Pasquale DiCapo Acquires Common Shares of Outlook Resources Inc.

TORONTO, ONTARIO, Jul 06 (MARKET WIRE) --
Mr. Pasquale DiCapo ("DiCapo"), 130 King Street West, Suite 2500,
Toronto, Ontario M5X 1A9 announces that on July 3, 2009, it acquired
ownership of 7,000,000 common shares ("Common Shares") of Outlook
Resources Inc. ("Outlook") and 7,000,000 common share purchase warrants
(the "Warrants") (each Warrant entitling the holder thereof to acquire
one additional Common Share at a price of $0.05 per share for the first
year and $0.10 per share for the second year) which securities were
acquired by DiCapo directly. These holdings represent approximately 4.7%
of the issued and outstanding Common Shares (or approximately 9.05% on a
partially diluted basis, assuming exercise of the Warrants only). In
addition, on July 3, 2009, joint actors of DiCapo acquired ownership and
control of 3,120,000 broker warrants (including an additional 3,120,000
convertible securities underlying such broker warrants) of Outlook
(collectively, the "Joint Actor Securities"), which (i) represents
approximately 4.1% of the issued and outstanding Common Shares on a
partially diluted basis, assuming exercise of the Joint Actor Securities
only; and (ii) when taken together with the securities of DiCapo,
represent approximately 4.7% of the issued and outstanding Common Shares
(or approximately 12.6% on a partially diluted basis, assuming exercise
of the Warrants and Joint Actor Securities only).

DiCapo or his joint actors did not own any securities of Outlook prior to
the transaction mentioned above.

These transactions were made for investment purposes and DiCapo and his
joint actors could increase or decrease their respective investments in
Outlook depending on market conditions or any other relevant factor.

To obtain a copy of the report filed pursuant to applicable securities
regulations in connection with the foregoing, please contact:
Shaun Drake
Tel: 416-848-0107
Fax: 416-848-0790
sdrake@mdcorp.ca
50 Richmond Street East, Suite 101
Toronto, ON M5C 1N7

Contacts:
Shaun Drake
416-848-0107
416-848-0790 (FAX)
sdrake@mdcorp.ca

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