Thirdcoast-s Board Advises Shareholders to Take No Action at this Time as Alternatives Which Could Result in a Superior Proposal Continue to Be Explored 0

GODERICH, ONTARIO — (Marketwire) — 06/15/12 — Thirdcoast Limited ("Thirdcoast" or the "Company") announces that it has mailed its directors- circular (the "Directors- Circular") in response to the offer (the "Insider Bid") from Parrish & Heimbecker, Limited ("P&H") to Thirdcoast shareholders to purchase all of the issued and outstanding common shares (the "Common Shares") of the Company not already owned by P&H for $155