Gainey Capital Provides Update on Phase 1 Drill Program at the El Colomo Gold-Silver Project in Western Mexico

July 5th, 2016 – Vancouver, British Columbia – Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to report that the Company is in the process of completing the first three holes of its Phase 1 drill program on the La Nueva Victoria mineralized zone located within the El Colomo Gold-Silver Project (“El Colomo”) in Western Mexico.  As these first three holes are completed, and the drill core is assayed, the Company will disseminate results to the public.

As previously announced in the Company’s news release on May 25th, 2016, Phase 1 of the drilling program will comprise between 2,000 and 5,800 meters of HQ diamond core drilling and will focus on the La Nueva Victoria, La Higuerita, El Arrayan, and La Penita mineralized zones which are hosted within the El Colomo Project.

David Coburn, CEO of Gainey, commented, “We are extremely pleased with the drilling progress at the La Nueva Victoria mineralized zone thus far. We look forward to publicly disseminating the assay results as soon as they become available.”