WINNIPEG, Aug. 2, 2012 /CNW/ – Parrish & Heimbecker, Limited (“P&H“) announces today that, further to its news release dated July 19, 2012,
notices of compulsory acquisition under the Business Corporations Act (Ontario) dated August 2, 2012 (the “Notice“) and related letters of transmittal have been mailed by P&H to holders
of common shares of Thirdcoast Limited (“Thirdcoast“) who did not tender their common shares to the P&H offer (the “Offer“) to acquire any and all of the issued and outstanding Thirdcoast
shares not already owned by P&H.

Upon completion of the compulsory acquisition process, P&H intends to
take the necessary steps to have Thirdcoast cease to be a reporting
issuer under the securities laws of the Province of Ontario.

Thirdcoast shareholders may obtain a free copy of the Notice and related
letter of transmittal online at www.sedar.com.

Forward-Looking Statements
This release includes forward-looking statements regarding P&H,
Thirdcoast and their respective businesses. The forward looking events
and circumstances discussed in this release may not occur and actual
results could differ materially as a result of known and unknown risk
factors and uncertainties affecting P&H, Thirdcoast and their
respective businesses. No forward-looking statement can be guaranteed.
Forward-looking statements speak only as of the date on which they are
made and P&H does not undertake any obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.

About P&H
Winnipeg, Manitoba-based Parrish & Heimbecker, Limited is a 103 year old
privately held Canadian company with grain elevators, terminals and
flour mills across Canada. P&H has grown into a diversified, vertically
integrated company that is committed to agribusiness and the entire
agri-food industry. The P&H group of companies covers a wide spectrum
of the agribusiness sector, mirroring very closely the diverse face of
Canadian agriculture. P&H is actively growing and adapting to meet
changing demands of the consumer. For more information, visit http://www.parrishandheimbecker.com.

This press release does not constitute an offer to buy or an invitation
to sell, or the solicitation of an offer to buy or invitation to sell,
any securities of Thirdcoast.

SOURCE Parrish & Heimbecker, Limited