VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 20, 2012) - Turnberry Resources Ltd. (TSX VENTURE:TUR.P) ("Turnberry" or, the "Company"), a Vancouver based Capital Pool Company listed on the TSX Venture Exchange (the "Exchange"), is providing an update on the status of its "Qualifying Transaction" further to its news release dated September 1, 2011.