TBC.P Sunora Foods, Inc.

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Thoroughbred Capital Inc. ("TBC" or the "Corporation") (TSX VENTURE:TBC.P), a
Capital Pool Company, announces that, further to its press release dated
December 30, 2011 announcing the entering into of a letter of intent (the "LOI")
with Innovative Labs LLC ("INO") to acquire all of the issued and outstanding
securities of INO, the parties have mutually agreed to terminate the LOI and
their respective obligations thereunder.


TBC Common Shares are expected to resume trading on the TSX Venture Exchange
effective August 1, 2012.


The TSXV has neither approved nor disapproved the contents of this press release.

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