MONTREAL, QUEBEC--(Marketwire - March 7, 2013) - Kilkenny Capital Corporation (the "Corporation" or "Kilkenny")(TSX VENTURE:KIK.H), a Capital Pool Company pursuant to Policy 2.4 of the TSX Venture Exchange's Corporate Finance Manual, announced that, following the due diligence conducted and the current market conditions, it no longer goes forward with its proposed Qualifying Transaction with CHS Resources Inc. announced in a press release dated August 16, 2012.