Name Change and Election of Directors

August 1, 2012 – TORONTO, ONTARIO – Whiteknight Acquisitions Inc. (the “Company”) (TSX VENTURE:SEB) is providing an update regarding results of the Company’s annual Shareholder Meeting held July 30, 2012 (“Meeting”).

At the Meeting, the shareholders of the Company voted to:

(a) change the Company name to “Smart Employee Benefits Inc.”, as proposed in the Meeting Information Circular dated July 4, 2012 (“Circular”)

(b) approve the stock option plan as described in the Circular

(c) elect the following as directors of the Company:

(1) Walter Simone, CFP, CLU, CH.F.C., CHS, TEP, CFSB, CFS, RFC, RPA, CPCA – Director, Chairman

Mr. Simone has been in the insurance and financial services industry for 40 years and is a Qualifying & Life member of the Million Dollar Round Table, an international network of insurance and investment financial services professionals/advisors. Mr. Simone is a regular speaker and author on topics of life insurance and related products, motivation and practice management. Mr. Simone is active in the Canadian Italian Business & Professional Association, the National Federation of Canadian Italian Business & Professional Associations, and the school of Business Management Advisory Council at Ryerson University.

(2) John McKimm, BBA, MBA, LLB, FCSI – Director, Chief Executive Officer, President, Chief Information Officer

Mr. McKimm has over 35 years of experience providing operations and financial expertise to public and private companies. His experience covers many sectors, including financial services and technology. Mr. McKimm has extensive investment banking and corporate finance expertise, specializing in emerging and growth companies providing specialty services in SR&ED claims, strategic and financial restructurings, mergers and acquisitions, and arranging financing. He has served as a director and officer of many public and private companies, including extensive experience on board committees as both a Committee Member and Chair. Most recently, Mr. McKimm founded and was Chairman and Chief Executive Officer of Brainhunter Inc., a company that was listed on TSX.

(3) Ronald D. Barbaro, O.Ont., DHL – Director

Mr. Barbaro served as President & CEO the Prudential Insurance Company of America Canadian Operations 1985 – 1990, then President of Prudential’s Worldwide Ops. 1990-1993 – (launched operations in Italy, Korea and Spain). Currently he is Chairman of Levon Resouces Ltd; Board Member of: The Brick Ltd. (former Chairman); Trans Global Life and Trans Global Insurance (former Chairman); and Imvescor Restaurant Group Inc.

He is a former President and CEO The Ontario Lottery and Gaming Corporation; President Toronto Argonaut Football Club; Chairman Toronto Design Exchange, Campaign Chairman of the United Way and Chairman of the Premier of Ontario’s Economic (SARS) Recovery Team, and has served on more than 30 other public boards including Thomson Reuters.

Mr. Barbaro has been recognized with many awards, including induction into the Academy of Achievement of Sales and Marketing Executives in both Canada and the U.S.A.; and featured in numerous print media and appearances for his significant contributions to the business world.

(4) Nancy Myles Elliott, BA, LLB – Director

Nancy Elliott is a lawyer and seasoned business woman with extensive experience in the development of Canada-China business and investment strategies. Fluent in Mandarin, Ms. Elliott has built significant relationships in China over the past twenty years, advising clients on corporate and immigration matters. She is well-respected and trusted and has become a conduit for responsible Chinese investment in technology, real estate and resources, both in Canada and around the world. In addition to her legal practice, Ms. Elliott has experience as a shareholder and director of several companies, including private equity, mortgage brokerage, consulting and advisory. Ms. Elliott has also dedicated her time to volunteer work assisting new immigrants, and is a member of several community-based organizations.

(5) Keith R. Harris, B.Comm, CA – Director

Since January 2011 Keith R. Harris has acted as a consultant and corporate director through his financial advisory firm Naiscoot Capital Corporation. He is currently a director of Frontline Technologies Inc., Maudore Minerals Ltd. and Whiteknight Acquisitions Inc. From January 2008 to December 2010, he was President and Chief Financial Officer of Stifel Nicolaus Canada Inc. (and its predecessor company Thomas Weisel Partners Canada Inc.), the Canadian broker-dealer subsidiary of Stifel Financial Corp., a financial holding company listed on the New York Stock Exchange. In 2002, he was a co-founder and Chief Financial Officer of a boutique Canadian investment bank, Westwind Partners Inc., which was sold to Thomas Weisel Partners Group (TWPG) in 2008. TWPG was subsequently bought by Stifel Nicolaus in 2010. Mr. Harris received a B. Comm from the University of Toronto in 1975 and received his CA designation in 1977 while employed with Ernst & Young.

(6) Marc Kealey, BA, Cert. Campaign Management – Director

Through his start in acute care restructuring while in Durham Region, Marc Kealey is credited with helping to lay the groundwork for the creation of the first integrated hospital system in Ontario forging the template for the integrated hospital operations model throughout Canada. Since that time, he has become a leading voice for transformation in Health care and drug reform in his roles as a qualified health system design consultant and as the CEO of Canada’s largest pharmacy organization. In that particular role he helped steer some of the most comprehensive drug reform throughout Canada and the United States.

He is an expert in governance, communications and business management process, and is known for his advocacy efforts for patients, communities and organizations through his role as a principal at K&A Inc. a consultancy serving the healthcare, energy and gaming sectors.

In addition to his contributions in the health care business arena, Marc is an expert in communications and building effective governance structures. He is dedicated to public service and involved in many organizations and causes. He serves on the Board of many organizations including: Care Givers United, Canadian Friends of the Elderly, the Board of Governors at McMaster University, Smart Systems for Health Agency in Ontario, University of Waterloo’s Pharmacy School and many federal initiatives.

He was an advisor to the former Prime Minister of Canada John Turner (1984 -1988) and the Premier of Ontario David Peterson (1988-1990).

(7) Stephen Peacock, BSC, MBA – Director

Stephen is a seasoned financial executive, who has held senior positions in domestic and international organizations including RBC, Lancaster Financial, Citbank, Levesque Beaubien, Shroders and HSBC. More recently, he was a founder of Mustang Capital Partners in 2002, a Calgary based limited market dealer specializing in mergers and acquisitions. He currently is the President of Bearspaw Capital Corp., a private investment firm. He previously was a director of Avery Resources Inc. when it was a TSX-V listed company.

(8) Barry Walsh, BA – Director

Mr. Walsh has over forty years of experience as an entrepreneur in the technology field. Mr. Walsh is the founder of Bevertec CST Inc., a company specializing in both IT professional services and banking software solutions. Mr. Walsh has extensive global experience in both selling and building technology solutions. He has a Bachelor of Arts in Computer Science.