Spackman Equities Group Increases Stake in Entertainment Subsidiary

Spackman Equities Group Inc. (TSX VENTURE:SQG) ("SEGI") announced today that it
has entered into a Share Sale and Purchase Agreement to increase its ownership
in its majority-owned subsidiary, Spackman Entertainment Group Limited ("SEGL"),
from 5,500 shares, or 55.0%, to 6,580, or 65.8%, by purchasing a total of 1,080
shares, or 10.8%, of SEGL from Blackwell Associates Group Inc. ("Blackwell"), an
arm's-length minority shareholder of SEGL, for a total purchase consideration of
CAD 897,642.00 in cash. 


The purchase consideration per share paid in this transaction is the same as the
purchase consideration paid when SEGI acquired 55% of SEGL at the beginning of
this year. On January 10, 2012, SEGI acquired 5,500 common shares, or 55%, of
SEGL in exchange for the issuance of 30,475,500 common shares of SEGI at a
deemed price of CAD 0.15 per share (equivalent to an acquisition value of CAD
4,571,325). 


SEGL is a non-operating holding company incorporated in Hong Kong that holds
93.0% of Opus Pictures Co., Ltd. and 92.996% of Zip Cinema Co., Ltd, the two
operating Korean movie production subsidiaries of SEGI. SEGI owns an additional
7% of both Opus and Zip through a wholly-owned subsidiary, Spackman Equities
Limited. As a result of its 65.8% ownership in SEGL and its 100% ownership in
Spackman Equities Limited, SEGI is the ultimate beneficial owner of 68.2% of
both Opus and Zip. 


According to the Share Sale and Purchase Agreement between SEGI and Blackwell,
the completion of this transaction is to take place on or before December 24,
2012. 


About Spackman Equities Group Inc.

Spackman Equities Group Inc. ("SEGI") is a diversified investment holding
company that invests into and develops small/medium-sized growth companies that
possess proprietary technologies or industry-specific know-how, primarily in
Asia. SEGI also makes investments in selected publicly-traded companies that
SEGI believes are attractive investment propositions. The objectives of SEGI are
to (i) invest into or acquire businesses with compelling growth potential at
attractive valuations, (ii) build a diversified and balanced portfolio of
investments, and (iii) deliver the collective value derived from the performance
of its portfolio of investments to the shareholders of SEGI. 


www.spackmanequities.com

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL" or "the Company"), incorporated in
Hong Kong on July 31, 2011, is a non-operating holding company that owns two
operating subsidiaries, namely, Opus Pictures Co., Ltd. ("Opus") and Zip Cinema
Co., Ltd. ("Zip"). Both Opus and Zip are leading independent motion picture
production companies in Korea that have produced some of Korea's biggest box
office hits, including THE MAN FROM NOWHERE (Opus 2010) and ALL ABOUT MY WIFE
(Zip 2012). 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Spackman Equities Group Inc.
Floria Lin
Investor Relations
+852 3902 3287
info@spackmanequities.com
www.spackmanequities.com

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