News Release

Delavaco Capital Inc. in partnership with PowerOne Capital Markets announces payout of Integral loan

FORT LAUDERDALE, FL and TORONTO, ON, May 7, 2012 /CNW/ – Mr. Andrew DeFrancesco, Chairman & Chief Executive Officer of Delavaco Capital Inc.  (“Delavaco”) is pleased to announce that Delavaco, together with PowerOne Capital Markets Limited (“PowerOne”), acting as advisor, has successfully completed its previously announced secured loan debt financing to Integral De Servicios Tecnicos S.A. (“Integral”), a leading oil and gas services company operating in Colombia and other South American countries.

Delavaco and PowerOne, together with a syndicate of other Canadian institutional and high net worth lenders, provided, arranged and advanced a total aggregate amount of US$26 million in connection with the acquisition by Integral of Latin America Drilling Corporation Inc. and for other general and working capital purposes.

The total non-weighted average return on capital for Delavaco for this transaction for the period from April 20, 2010 to May 4, 2012 equaled a better than 20% annual return.

Despite the global economic downturn, the completion of this deal marks another successful liquidity transaction in which Delavaco has successfully completed in Colombia since 2007.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Delavaco Capital Inc.

Delavaco Capital Inc. is a private equity and merchant banking firm focused on investments in the mining, energy, real estate and retail sectors. Delavaco’s objective is to combine access to capital, industry expertise, and extensive capital markets experience to create significant value in its investment portfolio.

Delavaco has a strong track record of forming and actively managing early stage enterprises and developing them into strong public companies with a solid management and financial foundation. Delavaco was founded in 2007 and since has funded or structured funding in excess of C$800 million since its inception.

Delavaco’s founder and principals have extensive and varied business and investment experience stemming from senior positions in investment banking, equity capital markets, equity trading and sales, fund management and accounting. It’s these backgrounds that provide the firms’ strength in (i) raising capital; (ii) mergers and acquisitions; (iii) planning for and managing strategic growth; (iv) restructurings; and (v) implementing exit strategies.

Delavaco is headquartered in Fort Lauderdale, Florida with offices in Toronto, Ontario and both Bogota and Medellin Colombia.

For further information:

Andrew DeFrancesco
Chief Executive Officer
2300 E. Las Olas Blvd.
Fort Lauderdale, FL 33301
(954) 779-1930

Lisa-Marie Iannitelli
Director of Investor Relations & Business Development
1 Richmond Street West,
Suite 500,  P.O.Box 17
Toronto, ON M5H 3W4
Direct: (647) 476-7577