BCP Broome Capital Corp

Working Opportunity Fund (EVCC) Ltd. (the "Fund") announced today that it has
approved a temporary extension of the repayment of a secured note held by the
Fund and has approved a temporary extension of the Fund's credit facility.


Extension of Canadian Fund Secured Note Repayment

The Fund has also approved a temporary extension of the repayment of the $9.5
million principal amount secured note issued by GrowthWorks Canadian Fund Ltd.
("Canadian Fund") to the Fund from December 20, 2012 to December 31, 2012.


This principal amount was advanced by two series of the Fund to Canadian Fund
over the period of July 2011 to December 2011. Until March 28, 2012, the secured
note earned simple interest of 12% per annum on amounts advanced. Since making
the investment, a total of $2.1 million in interest was accrued to December 20,
2012. The secured note was originally due to mature on March 31, 2012. On March
28, 2012, the maturity date of the secured note was extended to May 15, 2012 and
interest on the secured note was increased to 22% in order to match the interest
and charges payable by the Fund on the credit facility described below. The two
series also received an aggregate extension fee of $225,000. On May 14, 2012,
the terms of the secured noted were further amended to provide for an extension
of the maturity date to December 20, 2012 and to include a repayment provision
whereby the Fund will receive 50% of all net divestment proceeds received by
Canadian Fund above an initial $5 million. As a venture capital fund, the
Canadian Fund relies on favourable M&A and IPO market conditions for full value
exit opportunities. The maturity date of the secured note has been extended to
December 31, 2012 allow Canadian Fund more time to work on completing some near
term divestment opportunities.


Commenting on the extension, David Levi, noted, "We believe that the Canadian
Fund is very close to completing some important divestment opportunities and we
feel confident that the Fund will soon be receiving a healthy return on its
secured note investment."


Beedie Loan

The Fund and BCC Lending Services (an affiliate of Beedie Capital Partners) have
agreed to extend repayment of the $10 million credit facility (the "Facility")
to June 30, 2013.


As the originally offered shares of the Fund, the Venture Series is continuing a
natural progression for a maturing venture capital portfolio by mainly focusing
on follow-on investments and developing and closing-out exit opportunities.
However, ongoing concerns about economic instability and resulting high levels
of market volatility continued to dampen activity in the IPO and M&A markets and
continued to impair the ability of venture investors to exit positions in 2011
and 2012. The resulting slowing of divestment activity combined with the
challenging capital raising climate for conventional retail venture capital
funds caused the Manager of the Fund and the Fund to conclude that there could
be pressure on the Fund's capital resources during peak periods of share
redemptions. Accordingly, in December 2011, the Fund secured a credit facility
to enhance operating and financial flexibility for the Fund's Venture Series.
Repayment of the Facility was originally due December 31, 2012. As announced on
December 14, 2012, negotiations on the potential sale of a portfolio company
representing one of the Fund's largest portfolio holdings are proceeding
favourably, however it is unlikely that the transaction will complete during
2012. As such, the Fund and BCC Lending Services have agreed to extend repayment
until June 30, 2013. The extension of the Facility will give the Fund
flexibility to meet its operating commitments and to address the inter-series
payable owing by Venture Series to Commercialization Series.


Commenting on the Facility, David Levi, CEO of the Fund, stated: "It's important
that we continue to back our investments that hold the promise of high value
exits. This facility provides a bridge to a potential sale that could result in
approximately 20% increase in net asset value of the Fund."


All other material terms and conditions of the Facility, including interest,
fees and security remain unchanged for the extension period. The Fund's
obligations under the Facility agreements are secured, including by a fixed
charge over all assets of the Fund and/or sale proceeds derived from assets of
the Fund. As the Facility provides greater capital resources for the Venture
Series, all charges and costs associated with the Facility are allocated to
outstanding Venture Series shares. Commercialization Series shares will not
incur any charges related to the Facility or the extension of the Facility. The
Venture Series shares continue to be off redemption and off sale as set out in
the Fund's press release dated December 14, 2012.


Forward-looking Statements Warning: This press release contains forward-looking
statements that are not based on historical or current fact, including
statements about the Facility, the product offerings of the Fund and the
prospects of, and expectations for divesting and generating returns from,
investments in the Fund's Venture Series venture portfolio. Actual results may
differ materially from those expressed or implied by such forward-looking
statements as a result of numerous known and unknown risks affecting the Fund
and portfolio companies, including risks inherent with investments in emerging
businesses with unproven technologies or products or limited sales, market and
economic risks that may significantly limit divestment opportunities, proceeds
realized from divestments and sources of capital for portfolio companies, levels
of Class A Share redemptions within the Fund, which in turn may impact the
availability of the Fund to undertake follow-on investments, and other risks
referenced in the Fund's public disclosure record. In addition, as much of the
Fund's assets are illiquid venture capital investments that may not be readily
sold at prevailing carrying values, enforcement of security interests under the
Facility could result in sales of venture assets of the Venture Series and/or
the Commercialization Series at values lower than prevailing carrying values,
which would result in portfolio losses. Many of these risks are beyond the
control of the Fund, its manager and the Fund's portfolio companies. Neither the
Fund nor its manager assumes any obligation to update any of the forward-looking
statements made in this release.


About GrowthWorks(i) (www.growthworks.ca) GrowthWorks(TM) managed funds provide
investment capital for Canadian companies and tax-advantaged investment
opportunities for Canadian investors through the Working Opportunity Fund (EVCC)
Ltd., GrowthWorks Atlantic Venture Fund Ltd., GrowthWorks Commercialization Fund
Ltd. and GrowthWorks Canadian Fund Ltd. GrowthWorks identifies, analyzes and
structures investments in companies with high growth potential. Particular
emphasis is placed on IT, Life Sciences and Cleantech sectors. Building on more
than 19 years of investment expertise, GrowthWorks is a leader in Canadian
venture capital management. GrowthWorks is a registered trademark of GrowthWorks
Capital Ltd.


About Beedie Capital Partners (www.beediecapital.com) Beedie Capital Partners
("BCP") is the in-house capital arm of the Beedie Group of Companies
(www.beediegroup.ca) with a 60+ year history in real estate development and
management, as now the largest industrial landlord in British Columbia. BCP is
investing the Group's own capital into non-real estate related areas, primarily
in the form of debt or equity. The focus of BCP is to invest directly into small
to mid-market growth and expansion stage companies, and/or funds that support
such companies, where both our capital and expertise can help serve as a
catalyst for growth.


(i)GrowthWorks refers to GrowthWorks Ltd. and: GrowthWorks Capital Ltd., manager
of the Working Opportunity Fund (EVCC) Ltd.; GrowthWorks WV Management Ltd.,
manager of GrowthWorks Canadian Fund Ltd. and GrowthWorks Commercialization Fund
Ltd.; and GrowthWorks Atlantic Ltd., manager of GrowthWorks Atlantic Venture
Fund Ltd.


Commissions, trailing commissions, management fees and expenses all may be
associated with investment fund purchases. Please read the Fund's prospectus
before investing. Investment funds are not guaranteed, their values change
frequently and past performance may not be repeated. Dividends on
Commercialization Series shares are not guaranteed.


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Levi
President & CEO
(604) 895-7253
Suite 2600, Royal Centre
1055 West Georgia Street
Vancouver, BC V6E 3R5

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