Leo Acquisitions Corp. Announces Termination of the Qualifying Transaction

Leo Acquisitions Corp. (the "Corporation") (TSX VENTURE:LEQ.H) announces that
the letter of intent (the "LOI") with Conversion Marketing-Communication Inc.
("Conversion") dated February 5, 2013, has been terminated. The LOI outlined the
general terms and conditions pursuant to which Leo and Conversion were willing
to complete a transaction that will result in a reverse take-over of Leo by the
shareholders of Conversion (the "Transaction"). The Corporation is a capital
pool company and intended for the Transaction to constitute its Qualifying
Transaction (the "Qualifying Transaction") as such term is defined in the
policies of the TSX Venture Exchange. 


The Corporation was advised by Conversion that it is not satisfied with the size
of the concurrent offering forming part of the Transaction. The Corporation is
currently seeking alternative Qualifying Transactions. 


CAUTIONARY STATEMENTS RE FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of
applicable securities laws relating to the termination of the Qualifying
Transaction and associated transactions, including statements regarding the
terms and conditions of the Qualifying Transaction and associated transactions.
Readers are cautioned not to place undue reliance on forward-looking statements.
Actual results and developments may differ materially from those contemplated by
these statements. The statements in this news release are made as of the date of
this release. The Corporation undertakes no obligation to comment on analyses,
expectations or statements made by third parties in respect of the Corporation,
Linyi and the Target, or their respective financial or operating results or (as
applicable), their securities.


NEITHER 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 RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gerry Goldberg
416-780-2203
Gerry.goldberg@slf.ca

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