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Academy Explorations Limited Issues Correction to Press Release Dated February 19, 2013

TORONTO, ONTARIO — (Marketwire) — 02/20/13 — ACADEMY EXPLORATIONS LIMITED ("Academy" or the "Company") is issuing a correction to its press release "OSC Approves Release of Academy-s Shares from Escrow" dated February 19, 2013. In accordance with the Ontario Security Commission-s approval of the release of the escrowed securities set out in the February 19, 2013 press release, the escrowed securities will be released from escrow on April 26, 2013.ABOUT ACADEMYA

OSC Approves Release of Academy-s Shares from Escrow

TORONTO, ONTARIO — (Marketwire) — 02/19/13 — ACADEMY EXPLORATIONS LIMITED ("Academy" or the "Company"). On August 31, 2012, the Ontario Securities Commission approved the Company-s request in Ontario to amend an existing escrow agreement among the Company, its transfer agent and certain security holders of the Applicant entered into on May 25, 1977 (the Escrow Agreement). The Company-s request for approval is made pursuant to section 3 of the Escrow Agreement. The Commis

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