LGC Capital Ltd. announces $1,555,000.00 private placement to advance the company’s medical cannabis initiatives

MONTREAL, Aug. 18, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that it has received conditional approval from the TSX Venture Exchange for a private placement of a maximum of 30,000,000 units at a price of $0.10 per unit, for maximum gross proceeds to LGC of $3.0 million. To date, LGC has received signed subscription agreements and subscription funds for an aggregate amount of $1,555,000, which represents 15,550,000 units. Of that amount, senior management is contributing $300,000. LGC expects that a first closing of the private placement will take place on or about August 24, 2017.

John McMullen, LGC’s CEO, comments: “LGC will use the net proceeds from this private placement to advance the Company’s new initiatives in the global medical cannabis sector and for general working capital purposes. In particular, some of the capital raised will be used to assist with the funding of our new joint venture with AfriAg (Pty) Ltd and our recent investment in the House of Hemp (Pty) Ltd in South Africa. Funding will also be channeled towards seeking new medical cannabis investment opportunities elsewhere in southern Africa and in the Asia Pacific Region.”

Each of the units will be comprised of one common share and one common share purchase warrant; each warrant will entitle its holder to acquire one additional LGC common share at a price of $0.15 for a period of one year from the closing date. In the event that the closing price of LGC’s common shares on the TSX Venture Exchange is at least $0.20 for a period of not less than 20 consecutive trading days, the warrants will expire, at the sole discretion of LGC, on the 30th day after the date on which LGC sends a notice in prescribed form to the holders of the warrants.

The units are being offered to “accredited investors” in some or all of the provinces of Canada and in other jurisdictions, if any, determined by LGC.

At the closing of the private placement, LGC will pay cash commissions to various securities dealers in an amount equal to 8% of the proceeds from the sale of units sold through such dealers. In addition, LGC will issue “broker warrants” to such dealers in an amount equal to 8% of the number of units sold through them. Each of the broker warrants will entitle the holder to purchase one additional LGC common share at a price of $0.10 for a period of six months from the closing date of the private placement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

About LGC (http://www.lgc-capital.com)
LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital has now entered into the agricultural space and the medical cannabis sector in southern Africa through its new joint venture with AfriAg and is seeking new investments opportunities in this sector.


For further information please contact:

Canada contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

London contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LGC Capital Offers Global Medical Cannabis Industry Year Round Low-Cost Contract Growing And Manufacturing Services From Its High Security And Bonded State-Of-The-Art 40,000 m2 Facilities At Durban’s International Airport In South Africa

MONTREAL and DURBAN, South Africa, Aug. 15, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) announces that it will now be offering contract medical cannabis growing and processing services to any licenced jurisdiction that can offer medical cannabis.

LGC and its JV Partner AfriAg are fully licenced to grow and transport medical cannabis from South Africa.

The partnership will target international markets looking to save on capital and operating costs and increasing their year round production capacity by growing, refinining and exporting their products from the 40,000 metre2 growing facility at the Dube TradePort Agrizone complex, which is located within the secure and bonded airport precinct of Durban’s King Shaka International Airport in South Africa. The fact the facility is bonded opens up the partnership’s ability to export to the international cannabis marketplace.

LGC and AfriAg (Pty) Ltd can offer year round contract growing and manufacturing services from its current facilities, which feature a purpose built 40,000 m2 temperature-regulated and humidity-controlled greenhouse (all of which is under glass), with refrigerated pack houses, laboratories and offices. This complex is regarded as the most eco-friendly and high-tech agricultural facility in Africa.

“Apart from LGC now looking at new licensed medical cannabis investment opportunities in the Asia-Pacific Region, we are working hard towards significantly expanding our medical cannabis footprint further into the southern African region.” said John McMullen, LGC Capital’s CEO. “At LGC we are excited for this unique opportunity in South Africa as LGC and its partners already have a pre-built glasshouse and greenhouse infrastructure, abundant clean water supply, some of the best heat growing units globally for agriculture, a very competitive labour market and some of the lowest electricity unit costs in the world. LGC and AfriAg can today provide licensed cannabis growers anywhere in the world (in particular the northern hemisphere where costs are high due to severe winter climatic conditions) with a low cost, fully custom, bonded growing and manufacturing platform designed to reduce their capital expenditure, operating costs and increase their speed to not only their domestic licensed markets but to a more global market place through fully bonded and secure facilities.”

LGC, and its JV Partner in the global medical cannabis sector, AfriAg (Pty) Ltd, recently announced on 18 July 2017 that it had signed agreements to acquire a 60% beneficial interest in the House of Hemp (Pty) Ltd, which is South Africa’s one-stop authority on all things hemp and cannabis.

Based in Block “D” of the Dube TradePort’s Agrizone Complex at Durban’s King Shaka International Airport, the facilities feature 40,000 m2 of secure, temperature-regulated and humidity-controlled greenhouse under glass, with refrigerated pack houses, laboratories and offices. This complex is the only licensed indoor growing facility in South Africa and Dube’s AgriZone is regarded as the most eco-friendly and high-tech agricultural facility in Africa and is where House of Hemp is planning to ramp up Research & Development of high-CBD medicinal grade cannabis.

About House of Hemp:

House of Hemp is now a member of the National Hemp Foundation (NHF) and has served as the convener of the NHF’s Human Resource Development Group (in the first phase). House of Hemp is currently the coordinator of the NHF’s Private Sector Working Group.

Licensed in 2010, House of Hemp became the first private company to be awarded an exclusive permit from the Departments of Agriculture and Health to legally cultivate and process hemp in South Africa. Because House of Hemp wanted to reliably expand into the budding industrial market, the company sought an exclusive permit from the Departments of Agriculture and Health to not only import hemp, but also to legally cultivate and process it in South Africa. In 2010, the House of Hemp became the first private company to be awarded such a permit.

As well as supplying hemp fibres and oils, the House of Hemp conducts research and supplies by-products like tow, biomass, dust and seedcake. These have enormous promise, as sustainable replacement materials for a variety of industries globally.

In 2015, House of Hemp partnered with the South African Department of Agriculture & Health. Other key Partnerships established in the same year include the University of the Free State, the Council of Scientific and Industrial Research (CSIR), the Agricultural Research Institute (ARC); the National Agriculture Marketing Council (NAMC); it is owing to these key partnerships that House of Hemp was able to begin conducting research into medical cannabis.

About LGC Capital

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.


For further information:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: john@lgc-capital.com

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC, the Joint Venture with AfriAg and the investment in House of Hemp could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.
 
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LGC Capital Cannabis Partnership Makes Second Payment Under Agreements To Acquire 60% Interest In South Africa’s House Of Hemp

MONTREAL and DURBAN, South AfricaAug. 1, 2017  – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) is pleased to announce that the second payment has been made by the Company and its JV Partner, AfriAg (Pty) Ltd, to the House of Hemp (Pty) Ltd, under the agreement previously announced on July 18, 2017 to acquire a 60% beneficial interest in the House of Hemp.

The House of Hemp is South Africa’s one-stop authority on all things hemp and cannabis. Based in Block D of the Dube TradePort’s Agrizone Complex at Durban’s King Shaka International Airport, which features 40,000 m2 of secure, temperature-regulated and humidity-controlled greenhouse under glass, with refrigerated pack houses, laboratories and offices. This complex regarded as the most eco-friendly and high-tech agricultural facility in Africa and is where House of Hemp is planning to ramp up Research & Development of high-CBD medicinal grade cannabis.

Although medical cannabis is its newest and largest focus, House of Hemp started as an importer and reseller of hemp products, which remains a key element of its business: hempseed oil, hemp protein powder and de-hulled seeds.

House of Hemp is now a member of the National Hemp Foundation (NHF) and has served as the convener of the NHF’s Human Resource Development Group (in the first phase). House of Hemp is currently the coordinator of the NHF’s Private Sector Working Group.

Licensed in 2010, House of Hemp became the first private company to be awarded an exclusive permit from the Departments of Agriculture and Health to legally cultivate and process hemp in South Africa. Because House of Hemp wanted to reliably expand into the budding industrial market, the company sought an exclusive permit from the Departments of Agriculture and Health to not only import hemp, but also to legally cultivate and process it in South Africa. In 2010, the House of Hemp became the first private company to be awarded such a permit.

As well as supplying hemp fibres and oils, the House of Hemp conducts research and supplies by-products like tow, biomass, dust and seedcake. These have enormous promise, as sustainable replacement materials for a variety of industries globally.

In 2015, House of Hemp partnered with the South African Department of Agriculture & Health. Other key Partnerships established in the same year include the University of the Free State, the Council of Scientific and Industrial Research (CSIR), the Agricultural Research Institute (ARC); the National Agriculture Marketing Council (NAMC); it is owing to these key partnerships that House of Hemp was able to begin conducting research into medical cannabis.

About LGC Capital

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.


For further information:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: john@lgc-capital.com

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC, the Joint Venture with AfriAg and the investment in House of Hemp could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.
 
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LGC Capital Cannabis Partnership Makes First Payment Under Agreements To Acquire 60% Interest In South Africa’s House Of Hemp

MONTREAL and South AfricaJuly 20, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) is pleased to announce that the first payment has been made by the Company and its JV Partner, AfriAg (Pty) Ltd, to the House of Hemp (Pty) Ltd, under the agreement previously announced on July 18th2017 to acquire a 60% beneficial interest in the House of Hemp.

The House of Hemp is South Africa’s one-stop authority on all things hemp and cannabis.  Based in Block D of the Dube TradePort’s Agrizone Complex at Durban’sKing Shaka International Airport, which features 40,000 m2 of secure, temperature-regulated and humidity-controlled greenhouse under glass, with refrigerated pack houses, laboratories and offices. This complex regarded as the most eco-friendly and high-tech agricultural facility in Africa and is where House of Hemp is planning to ramp up Research & Development of high-CBD medicinal grade cannabis.

Although medical cannabis is its newest and largest focus, House of Hemp started as an importer and reseller of hemp products, which remains a key element of its business: hempseed oil, hemp protein powder and de-hulled seeds.

House of Hemp is now a member of the National Hemp Foundation (NHF) and has served as the convener of the NHF’s Human Resource Development Group (in the first phase). House of Hemp is currently the coordinator of the NHF’s Private Sector Working Group.

Licensed in 2010, House of Hemp became the first private company to be awarded an exclusive permit from the Departments of Agriculture and Health to legally cultivate and process hemp in South Africa. Because House of Hemp wanted to reliably expand into the budding industrial market, the company sought an exclusive permit from the Departments of Agriculture and Health to not only import hemp, but also to legally cultivate and process it in South Africa. In 2010, the House of Hemp became the first private company to be awarded such a permit.

As well as supplying hemp fibres and oils, the House of Hemp conducts research and supplies by-products like tow, biomass, dust and seedcake. These have enormous promise, as sustainable replacement materials for a variety of industries globally.

In 2015, House of Hemp partnered with the South African Department of Agriculture & Health. Other key Partnerships established in the same year include the University of the Free State, the Council of Scientific and Industrial Research (CSIR), the Agricultural Research Institute (ARC); the National Agriculture Marketing Council (NAMC); it is owing to these key partnerships that House of Hemp was able to begin conducting research into medical cannabis.

About LGC Capital

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.


For further information:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: john@lgc-capital.com

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

 

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC, the Joint Venture with AfriAg and the investment in House of Hemp could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LGC Capital / AfriAg Partner, South Africa’s House of Hemp, Launches New Website

MONTREAL and CAPE TOWN, South Africa, July 19, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) is pleased to announce that our South African JV Partner, House of Hemp, has launched a new and updated website. The website provides insight into the depth, experience and capabilities of House of Hemp and its founder, Dr. Thandeka Ruth Kunene.

http://houseofhemp.co.za/

According to the website, House of Hemp is South Africa’s one-stop authority on all things hemp and cannabis.  Based in Block D of the Dube Tradeport’s Agrizone Complex featuring 40,000 m2 of secure, temperature-regulated and humidity-controlled greenhouse under glass, with refrigerated pack houses, laboratories and offices. This complex is the most eco-friendly and high-tech facility in Africa where House of Hemp is ramping up R&D for high-CBD medicinal cannabis.Although medical cannabis is its newest and largest focus, House of Hemp started as an importer and reseller of hemp products, which remains a key element of its business: hempseed oil, hemp protein powder and de-hulled seeds.

Dr. Thandeka Ruth Kunene earned an engineering degree in South Africa before moving to London to get her MBA from Richmond University. She then returned to South Africa to become the first woman to earn a Ph.D. in Mathematics from the University of Cape Town.

For several years, Dr. Kunene worked for UNIDO and the Commonwealth Secretariat, served as a member of the Advisory Board at Global Hemp Group Inc. and was instrumental in creating two of the industry’s most important industry groups: The National Hemp Foundation and The Global Natural Fibre Forum. She was equally driven to promote entrepreneurship among black women along with alleviating poverty and environmental damage through the use of natural fibers. Her main focus was hemp because of its incredible versatility.

In 1998, she combined these two visions, founding House of Hemp in Johannesburg. House of Hemp is now a member of the National Hemp Foundation (NHF) and has served as the convener of the NHF’s Human Resource Development Group (in the first phase). House of Hemp is currently the coordinator of the NHF’s Private Sector Working Group.

Licensed in 2010, House of Hemp became the first private company to be awarded an exclusive permit from the Departments of Agriculture and Health to legally cultivate and process hemp in South Africa. Because House of Hemp wanted to reliably expand into the budding industrial market, the company sought an exclusive permit from the Departments of Agriculture and Health to not only import hemp, but also to legally cultivate and process it in South Africa. In 2010, House of Hemp became the first private company to be awarded such a permit.

As well as supplying hemp fibers and oils, House of Hemp conducts research and supplies by-products like tow, biomass, dust and seedcake. These have enormous promise as sustainable replacement materials in all kinds of industries globally.

In 2015, in partnership with the South African Departments of Agriculture and Health, the University of the Free State and the Council of Scientific and Industrial Research (CSIR), House of Hemp began conducting research into medical cannabis. The focus is on CBD strains, which are cultivated and processed at Dube Agrizone in our 40,000 m2 of greenhouse space.

About LGC Capital

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: QBA). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.


For further information please contact:

Canada Contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC, the Joint Venture with AfriAg and the investment in House of Hemp could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LGC Capital Joint Venture to Acquire Controlling Interest in the House of Hemp in South Africa with 40,000m2 of Fully Certified and State-of-the-Art Greenhouse Facilities for the Cultivation of Cannabis

MONTREAL and South AfricaJuly 18, 2017  – LGC Capital Ltd. (TSXV: QBA) (“LGC” or the “Company”) is proud to announce that LGC and AfriAg (Pty) Ltd, its strategic joint venture partner on this medical cannabis initiative, have today signed sole and exclusive agreements to acquire a 60% interest in South Africa’sHouse of Hemp.

“This is an important deal for LGC, that launches the Company straight into the global medical cannabis sector,” said John McMullen, the CEO of LGC Capital. “House of Hemp’s massive 40,000m(420,000 square feet) glasshouse complex at Durban Airport is the only certified cannabis growing and processing facility in South Africa. This is an opportunity to move towards production quickly as this facility exists and is already operational. It is ideal for large scale cultivation and processing of cannabis with its humidity and temperature controlled environments. We see a real global competitive edge as we will have minimal capital costs going forward and plenty of scope to cheaply increase the growing footprint within the Dube TradePort AgriZone. From an operating cost perspective, South Africa has a highly skilled labour force and the unit costs of electricity, labour and fertilizer are globally very competitive. The House of Hemp has a long and established history of top quality R&D in the hemp and cannabis fields in South Africa and we plan to leverage this superior knowledge to use its skills to grow our medical cannabis initiative elsewhere in southern Africa and beyond.”

About the House of Hemp (Pty) Ltd
www.houseofhemp.co.za

Uniquely, the House of Hemp in South Africa has a long term lease on the only certified indoor growing facility for the possession and cultivation of the Cannabis Sativa Plant for research purposes which includes growing, extraction and packaging, at the Dube TradePort AgriZone, which is located within the highly secure precinct of the Durban International Airport.

The Greenhouse “Block D” site is currently the only approved hemp/cannabis indoor growing site in South Africa. The site consists of approx. 37,633m² (405,000 square feet) of fully equipped, temperature regulated and humidity controlled greenhouse under glass plus associated support infrastructure comprising refrigerated pack houses, laboratories and offices covering 1,760m2 (19,000 square feet).

In 2010 House of Hemp became the first private company in South Africa to be awarded an exclusive permit from the Department of Agriculture and the Department of Health to legally cultivate and process hemp and cannabis products and has licences in place to import cannabis seed and products.

Since its establishment, the House of Hemp has been targeting research on all cannabis-related markets (textiles/fibres, oil/nutrition and medicinal) and has been appointed to coordinate commercial research on medical cannabis and is currently in the process of securing a second R&D license to grow and commercialize medicinal cannabis and medicinal cannabis products with varying Tetrahydrocannabinol (“THC”) and CBD content, and to operate legally in South Africa.

The Transaction

LGC and AfriAg have jointly signed a binding agreement with the House of Hemp in South Africa, for the sole and exclusive right to acquire a 60% beneficial interest in the House of Hemp and upon signing this agreement have committed to make an initial payment of CDN $19,595 within the next two days. LGC and AfriAg have also committed to pay an additional amount of CDN $37,000 by July 28th to House of Hemp for next month’s (August 2017) general overheads, salaries and growing facility lease payments. LGC and AfriAg will continue paying CDN $37,000 monthly for a period of six months to keep House of Hemp fully funded while completing the transfer of interest documentation and to allow for sufficient time to complete investigative studies on the most cost efficient ways of commencing scalable production. As part of the transaction, LGC and AfriAg have also committed to secure the necessary CDN $4.9 million estimated to commence large scale trial production within the Dube TradePort Block D greenhouses as soon as development plans are finalised.

About Dube TradePort

Dube TradePort Corporation, a business entity of the KwaZulu-Natal Provincial Government, is charged with the responsibility to develop the province’s biggest infrastructural project. Considered one of South Africa’s top 10 investment opportunities, this designated Special Economic Zone (SEZ) is geared to promote foreign and local investment.

The precinct is strategically located 30km north of the important coastal city of Durban, in KwaZulu-Natal, on South Africa’s eastern seaboard. This over 3,000 hectare development is home to the state-of-the-art King Shaka International Airport and is ideally positioned 30 minutes from Africa’s busiest cargo port, Durban Harbour, and 90 minutes from Richards Bay Harbour.  Dube TradePort takes advantage of its prime location as the only facility in Africa combining an international airport, dedicated cargo terminal, warehousing, offices, retail, hotels and agriculture.

Video of Dube TradePort: https://www.youtube.com/watch?v=xg07t6oTPBc

About Dube AgriZone

Dube AgriZone is Africa’s first integrated perishables supply chain and the most technologically advanced future farming platform on the continent.

This high-tech agricultural development, which forms part of the Dube TradePort Special Economic Zone (SEZ), is host to the largest climate-controlled glass-covered growing area in Africa. It aims to stimulate the growth of KwaZulu-Natal’s perishables sector and affords the opportunity to achieve improved agricultural yields, consistent quality, year-round production and the superior management of disease and pests.

The facility’s primary focus is on the production of short shelf-life vegetables and other horticultural products which require immediate post-harvest airlifting and supply to both domestic and export markets.

The present phase one development comprises an extensive 16 hectares of greenhouses, dedicated post-harvest packhouses, a central packing and distribution centre, a nursery and a sophisticated plant tissue culture laboratory, Dube AgriLab.

LGC’s Medical Cannabis Initiative

In June 2017, LGC announced that it had entered into a strategic alliance with AfriAg (Pty) Ltd to create a new 50/50 Joint Venture which will aim to develop a fully-regulated cannabis growing and processing industry in the southern African region for export to certified and regulated end users world-wide. AfriAg will assist LGC with securing significant agricultural land packages and processing facilities in the region to grow cannabis crops and produce, including seeds, cannabis extracted oils, dried marijuana leafs, cigarettes and vapours.

AfriAg was LGC’s logical partner due to its extensive experience with managing agriculture operations including greenhouse cultivation. It also owns and manages certified facilities and is one of the largest distributers of perishable food products by airfreight to the world from the southern African region.

About LGC Capital
www.lgc-capital.com

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSX-V: QBA.V). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg
www.afriagglobal.com

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.

This is the AfriAg Global JV page, it has a linkable gallery on the page.
http://www.lgc-capital.com/investments/afriag-global-joint-venture/

For further information please contact:

John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS 
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, its investment in House of Hemp, and LGC’s operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC, the Joint Venture with AfriAg and the investment in House of Hemp could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.
 
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LGC Capital Forms Strategic Partnership with International Agriculture and Agri-logistics Specialist AfriAg To Develop a New Medical and Recreational Cannabis Division with a Global Focus

MONTREAL and South Africa, June 26th, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that it has entered into a strategic alliance with AfriAg (Pty) Ltd to create a new 50/50 Joint Venture to grow and distribute medical and recreational cannabis products in the southern African region for export to regulated and certified end users around the world.

AfriAg has extensive experience with managing agriculture operations including greenhouse cultivation. It also owns and manages certified facilities and is one of the largest distributers of perishable food products by airfreight to the world from the southern African region.

The new Joint Venture will aim to develop a fully-regulated cannabis growing and processing industry in the southern African region for export to certified end users world-wide. AfriAg will assist LGC with securing significant agricultural land packages and processing facilities in the region to grow cannabis crops and produce, including seeds, cannabis extracted oils, dried marijuana leafs, cigarettes and vapours.

“LGC, in conjunction with AfriAg, will now be actively pursuing this first of its kind opportunity in the southern African region, which expands LGC’s focus into a truly international investment company,” said John McMullen, CEO of LGC. “AfriAg is a great development partner for a venture such as this and this opportunity is unique. If successful, we will make LGC the first and only Canadian publicly-traded company to be licenced to grow and export recreational and medical cannabis on a global basis.”

“AfriAg can bring a tremendous amount of growing, manufacturing and global logistics expertise to this partnership”, said Paul de Robillard from AfriAg. “Southern Africa has the commercial advantage of very competitive labour rate, a highly-skilled agriculture workforce, excellent climatic conditions, and rich soils that are well suited to outdoor and indoor crop production. We look forward to working with LGC on this new venture.”

About LGC Capital

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSX-V: QBA.V). LGC Capital’s objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital now plans to enter into the agricultural space in southern Africa through its new joint venture with AfriAg.

About AfriAg

AfriAg (Pty) Ltd is a global agriculture and agri-logistics specialist, and provides crop growing and logistics solutions, food marketing and bespoke distribution services, by road, air and sea, to many major food retailing and wholesale corporations around the world. AfriAg (Pty) Ltd is 40% owned by London listed AfriAg Global PLC.

 

For more information, please contact:

Canada Contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

London Office Contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. (“LGC”), its Joint Venture with AfriAg, and LGC’s operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of LGC and the Joint Venture with AfriAg could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under “Risk Factors and Risk Management” in LGC’s Management’s Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalfs. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LGC Capital & GTC Corporation Provide Update On Import / Export Business

Not for distribution in the United States

MONTREAL, QC – June 22, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to provide an update on its import / export Joint Venture partner, GTC Corporation. The shipments of equipment and industrial parts are now en route to Mariel, Cuba. This is in accordance to the agreement announced on April 24th 2017.

“As per our Shareholder Update issued yesterday, LGC’s investments in companies that are focused on doing business with Cuba continue to do so without interference,” John McMullen, CEO of LGC Capital stated.  “We are very pleased with the ongoing growth and achievements with the team at GTC Corporation and will support their continued success with their Cuban partners.”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

London Office Contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital & Groombridge Announces First Cuban Import Agreement

MONTREAL and HAVANA, Cuba, April 24, 2017 / – LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that its joint venture partner Groombridge Trading Corp. (GTC) has signed import agreement worth CDN $ 2.2 million for the delivery of construction equipment, spare parts, equipment and food, to be exported to Cuba under the previously announced 50/50 joint venture. The first delivery, under the terms of the agreement, must occur within 60 days and it includes equipment and spare parts.

LGC Capital will finance the opportunity and it is secured by a Tier One Canadian bank.

“Securing and executing this first contract is a tremendous achievement for the joint venture between LGC & GTC, as it seeks to rapidly grow its business,” John McMullen, LGC Capital’s CEO commented, “LGC & GTC work together to supply Canadian and third country products to the USD 15 billion Cuban import market at a time when the country is opening up to the world. As the Cuban economy Grows, the pipeline of import opportunities and the range of products that can be supplied are accelerating for GTC”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

London Office Contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital Ltd. Grants Stock Options

MONTREAL, April 3, 2017 / – LGC Capital Ltd. (TSXV: QBA) (“LGC”) announces that on March 31, 2017, its Board of Directors granted stock options in respect of an aggregate of 16,000,000 common shares to two officers, a director and a consultant of LGC Capital. The exercise price of the options is $0.05 per share with respect to 9,000,000 stock options, $0.10 per share with respect to 5,000,000 stock options and $0.15 per share with respect to 2,000,000 stock options, in each case greater than the closing price of LGC Capital’s common shares on the TSX Venture Exchange on March 30, 2017. The stock options will expire in five years, except for the 2 million options granted to the consultant, which will expire on August 21, 2021. The stock options were granted under LGC Capital’s 2016 Stock Option Plan.

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

London Office Contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital and David Lenigas agree to cancellation of stock option

This news release is issued under the early warning provisions of Canadian securities legislation

MONTREAL, April 3, 2017 / – David Lenigas, Co-Chairman of the Board of Directors of LGC Capital Ltd. (the “Corporation“) (TSXV: QBA), announces that on March 31, 2017, a stock option in respect of 8,000,000 common shares of the Corporation held by him was cancelled by mutual agreement of Mr. Lenigas and the Corporation.

Immediately prior to the cancellation, David Lenigas held 57,200,000 common shares of the Corporation, representing approximately 24.44% of the issued and outstanding common shares of the Corporation, and a stock option in respect of 8,000,000 common shares of the Corporation.  Assuming the exercise of the stock option held by Mr. Lenigas, he would have held 65,200,000 common shares of the Corporation, representing approximately 26.94% of the common shares of the Corporation that would have then been issued and outstanding. Immediately after the cancellation, Mr. Lenigas holds 57,200,000 common shares of the Corporation, representing approximately 24.44% of the issued and outstanding common shares of the Corporation, and no stock options.

Mr. Lenigas did not receive any consideration for the cancellation of the stock option. The exercise price of the stock option was $0.2325 per share and its expiry date was December 31, 2020.

In accordance with applicable securities laws, Mr. Lenigas may, from time to time and at any time, acquire additional common shares of the Corporation and/or other equity, debt or other securities or instruments (collectively, “Securities“) of the Corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Corporation and other relevant factors.

A copy of an early warning report filed by Mr. Lenigas in connection with the transaction described above is available on SEDAR under the Corporation’s profile.

For further information: To obtain a copy of the early warning report filed by David Lenigas, please contact: Sébastien Bellefleur, Fasken Martineau DuMoulin LLP, 800 Square Victoria, Suite 3700, Montreal, Québec, H4Z 1E9, Telephone: (514) 397-7445

LGC Capital Announces Changes To Its Executive Team

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Feb. 23, 2017 – LGC Capital Ltd. (TSXV: QBA) (“LGC Capital“) today announced changes to its executive management team. Mr. John McMullen has been appointed as Chief Executive Officer of LGC Capital to replace Mr. David Lenigas. Mr. Lenigas will continue to be very active with LGC Capital and remain as Co-Chairman of the Board of Directors.

Mr. McMullen has been an advisor to LGC Capital since its listing on the TSX Venture Exchange in July 2016. In a career of more than 20 years, Mr. McMullen gained extensive experience in international capital markets, with specific emphasis on supporting and advising micro and small cap publicly traded companies. During that time, Mr. McMullen held various positions at major investment firms. He is a graduate of the University of Western Ontario with a Bachelor of Arts Degree and resides in Toronto with his family.

“John is the professional this company needs to take it to the next level,” stated David Lenigas Co-Chairman of the Board of Directors. “He will provide the leadership and the necessary full time presence in the Canadian marketplace. Together, we will continue to build a company that will generate cash flow, by uniquely leveraging the opening of the Cuban economy to the world.”

“I am extremely excited to have the opportunity to lead LGC Capital,” said John McMullen. “I am motivated and fully committed to delivering the necessary results to take advantage of this great opportunity for our partners and investors.”

The appointment of Mr. McMullen as Chief Executive Officer of LGC Capital is subject to regulatory approval.

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

London Office Contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

LGC Capital Investee Company Melbana Energy Provides an Update on the Cuban Onshore Oil Block 9

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Feb. 3, 2017 / – LGC Capital Ltd. (TSXV: QBA) (“LGC“) is pleased to announce that one of its portfolio companies, Australian listed Melbana Energy Limited (“Melbana”) (ASX: MAY), has issued a press release providing an update on its Cuban Block 9 onshore oil acreage.

Melbana stated the following in its press release:
“We are highly encouraged by the continued growth in the exploration potential of the Block 9 PSC. … Melbana is currently progressing plans for a potential accelerated initial drilling program of up to two exploration wells in Block 9, with a target of finalizing well proposals this quarter, with drilling potentially commencing approximately twelve months after commiting to such activity.”

Melbana’s press release dated February 1, 2017 is available on its web site at www.melbana.com, under “Recent Announcements”.

LGC holds approximately 13.7% of Melbana and is its largest shareholder.

Caution Regarding Press Releases
LGC has not made any independent inquiries as to the accuracy or completeness of the press release issued by Melbana Energy and LGC assumes no responsibility for the contents thereof. The press release issued by Melbana Energy refers to “prospective resources” in connection with that company’s onshore Block 9 PSC located along trend from the Varadero oil field. LGC assumes that such reference was made in accordance with applicable Australia regulations but is not able to so confirm. Further, LGC is not able to confirm whether applicable Australian regulations are equivalent to those in the Canadian Oil and Gas Evaluation (COGE) Handbook and National Instrument 51-101 (NI 51-101). The disclosure in the Melbana press release does not comply with NI 51-101 or the guidelines of the COGE Handbook. Investors are cautioned to take all of the foregoing into consideration when reading the press releases issued by LGC and by Melbana, particularly any references to “prospective resources”.

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Cuban Travel Business Doubles In Size Over Last Year

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Jan. 23, 2017 / – LGC Capital Ltd. (TSXV: QBA) (“LGC“) is pleased to announce that its Cuba centric bespoke travel and concierge business, InCloud 9 (“iC9”), has almost doubled in size over last year with turnover increasing to an unaudited C$1.36 million for the year ended September 30, 2016, a significant increase from the unaudited C$0.72 million for the previous 2015 fiscal year for the Travelwelcome/IC9 Group.

Cuba is experiencing record tourism numbers and iC9 is now seeing not only its core customer base growing for bespoke tours to Cuba, it is seeing a dramatic increase in new business for group tours, conferences and private jet and yacht ground handling.

Tanja Buwalda, a highly experienced travel executive with many years of managing Cuban based travel companies has been employed as in-country Development Director to assist with handling the increased business coming in to iC9. iC9 has recently moved in to larger offices in the Havana Business Centre and is actively recruiting new staff to handle the influx of new business.  When asked about tourism in Cuba, Tanja said: ” Cuba is the largest country in the Caribbean, and has been a very popular destination, with tourism in 2016 estimated at approximately 4.5 million tourists, of which approximately 1.5 million were from Canada. This number is expected to grow as more international flights are planning travel routes to Havana and other cities of Cuba. There are significant historic sites and cultural events in addition to its great beaches.”

InCloud 9 (www.incloud9.com), in which LGC owns 40%, specializes in creating bespoke itineraries for unique vacations in Cuba, as well as providing all backup, support and fixing services for film and video production, and are provide Destination Management Solutions for tour operators looking to enable business in Cuba.

Through its representative office in Havana, iC9 provides the services of a specialist Cuban ground handler who works with other specialist travel companies around the world to assist with tailor-made trips to Cuba for their clients. This includes booking local hotels, transport, local tours and guides as well as other specialist activities such as art tours, deep sea fishing, fly fishing and scuba diving. In addition, iC9 is becoming more active in assisting with the organization of special events such as conferences and group activities around many of the big annual Cuban festivals such as the Cigar Festivals and Film Festivals.

David Lenigas, LGC’s Co-Chairman & CEO, commented; “We see tourism as one of the key focus areas for the company going forward, not only for solid cash flow, but also for long term sustainable growth and a business that is contributing to the growth of Cuba. To double the size of the business over the past year has been exceptional and we are now looking forward to accelerating this growth over 2017. Particularly pleasing is all of the new business we are now seeing with the new private jet and yacht sectors and the growth we are seeing in bespoke conferences that iC9 is now being contracted to arrange.”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Nespresso visits Cuba and Cuban coffee transaction proceeding on schedule

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Jan. 17, 2017 /- LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that The Cuba Mountain Coffee Company Ltd (“CMC”) has now agreed the contract terms with the Cuban Government owned Asdrubel Lopez, the main processor of coffee in Guantanamo province, which is designed to improve the quality and quantity of coffee production in the region and give CMC the rights to market, sell and take a share of proceeds for the top grades of coffee produced from the 17 highest and best microregions. The project is scheduled to begin this year with the first coffee exported at the end of the year.

The Nespresso CEO, accompanied by some of his team, have now visited some of the micro-regions in Cuba to inspect the latest harvest and tour a number of coffee de-pulping plants in the mountains. CMC has formed a strong relationship with Nespresso, having signed a Memoradum of Understanding last year, and Nespresso are expected to buy a large proportion of the Cuban coffee resulting from this project – Nespresso will also, subject to final agreement, assist with advice where appropriate.

The project also includes Asdrubal Lopez setting up a coffee roasting plant in their Guantanamo facility which will produce a brand of roasted coffee for the domestic and regional market. Discussions are also underway with a prominent Cuban music company to distribute the coffee through its Cuban retail outlets, along with a coffee shop offer which it is hoped will develop into the first Cuban coffee shop chain.

CMC’s contract with the Government is now going through the approval processes with the Cuban agriculture and inward investment/export ministries.

CMC, in which LGC Capital has a 10% interest, will meet with The Government’s Minagri and Asdrubel Lopez in early February to finalise any revisions and commercial terms before the project goes for final approval with the interested ministries.

The proposed contract is a Contract of Administration, by which CMC will jointly administer the 17 highest and best micro-regions in Guantanamo province with Asdrubel Lopez, who operate most of the beneficios (de-pulping or wet-mills), dry-mills, agronomy and the main coffee sorting plants in Guantanamo province, Cuba’s main coffee growing region.

David Lenigas, LGC’s Co-Chairman & CEO, commented; “This is an exciting development for LGC Capital and its investment in The Cuban Mountain Coffee Company. Cuba is world famous for its high-grown arabica coffees – their ripening is slowed by Caribbean breezes allowing complex flavours to develop. Once a big export crop, the CMC project aims to help restore the export markets and reputation of Cuba’s fine coffees.”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com