Alpha Peak Leisure Inc. Announces Additional Syndicate Member for Proposed Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 24, 2014) - Alpha Peak Leisure Inc. (TSX VENTURE:AAP.P) (the "Company") is pleased to announce that, further to its announcement on December 3, 2014, of its intention to undertake a private placement offering of a minimum of $25,000,000 in gross proceeds, Deutsche Bank AG, Hong Kong Branch has been appointed to join the syndicate of agents, comprised of Citigroup Global Markets Asia Limited, Merrill Lynch Far East Limited and UBS Securities Canada Inc., to co-market the private placement. This announcement does not constitute a commitment by any of the syndicate agents to underwrite (or to enter into an agent or underwriting agreement with respect to), purchase, place or arrange the financing. A subsequent news release will be made should the transaction proceed as intended.

This notice is not an offer of securities for sale in the United States. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and applicable state securities laws of the United States. Any offering of securities will be made by means of an offering document. Such offering document will contain detailed information about the Company and its management and financial statements.

ON BEHALF OF THE BOARD OF DIRECTORS OF ALPHA PEAK LEISURE INC.

Dennis Chi-Wai Tam, Chairman, Chief Executive Officer and Director

Forward-Looking Statements:

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the proposed private placement offering. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the Company's ability to complete the proposed transaction; the state of the financial markets for the Company's equity securities; the Company's ability to obtain Exchange's final approval for the proposed transaction; and other risks and factors that the Company is unaware of at this time. The reader is referred to the Company's most recent annual and interim Management's Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through the Company's page on SEDAR at www.sedar.com. The reader is also referred to the Company's Information Circular for a more complete discussion of such risk factors and their potential effects, a copy of which may be accessed through the Company's page on SEDAR at www.sedar.com upon filing of the Information Circular.

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 release.