TWO T2 Metals Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Steelhead Investments Ltd. announces that, as a result of participation in the
private placement of redeemable, convertible, unsecured 8% debentures
("Convertible Debentures") of Twoco Petroleums Ltd. ("Twoco") (TSX VENTURE:TWO),
it has acquired, through its subsidiary Trotter and Morton Limited, the
principal amount of $3,000,000 of Convertible Debentures. At any time prior to
the December 31, 2012, at the option of the holder, the Convertible Debentures
shall be convertible into common shares of the Corporation ("Common Shares") at
a conversion price of $0.324 per share. Steelhead Investments Ltd. now owns,
directly or indirectly, or exercises control over 4,587,000 Common Shares
representing approximately 7.8% of the issued and outstanding Common Shares and
no other securities of Twoco except for the $3,000,000 principal amount of
Convertible Debentures.


Steelhead Investments Ltd. acquired the Convertible Debentures for investment
purposes and may, from time to time on an individual or joint basis, acquire
additional securities of Twoco, dispose of some or all of the existing or
additional securities it holds or will hold, or may continue to hold its current
position.


FOR FURTHER INFORMATION OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED IN
CONNECTION WITH THIS MATTER, PLEASE CONTACT MR. DUNCAN MOODIE.

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