David Patterson, the President of Coastport Capital Inc., reported that the Company continues to evaluate, for acquisition, potential producing oil and gas assets and Crown land sale postings in the Western Canadian Sedimentary Basin, an area that Management believes provides a unique investment opportunity at this time. These efforts have been strengthened through the recent addition of Mr. Malcolm Todd and Mr. James Ladner to the Company's Board of Directors.

Coastport Capital Inc. announced the addition of Mr. Malcolm Todd and Mr. James Ladner to the company's Board of Directors. Mr. Todd brings over 20 years of experience in the natural resource sector in Western Canada through his roles as President of Prairie Exploration Inc. and Prairie Pacific Energy Corporation. Mr. Ladner is a financial industry consultant in Switzerland with extensive experience in finance and a specialization in the oil and gas industry.

Coastport Capital, Inc. reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported loss before interest income and forgiveness of debt of CAD 76,496 against CAD 89,030 a year ago. Loss and comprehensive loss for the period was CAD 60,468 against CAD 69,525 a year ago. Cash used in operating activities was CAD 258,701 against CAD 86,266 a year ago. For the six months, the company reported loss before interest income and forgiveness of debt of CAD 162,686 against CAD 264,083 a year ago. Loss and comprehensive loss for the period was CAD 140,819 against CAD 245,863 or CAD 0.01 basic and diluted per share a year ago. Cash used in operating activities was CAD 335,816 against CAD 255,727 a year ago.