Vancouver, British Columbia--(Newsfile Corp. - May 14, 2013) - Olie, Inc. (OTCQB: OLIE) ("OLIE") is announcing that OLIE and EnCanSol Capital Corporation ("EnCanSol") have mutually determined not to complete the acquisition transaction referenced in the Form 8-K filed by the OLIE on April 10, 2013. OLIE and EnCanSol have executed a termination agreement and mutual release between themselves to memorialize the termination of the acquisition transaction.

Olie, Inc. Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange or regulatory organization in Canada accepts responsibility for the adequacy or accuracy of this release.

Source: Olie, Inc.

Source: Olie Inc.