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Gainey Issues Clarifying News Release

VANCOUVER, BC / ACCESSWIRE / June 16, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX:  GNYPF) ("Gainey" or the "Company") is issuing the following news release, as a result of a review by the British Columbia Securities Commission (“BCSC”), to clarify our disclosure. Gainey is issuing the following news release to clarify non-compliant disclosure.

On Gainey’s website, under the heading: Investors – Analyst Coverage, there was a hyperlink to a June 13, 2014 article by an analyst that erroneously stated that Gainey had a current resource on the El Colomo property. There are no current mineral resources on the El Colomo property. The analyst’s article did not refer to the NI 43-101 Technical Report on Gainey’s El Colomo property authored by David G. DuPre and filed on June 27, 2012. As Mr. DuPre states on page 48 of the report, which can be found on SEDAR, “The available drill data, surface sampling and test mining/milling are of historical significance only. It does not meet NI 43-101 criteria and thus, no Mineral Resource or Mineral Reserve Estimate can be assigned to the property by the author.” This hyperlink has been removed from Gainey’s website.

Portions of the Gainey website and the Gainey Corporate Presentation contained historic estimates for La Nueva Victoria and La Higuerita, which were not compliant with NI 43-101 requirements governing the disclosure of historic estimates. The portions of the corporate presentation that were non-compliant were on slides 9, 12 & 14. The sections of the website that were non-compliant were as follows:

•           Projects – El Colomo – Highlights 

•           Projects – El Colomo – Map titled, “A Prolific Mining District”  

•           Projects – El Colomo – La Nueva Victoria

•           Projects – El Colomo – La Higuerita

•           CEO Blog – September 30 2014 entry                                                                               

Specifically, these portions of the website and corporate presentation lack comments on the relevance and reliability of the historical estimates for La Nueva Victoria and La Higuerita, discussion of the assumptions, parameters and methods used in preparing these estimates, and comments on what work needs to be done to upgrade or verify these historical estimates as current mineral resources.

The historical estimate done by Robert Holladay in the year 2000 for La Nueva Victoria and reported in an internal Golden Anvil company report is not reliable for various reasons. The data used in this estimate came from closely spaced surface trenches that confirmed near-surface continuity along strike, but the shallow holes drilled by ASARCO in 1993 did not provide enough data to substantiate the down-dip continuity projections that were made by Holladay in his estimate. Also, for the drill sampling and assaying conducted on behalf of ASARCO, no information was found confirming the size of the drill holes, the initial weight of the samples, the methods and personnel used in splitting the samples, the security of the samples on site, or of the assayer. In this historical polygonal estimate, categories other than the ones defined by NI 43-101 were used; the categories of reserves and resources used are not compliant with CIM Definition Standards and are unreliable as discussed above.

Likewise, the historical estimate done by Jose Bravo Nieto in 1997 for La Higuerita is not reliable. Although surface sampling is dense, only one hole by ASARCO was drilled in the zone.  Mr. Bravo-Nieto’s estimate assumed a vertical continuity of 100 meters, which was not substantiated.

In conclusion, a qualified person has not completed sufficient work to classify the historical estimates for La Nueva Victoria and La Higuerita as current mineral resources or mineral reserves, and the Company is not treating these historical estimates as current mineral resources or mineral reserves.  A careful program of trenching and diamond drilling, designed and supervised by a qualified person, is needed to verify these historical estimates and perhaps upgrade them to current mineral resources. 

In addition to the non-compliant disclosure of historic resources, the Company used a regional map in the company presentation and website that contained non-compliant disclosures of mineral resources of nine properties held by other issuers in the Sierra Madre Occidental Trend.  This map was on slide 5 of the company presentation and in the website it was at the bottom of the Projects – El Colomo – Highlights page. On this regional map, the company disclosed mineral resources and mineral reserves that did not comply with NI 43-101. Specifically, in its statement of the resources for the nine properties, the Company did not use the applicable mineral resource and mineral reserve categories set out in NI 43-101, did not report each category of mineral resources and mineral reserves separately, did not state the extent to which mineral reserves were included in total mineral resources, erroneously added inferred mineral resources to the other categories of mineral resources, and did not state the grade or quality and the quantity for each category of the mineral resources and mineral reserves.  In addition, the Company stated metal equivalent grades without also disclosing the grade of each metal used to establish metal equivalent grade. In addition, this disclosure of mineralization found on properties in the same mineral trend was potentially misleading because the Company did not state as a caution that the disclosures regarding nearby properties did not imply that the Company could obtain similar results from El Colomo. The Company has removed the non-compliant resource disclosures on the regional map on its website.   

The final non-compliance issue to discuss in this news release is that the Company did not name the qualified person responsible for the technical information disclosed in either the Company website or the presentation.  

This news release was prepared by Lawrence Segerstrom, a Director of the Gainey Capital Corp. and a Qualified Person under NI-43-101.

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 Receiving Second Tranche of Mineralized Material from Goldplay

VANCOUVER, BC / ACCESSWIRE / June 23, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX:  GNYPF) ("Gainey" or the "Company") is pleased to announce that it is receiving its second shipment of mineralization material from another one of Goldplay Exploration’s (“Goldplay”) gold properties, which is located in the Rosario mining district in the State of Sinaloa, Mexico. Goldplay’s first material shipment to Gainey’s 100% owned, 300tpd processing centre in Huajicori, Mexico resulted in successful completion of bulk-sampling activities. Goldplay has initiated a second shipment to follow up on positive sampling results from the first material shipment announced April 9, 2015: Gainey has Received Goldplay’s First Material Shipment at its Processing Centre.

The second tranche of mineralized material is to be bulk-sampled at Gainey’s 300tpd processing centre located in Huajicori in the state of Nayarit, Mexico, which is in close proximity and easily accessible by road to Goldplay’s properties. Gainey’s processing centre is the only one in the region with gravity and flotation circuits for optimized gold and silver recovery rates. Gainey’s processing centre can support a second 300tpd ball mill to increase throughput capacity to 600tpd when the company is ready for further expansion.

David Coburn, CEO of Gainey Capital, commented, “I am very pleased with the type of mineralized material we have seen coming from Goldplay’s gold properties. It has been a pleasure to work with Goldplay’s strong geological team, which is headed by Frank Powell who has extensive knowledge of the Rosario area and surrounding mineralized properties in the states of Sinaloa and Nayarit in Western Mexico. We’re in ongoing discussions with Goldplay on a number of business scenario’s in order to continue our strong working relationship.”

 

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 Commences Detailed Mapping and Sampling Program to Identify Drill Targets at its El Colomo Property

VANCOUVER, BC / ACCESSWIRE / July 7, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX:  GNYPF) ("Gainey" or the "Company") is pleased to announce that is has commenced a detailed mapping and sampling program at its 100% owned, 192-km2, El Colomo property (the “Property”), located in the Sierra Madre Occidental Trend in Western Mexico, in order to identify drill targets for its exploration program that is planned to commence Q4 2015.

Within Gainey’s El Colomo property an area known as the ‘Golden Corridor’, a 1 km wide and 3 km long zone containing many of the property’s historic mine workings, will be mapped and sampled in detail with the objective of identifying priority drill targets for its phase 1 drill program commencing Q4 2015. The ‘Golden Corridor’ contains 21 prospects of bulk-tonnage as well as high-grade epithermal gold-silver mineralization. 

David Coburn, CEO of Gainey Capital commented, “We are very excited to be moving forward with a detailed mapping and sampling program to identify key drill targets at our El Colomo mineral concessions. We have strategically aligned ourselves with the local Indian community and put in tremendous effort to garner their ongoing support, which has allowed the company to seamlessly advance to this stage of our exploration program. We look forward to their ongoing support of our exploration activities at El Colomo and advancing the project to the next stages of exploration.”

El Colomo Project

El Colomo is a highly prospective 192-km2 property with district-scale potential in a multi-million ounce gold and silver belt. 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

Lawrence Segerstrom, a Director of the Gainey Capital Corp. and a Qualified Person under NI-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 192-km2 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 Discovers 3 New Anomalies from its Stream Sediment Sampling Program at its El Colomo Property

VANCOUVER, BC / ACCESSWIRE / July 15, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX:  GNYPF) ("Gainey" or the "Company") is pleased to announce that is has identified 3 gold anomalies through the company’s steam sediment sampling program at its 100% owned, 192-km2, El Colomo property that is located in the Sierra Madre Occidental Trend in Western Mexico.

The first 35 stream sediment samples were collected over a 7-day period in the northwestern portion of the El Colomo mineral property in an area called La Chata. These samples resulted in 3 gold anomalies, including: 74 ppb (“parts-per-billion”), 17 ppb and 115 ppb. The anomalies were found in an area, 1.5-km wide by 2.5-km long, of strongly argillically altered and iron stained volcanic rocks cut by multiple northwest-trending quartz veins. 

This altered area, called Las Lajitas-Masparillo, appears to be on-strike with, and may be an extension of, the “Golden Corridor” (Nueva Victoria, La Higuerita, Las Minitas and El Arayan concessions), an area of known mineralization 7-km to the southeast.  Follow-up fieldwork, starting with mapping and outcrop sampling, will be incorporated into Gainey’s 2015 exploration plan.         

David Coburn, CEO of Gainey Capital commented, “These early results are very promising as they indicate that the mineralization at the Golden Corridor may continue along the same structural zone into the La Chata area, at least 7-km to the northwest. Also, the anomalies suggest the presence of a parallel mineralized zone 2-km east of the Golden Corridor, which greatly broadens our target area. We are very pleased with the discovery of these 3 anomalies as they offer Gainey new, highly prospective areas to add to the company’s exploration plan this year.”  

El Colomo Project

El Colomo is a highly prospective 192-km2 property with district-scale potential in a multi-million ounce gold and silver belt. 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

Lawrence Segerstrom, a Director of the Gainey Capital Corp. and a Qualified Person under NI-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 192-km2 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.