NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


David Patterson, President of Coastport Capital Inc. (TSX
VENTURE:CPP)(FRANKFURT:C1J) ("Coastport" or the "Company"), reports that
Coastport has closed the previously announced acquisition of Prairie Exploration
Inc. ("Prairie"), a privately held oil and natural gas company, for a total
purchase price of 20 million common shares of the Company ("Coastport Shares").


Coastport has taken up 100% of Prairie's outstanding Class "A" common voting
shares and Class "B" common voting shares (collectively, "Prairie Shares"),
being the shares tendered to Coastport's offer dated April 30, 2010 to acquire
all of the outstanding Prairie Shares on the basis of 5.992 Coastport Shares for
each Prairie Share.


ON BEHALF OF THE BOARD OF COASTPORT CAPITAL INC.

David Patterson, Chief Executive Officer and President