Pacific-Link Capital Inc. (the "Company") confirms that the Farm-out Agreement dated August 8, 2011, as amended on October 6, 2011 and November 6, 2011, entered between the Company and Red Cloud Exploration, LLC (the "Agreement"), previously announced in the news release dated August 9, 2011, has been terminated by the Company as certain of the conditions set forth in the Agreement have not been met.

The board of directors of the Company will continue to actively seek opportunities for a Qualifying Transaction, as that term is defined in Policy 2.4 Capital Pool Companies of TSX Venture Exchange.

On behalf of the board of PACIFIC-LINK CAPITAL INC.

Patrick Wong, Director and Chief Executive Officer

Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Pacific-Link's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at [ www.sedar.com ]. Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward Looking-Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.

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

Contributing Sources

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Pacific-Link Terminates the Farm-Out Agreement

Pacific-Link Terminates the Farm-Out Agreement