RYM to Repurchase Up to 100% of Its Outstanding Shares Pursuant to a Substantial Issuer Bid

TORONTO, ONTARIO -- (Marketwire) -- 07/29/10 -- RYM Capital Corp. ("Rym" or the "Corporation") announced today that it has made a substantial issuer bid (the "Offer") pursuant to which the Corporation will offer to repurchase for cancellation up to 100% of its outstanding common shares (the "Shares") from shareholders at a purchase price of 0.149 per Share.

The Offer is not conditional on any minimum number of Shares being tendered to the Offer, but is subject to other conditions customary for transactions of this nature. The formal offer to purchase and issuer bid circular and other related documents (the "Offer Documents"), containing the terms and conditions of the Offer and instructions for tendering Shares will be mailed to shareholders and filed with the applicable securities regulators and available on SEDAR at www.sedar.com on July 29, 2010. The Offer will remain open for acceptance for at least 35 days after the date of commencement, unless withdrawn or extended by the Corporation.

The Board of Directors of Rym has authorized the making of the Offer. Kalex Valuations Inc. ("Kalex") was engaged by Rym as the independent valuator to prepare a formal valuation of the Shares (the "Valuation") for the Board. The Valuation contains Kalexs opinion that, based on the scope of its review and subject to the assumptions, restrictions and limitations provided therein, as of July 31, 2010, the fair Valuation and considering the assumptions underlying the valuation methodology used therein, the Board has determined to set the purchase price at 0.149 per Share. A copy of the Valuation will be filed separately on SEDAR.

Neither the Corporation nor its Board of Directors makes any recommendation to shareholders as to whether to tender or refrain from tendering their Shares to the Offer.

Shareholders are strongly urged to consult their own financial, tax and legal advisors and to make their own decisions whether to tender or refrain from tendering their Shares to the Offer and, if so, how many Shares to tender.

The Board of Directors decision to authorize making the Offer, was based on a number of factors, including that the Offer is an equitable and efficient means of distributing capital to shareholders, the deposit of Shares is optional and Shareholders are free to accept or reject the Offer.

Further information concerning the factors considered by the Board of Directors, along with the terms and conditions of the Offer, is contained in the Offer Documents that are being mailed to shareholders and available on SEDAR.

This press release is for information purposes only and is not an offer to buy or the solicitation of an offer to sell any Shares.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Rym Capital is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Rym Capital cannot assure investors that actual results will be consistent with these forward looking statements and Rym Capital assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.