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Gainey Capital Announces Initial Results from Exploration Program at El Colomo Project in State of Nayarit, Mexico

VANCOUVER, BC / ACCESSWIRE / April 7, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX:  GNYPF) ("Gainey" or the "Company") is pleased to announce the initial results from its ongoing surface sampling program at its 100% owned El Colomo property located in the Sierra Madre Occidental Trend in Western Mexico. Analytical results received from the first 23 stream sediment samples and 3 rock chip-channel samples include strongly anomalous results. These samples were taken by IMDEX/Cascabel and were analyzed by ALS Minerals.

Gainey’s exploration team found a new high-grade vein structure during their sampling work.  This structure is located 700 meters north, and on-strike of known mineralization in the “Golden Corridor” (Nueva Victoria - La Higuerita - Las Minitas areas), and may be the northern extension of the Golden Corridor. Analytical results from the structure include 24.5 g/t gold and 1,300 g/t silver. This new vein is hosted by an auto-brecciated rhyolitic dike.  These dikes are common features in low-sulfidation systems and are found throughout Gainey’s El Colomo property, up to several kilometres long and up to 60 meters or more in width. 

Larry Segerstrom, Director and Qualified Person of Gainey Capital, commented, “El Colomo shares key geologic features with some multi-million ounce gold-silver districts in Mexico’s Sierra Madre Occidental such as Dolores (Pan American Silver Corp.) and Ocampo (Minera Frisco, formerly AuRico Gold Inc.) in Chihuahua including multiple felsic intrusive events as well as styles of mineralization. The gold-silver mineralization observed in these felsic dikes, as well as their abundance and size, suggests a potential for numerous, undiscovered high-grade vein structures including the possibility of large volumes of low-grade, bulk tonnage mineralization on the property. Sampling has barely begun and we expect a number of previously undocumented mineralized zones and extensions of known zones to be found during this initial phase of our exploration program.” 

Stream sediment samples also returned a number of anomalous results, including one with 1.97 g/t gold and 4.30 g/t silver, which are very high concentrations for this type of sample and indicate the nearby presence of mineralization. The 23 stream sediment samples taken are the first of 288 planned samples representing 9% of the El Colomo concession, as the sampling is ongoing.

Rafael Gallardo, Senior Geologist of Minera Cascabel that led the recent work, commented, “El Colomo is one of the properties with the highest potential I've seen in my 31 years of exploration. I'm excited to see our soon to be defined drill campaign test these prospective targets in the coming months.” 

David Coburn, CEO of Gainey Capital commented, “The excellent results obtained from these first rock and stream sediment samples taken by our team indicate, and indeed, confirm, the high potential that the El Colomo project has for hosting a district-scale, low-sulfidation epithermal gold-silver deposit. This baseline work, along with the historical work completed by Asarco LLC (drill hole C-1, which intercepted 7.5 meters of 13.64 g/t gold and 899 g/t silver (31.6 g/t AuEq)), is integral to defining the first set of drill targets to be initiated shortly.” 

El Colomo Project

El Colomo is a highly prospective 18,766-hectare property with district-scale potential in a multi-million ounce gold and silver district. High-grade and bulk tonnage targets have already been identified through prior exploration and there are very strong indications of continuity between La Higuerita, La Nueva Victoria and Las Minitas (at least 2 km in strike length).

Qualified Person

Larry Segerstrom, P.Geo, a Qualified Person as defined by National Instrument 43-101, reviewed and approves the content of this release.

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company's Mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day and the company has the capability, including permitting, to upgrade to 600 tons per day with low capital expenditure. Additional information on Gainey Capital, its current operations and its vision is available on the Company's website at www.gaineycapital.com or from This email address is being protected from spambots. You need JavaScript enabled to view it. .

ON BEHALF OF THE BOARD OF DIRECTORS 

"David Coburn" 

David Coburn, Chief Executive Officer

For information, please contact the Company:

Phone: 480-347-8904    

E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.gaineycapital.com

FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

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Gainey has Received Goldplay’s First Material Shipment at its Processing Centre

VANCOUVER, BC / ACCESSWIRE / April 9, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX:  GNYPF) ("Gainey" or the "Company") is pleased to announce that it has signed a Confidentiality Agreement and Letter of Intent with Goldplay Exploration Ltd. (“Goldplay”) and is receiving mineralized material from one of Goldplay’s gold properties, which is located in the Rosario mining district in the State of Sinaloa, Mexico.

Goldplay is a Vancouver based, privately held, mineral exploration company with significant concession holdings in a prolific gold and silver mining belt in western Mexico that includes historical mines like the Rosario Mine (currently held by Peñoles), and operational mines such as La Trinidad Mine (Marlin Gold). Several multimillion ounce gold deposits exist in the Seirra Nevadas in this part of Mexico and include: Tayoltita (Primero), La Sienaga (Fresnillo) and Metates (Chesapeake). Goldplay is lead by geologist’s Freeman Smith and Frank Powell who have a record of recent discoveries throughout Latin America.

Goldplay’s properties are located in close proximity and easily accessible by road to Gainey’s 100%-owned processing centre. Gainey is receiving mineralized material to be bulk-sampled at the Company’s 300 tpd processing centre, which is the only one in the region with gravity and flotation circuits for optimized returns. Material processing allows Gainey to maintain its cash flow positive status in order to fund future exploration of the Company’s own assets.

Freeman Smith, President of Goldplay, commented, “We are lucky to have access to such an advanced processing centre in the Rosario mining district and are excited to work with Gainey to sample and process our materials as we are confident that the immediate synergies will translate into profits for all shareholders.”

David Coburn, CEO of Gainey Capital, commented, “Last week Goldplay toured Gainey’s processing centre at Huajicori and is expediting material. Gainey is very excited to be working with Goldplay’s team who has over 30 years of experience working throughout the Rosario mining district. This collaboration presents the opportunity to connect Gainey with other mining groups in the area, which could translate into a consistent flow of mineralized materials to our processing centre in the months and years to come.” 

Map showing the proximity of Goldplay to Gainey’s processing centre: http://gaineycapital.com/images/Gainey-Properties-NW-Mexico-New.jpg

About Goldplay Exploration

Goldplay is a private mineral exploration company comprising a group of experienced explorers and financiers with a track record of recent discoveries in Latin America. The group is responsible for the discovery and development of La Trinidad Mine in the Rosario Gold belt currently being mined by Marlin Gold. The Company has properties in Mexico and Central America and is currently focused in Rosario Sinaloa, Mexico, a prolific gold and silver mining belt. The Company's has advanced several properties in the Rosario area to the resource stage and is sourcing methods to advance its projects to the next stage.

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s Mill, located on its El Colomo property is capable of processing up to 300 tons of ore per day and the company has the capability, including permitting, to upgrade to 600 tons per day with low capital expenditure.  Additional information on Gainey Capital, its current operations and its vision is available on the Company’s website at www.gaineycapital.com or from This email address is being protected from spambots. You need JavaScript enabled to view it.

ON BEHALF OF THE BOARD OF DIRECTORS

    “David Coburn”

David Coburn, Chief Executive Officer

For information, please contact the Company:

Phone: 480-347-8904    

E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.gaineycapital.com

FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

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Gainey Grants Stock Options

Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce that, subject to regulatory approval and pursuant to the Company’s stock option plan, Gainey is offering up to a total of 2,500,000 incentive stock options to directors, officers, employees, and consultants of the Company.

 The options are exercisable at a price of $0.25 for a period of five years.

 About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s Mill, located on its El Colomo property property, is capable of processing up to 300 tons of ore per day and the company has the capability, including permitting, to upgrade to 600 tons per day with low capital expenditure.  Additional information on Gainey Capital, its current operations and its vision is available on the Company’s website at www.gaineycapital.com or from This email address is being protected from spambots. You need JavaScript enabled to view it. .

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GAINEY RECEIVING MATERIALS SHIPMENT FROM COSALA MINING CORP. OWNED BY IGNACIO ECHAVARRIA VALENZUELA

VANCOUVER, BC / ACCESSWIRE / June 3, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX:  GNYPF) ("Gainey" or the "Company") is pleased to announce that it has signed a Confidentiality Agreement with Ignacio Echavarria Valenzuela of Cosala Mining Corp. (“Cosala”). Gainey is in the process of receiving mineralized material from a number of Cosala’s concession holdings located in the Sierra Madre mining district in the state of Sinaloa, Mexico. This shipment of material is to be sampled and assayed at Gainey’s, 100%-owned, 300-tpd Processing Centre, which is in close proximity to Cosala’s properties.

Cosala is a privately held Mexican mining company, which is wholly-owned by Ignacio Echavarria Valenzuela, and has significant concession holdings in the highly prolific Sierra Madre mining belt located in Western Mexico.

The initial test shipment from Cosala will be comprised of mineralized vein material and tailings from their nearby properties. This preliminary material shipment will evaluate the economic feasibility of shipping to and processing at the Gainey,100%-owned, 300-tpd Processing Centre. Positive sample and assay results from this initial shipment will be followed by a subsequent shipment of 20,000 tonnes of production ready materials.

 Ignacio Echavarria Valenzuela, owner of Cosala, commented, “We’ve been eager to explore synergies between Cosala and Gainey for some time now. We’re excited to finally be entering into formal agreements to test, and potentially process, our materials at Gainey’s Processing Center, which is the best in the region with its upgraded gravimetric and floatation systems and facility efficiencies. We’re confident that this is the beginning of a long and significant working arrangement and look forward to collaborating with Gainey in the years to come.”

 David Coburn, CEO of Gainey Capital, commented, “We’re pleased to have such profound interest from local companies in the area like Cosala. We see this working relationship as an opportunity to expand operations at our processing centre and ramp up production. Gainey is ready to start processing Cosala’s first shipment at our 300-tpd processing centre, which can be expanded to 600-tpd if necessary. Establishing strong working relationships like this can open many doors and will only continue to increase the flow of incoming material to our Processing Centre in the coming year, which will benefit both local Mexican companies and our shareholders."

About Cosala Mining Corp.

Cosala Mining Corp. is a private Mexican mineral exploration company that is wholly-owned by Ignacio Echavarria Valenzuela. The company holds numerous mineral concessions located in the Sierra Madre mining district in the state of Sinaloa, Mexico.

 

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s Mill, located on its El Colomo property is capable of processing up to 300 tons of ore per day and the company has the capability, including permitting, to upgrade to 600 tons per day with low capital expenditure.  Additional information on Gainey Capital, its current operations and its vision is available on the Company’s website at www.gaineycapital.com or from This email address is being protected from spambots. You need JavaScript enabled to view it. .

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

    “David Coburn”

David Coburn, Chief Executive Officer

 

For information, please contact the Company:

Phone: 480-347-8904    

E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.gaineycapital.com

FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.