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Press Releases

Announcement of Qualifying transaction

Chairman Capital Corp. ('Chairman') is pleased to announce that it has entered into an
arm's length letter of intent (the "LOI") dated November 11, 2009 with Longreach Oil
and Gas Ventures Ltd. ("Longreach") for the completion of a business combination,
which if completed, will be the qualifying transaction (the "Transaction") for Chairman
and result in the listing of the resulting issuer (the "Resulting Issuer"). The Transaction
is to be completed in accordance with Policy 2.4 of the TSX Venture Exchange (the
"Exchange") concerning capital pool companies.
 
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