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GAINEY CAPITAL ANNOUNCES PROPOSED NON-BROKERED PRIVATE PLACEMENT

on .

Gainey Capital Corp., subject to regulatory approval, proposes to issue up to 12.5 million units at a price of 20 cents per unit via a non-brokered private placement to raise gross proceeds of up to $2.5-million. Each unit will comprise one common share and one share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase an additional common share at a price of 30 cents for a period of two years. Finders' fees may be paid in connection with this offering.

Proceeds of the placement will be applied to costs related to the company's phase 1 exploration program in Nayarit, Mexico.

About Gainey Capital Corp.
Gainey Capital is a gold and silver exploration and development company exploring an aggregate of 18,766 hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. 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: 604-484-5144 E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


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.