LHC

Long Harbour Capital Corp. (TSX VENTURE: LHC) (the "Company") reports that it has entered into an agreement with the Saskatchewan Syndicate (the "Vendor") for the purchase of a 100% interest in the Madison Uranium Property located in the Athabasca Basin in northern Saskatchewan. This transaction is subject to receipt of TSX Venture Exchange approval.

The Madison Property (the "Property") is located on the eastern edge of the Athabasca Basin in the Wollaston Lake Domain, within a northeast trending structural zone that hosts several large high-grade uranium deposits. The Property is within 5 kilometers of Long Harbour's recently announced 2Z Lake acquisition and is situated approximately 28 kilometers south of the McClean Lake Sue mine and deposits and 30 kilometers east of the Cigar Lake mine.

The Property covers the same basement geology as the major eastern Athabasca uranium ore bodies that are responsible for approximately 20% of the world's annual mine production of uranium. As such, the focus of exploration on the Property will be on near surface basement-hosted, structurally controlled uranium deposits. The Athabasca sandstone layer, which occurs in unconformable contact with the basement rocks, averages 80 meters in depth, attractive for cost effective mining operations.

New basement hosted uranium deposits continue to be discovered in the eastern Athabasca Basin including Cameco's Millenium deposit (50 million pounds of U3O8 @ 4.55%) and, more recently, Hathor's May 17, 2011 announced 30 million pound addition of U3O8 @ 11.58% at its Roughrider Property, doubling that deposits size to 58 million pounds at 11.57%.

The Property covers 1347 hectares, which borders, and is surrounded by properties owned by Denison Mines, UEX Corporation and Hathor Exploration. The Property is on trend with Hathor's Roughrider deposit and within 7 kilometers of its Milliken property.

The purchase price for the Property is $20,000 cash and 300,000 common shares of the Company. A 2.0 % net smelter returns interest will be retained by the Vendor.

The Company will pay a finder's fee on this transaction, subject to approval of the TSX Venture Exchange.

The technical information in this news release was reviewed by Kent Ausburn, a Qualified Person as defined in NI 43-101.

Neither the 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 news release.

Contacts: Senergy Communications Inc. Graham Johnstone Investor Relations 778-331-2030 lhc@senergyir.com www.senergyir.com Long Harbour Capital Corp. Geoff Lee CEO 604-602-9222 604-648-2201 (FAX)