January 31, 2013 - Alpha Peak Leisure Inc. (TSX-V: AAP.P) (the "Company") is pleased to announce the completion of its initial public offering (the "IPO"). Pursuant to the IPO, the Company issued 4,000,000 common shares (each, a "Share" and collectively, the "Shares") at a price of $0.10 per Share for aggregate gross proceeds to the Company of $400,000 (the "Proceeds").

The Company is a Capital Pool Company (a "CPC") as that term is defined in the polices of the TSX Venture Exchange (the "Exchange"). The Company has not commenced operations and has no assets other than cash. The net proceeds of the IPO will be used by the Company to identify and evaluate assets and businesses for acquisition with a view to completing a "Qualifying Transaction" (as defined in the policies of the Exchange) in accordance with the policies of the Exchange.

The Company's common shares were listed for trading on Tier 2 of the Exchange under the Symbol "AAP.P" on January 31, 2013, and were immediately halted pending the completion of the IPO. The Company expects the common shares to resume trading on February 5, 2013.

Canaccord Genuity Corp. acted as agent (the "Agent") in respect of the IPO. The Company paid the Agent a cash commission equal to 10% of the Proceeds and an administration fee. In addition, the Company granted the Agent and its sub-agent an aggregate of 400,000 non-transferable warrants (each, an "Agent's Warrant" and collectively, the "Agent's Warrants"). Each Agent's Warrant entitles its holder to purchase one common share at a price of $0.10 per common share for a period of 24 months from the date on which the common shares were listed on the Exchange (the "Listing Date"). The Company also granted the Agent a right of first refusal to participate in any further brokered financing of equity or securities convertible into equity, or to provide sponsorship services for any Qualifying Transaction of the Company for a period of 24 months from the Listing Date.

The Company granted an aggregate of 1,020,000 incentive stock options (each, an "Option" and collectively, the "Options") to its directors and officers. Each Option entitles its holder to purchase one common share at a price of $0.10 per common share for a period of ten years from the Listing Date.

INVESTORS ARE CAUTIONED THAT TRADING IN THE SECURITIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY SPECULATIVE. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

ON BEHALF OF THE BOARD OF DIRECTORS OF
ALPHA PEAK LEISURE INC.

"Dennis Chi-Wai Tam"
Dennis Chi-Wai Tam
Chairman, Chief Executive Officer and Director

For more information, please contact:

Dennis Chi-Wai Tam; Chairman, Chief Executive Officer and Director
Tel: (852) 9212-1666
dr.tam@hotmail.ca

Samuel Yuen-Wai Tsang; Vice Chairman, President and Director
Tel: (852) 9861-3293
sywtsang@gmail.com

(Thurman) Tat Hong So; Chief Financial Officer, Corporate Secretary and Director
Tel: (604) 488-5219
thurman@shaw.ca

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 Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Specifically, this news release includes Forward-Looking Statements that the net proceeds of the IPO will be used by the Company to identify and evaluate assets and businesses for acquisition with a view to completing a "Qualifying Transaction" (as defined in the policies of the Exchange) in accordance with the policies of the Exchange and that the Company expects the common shares to resume trading on February 5, 2013. 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. 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.

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