required by applicable law.

Contact Information:

Sagittarius Capital Corporation
Brian L. Presement
(416) 760 2888