VANCOUVER, BRITISH COLUMBIA–( EMWNews – March 31, 2008) – Blue Cove Capital Corp. (the “Corporation”), a capital pool company, announced that it has completed its initial public offering (“IPO”) consisting of a new issue of 2,000,000 common shares priced at $0.10 per share, for gross proceeds of $200,000. The Corporation’s common shares are expected to commence trading on the TSX Venture Exchange (the “TSX-V”) under the symbol “BCV” at market opening on April 1, 2008.

The net proceeds of the IPO will be used by the Corporation to identify and evaluate assets or businesses for acquisition with a view to completing a “Qualifying Transaction” under the Capital Pool Company program of the TSX-V as disclosed in the Corporation’s prospectus dated February 28, 2008.

Canaccord Capital Corp. (the “Agent”) acted as agent for the IPO and was issued a non-transferable option to purchase 200,000 common shares at a price of $0.10 per share, exercisable for a period of 24 months from the date of listing of the common shares on the TSX-V. The Agent also received a commission equal to 10% of the total gross proceeds of the IPO, and an administration fee.

The Corporation has also granted stock options to its directors and officers to acquire up to an aggregate of 420,000 common shares at a price of $0.10 per share, exercisable until March 28, 2013 and has granted Cyrus Centre, an Eligible Charitable Organization under the policies of the TSX-V, stock options to acquire up to 42,000 common shares at a price of $0.10 per share, exercisable until March 28, 2018.

An aggregate of 2,200,000 previously issued and outstanding common shares of the Corporation were placed in escrow in accordance with the policies of the TSX-V (the total number of issued and outstanding common shares following completion of the IPO is 4,200,000).

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.