SZZ.H Delavaco Residential Capital Corporation

Sereno Capital Corporation (TSX VENTURE: SZZ.H) announced that it has granted an aggregate of 262,500 incentive stock options (the "Options") to its consultants, officers and directors pursuant to the stock option plan (the "Plan") of the Company. The Options are exercisable at $0.25 per share and are granted under the Plan approved by shareholders on October 29, 2010.

All of the Options granted on May 16, 2011 vest immediately. Vested Options can be exercised at any time during the five-year period following the grant date.

About Sereno Capital Corporation

Sereno Capital Corporation trades on Canadian Venture Exchange under the symbol SZZ.H. Sereno is classified as a Capital Pool Corporation as defined in Policy 2.4 of the TSX Venture Exchange.

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The Canadian Venture Exchange has neither approved nor disapproved of the contents of this news release.

Contacts: Sereno Capital Corporation Brendan Gordon Director 416.214.9672