Smart Employee Benefits Inc. (the “Company”) (TSX-V: SEB) (formerly Whiteknight Acquisitions Inc.) advises that 500,000 share purchase options in the common share stock of the Company were granted to the 5 Independent Directors of the Company on August 16, 2012. Each of the Independent Directors received 100,000 of the share purchase options.

The share purchase options entitle the holder to acquire one of the Company’s shares for each option until August 16, 2015 and have an exercise price of $0.33 per share. The options vest as follows: 20,000 options on date of issue, and 20,000 options at each 6 month interval from date of grant until the options are fully vested.