PayChest : Share Buyback Continues

HONGKONG (MARKET WIRE) 12/01/11 -- Paychest, Inc. (OTC:PYCT)

PayChestInc. (the “Company”) is pleased to announce receipt of a further100 million shares being retired under the recently announced sharebuyback program.

Furtherto the reduction in issued and outstanding shares as of November23^rd,the Company has purchased a further tranche of 100 million shares.The lower share count will be reflected over the next week on thecompany website, www.paychest.com,www.pinksheets.com,and through Transfer Online, the company’s SEC approved transferagent.

Companiestypically buy back shares to increase shareholder value.

TheCompany purchased this 100 million shares at the current market priceand plans to purchase more sharesin coming weeks.This purchase continues the buyback program that is planned to last 3months. The duration is dependent on a number of variables includingthe share price.

Nowthe Company has commercial production the Company plans aComprehensive Corporate Update in the next few weeks.

NOTES ABOUT FORWARD-LOOKINGSTATEMENTS

Exceptfor any historical information contained herein, the mattersdiscussed in this press release contain forward-looking statementsthat involve risks and uncertainties, including those described inthe Company's filings with OTC Marketshttp://www.otcmarkets.com/stock/PYCT/financials.

Certain statements contained inthis release that are not historical facts constitute forward-lookingstatements, within the meaning of the Private Securities LitigationReform Act of 1995, and are intended to be covered by the safeharbors created by that Act. Reliance should not be placed onforward looking statements because they involve unknown risks,uncertainties and other factors which may cause actual results,performance or achievements to differ materially from those expressedor implied. Forward looking statements may be identified by wordssuch as estimates, anticipates, projects, plans, expects, intends,believes, should and similar expressions and by the context in whichthey are used. Such statements are based upon current expectationsof the Company and speak only as of the date made.

Contact: Paychest, Inc. ir@paychest.com

TomHands : 1-416-619-5242 from overseas: +1-416-619-5242

TobieOliver : 1-800-624-7479 from overseas: +1-714-274-7206

Source:PayChest Inc.

Historicalnews releases on the Company can be found athttp://www.paychest.com/news.htm.