Alpha Peak Leisure Inc. Enters Into Letter of Intent

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 30, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWSWIRE SERVICES

Alpha Peak Leisure Inc. (TSX VENTURE:AAP.P) (the "Company"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSXV") is pleased to announce that on July 18, 2014, it has entered into a letter of intent with Total Wonder Enterprises Limited (the "Target") to purchase all of the issued and outstanding securities of the Target (the "Transaction") from the shareholders of the Target. Upon completion of the Transaction, the Company will be carrying on the business of the Target, which has the right to operate a scenic tourism destination covering approximately 593 km² called the Swallows' Gully in Gonga Mountain International Tourism and Vacation Region, located in Sichuan Province, China.

Transaction Summary

The Transaction will be effected by the Company issuing 45,356,000 common shares in the capital of the Company (the "Consideration Shares"), which Consideration Shares will represent approximately 81% of the issued and outstanding shares of the Company as of completion of the Transaction but prior to the completion of a concurrent private placement for aggregate gross proceeds of not less than $25,000,000 (the "Financing") at $1.80 per common share (the "Financing Price").

Upon the closing, the Target will become a wholly-owned subsidiary of the Company. The Transaction is intended to constitute the Company's "Qualifying Transaction" (as defined in Policy 2.4 of the TSXV) in accordance with the policies of the TSXV. While two of the directors of the Company own collectively 10% of the issued and outstanding securities of the Target, they are not Control Persons (as defined in the policies of the TSXV) of the Target. Accordingly, the proposed Transaction is not a "Non-Arm's Length Qualifying Transaction" as defined under Policy 2.4 of the TSXV. It is anticipated that the approval of the shareholders of the Company will not be required.

The Transaction will be completed pursuant to available exemptions from the prospectus and registration requirements in Canada and the United States and any other applicable securities legislation. The Consideration Shares will be subject to such restrictions as may be imposed under applicable securities laws including any required pooling or escrowing required by the TSXV.