Kanosak increases number of common shares reserved for issuance under its stock option plan

MONTREAL, Jan. 29, 2013 /CNW Telbec/ - Kanosak Capital Venture Corporation (TSXV: KKV) (the "Corporation" or "Kanosak") is pleased to announce that it has increased the maximum number of common shares reserved for issuance under its stock option plan from 836,794 to 913,702, representing 10% of the Corporation's outstanding common shares to date. This increase is subject to the approval of the TSX Venture Exchange.

In addition, Kanosak has issued 325,000 stock options to certain of its directors and officers, each option having an exercised price of $0.20 and expiring 10 years after its issuance.

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

SOURCE Kanosak Capital Venture Corporation