Mises Capital Corporation

Mises Capital Corporation

May 11, 2006 18:32 ET

Mises Capital Corporation Closes Private Placement to Further Subscriptions

CALGARY, ALBERTA--(CCNMatthews - May 11, 2006) - Mises Capital Corporation (TSX VENTURE:MPP.P) ("Mises" or the "Corporation") announced today that it has closed its books to further subscriptions for its previously announced non-brokered private placement offering of common shares at $0.30 per share (the "Offering"). The Corporation received subscriptions for approximately $625,000, which proceeds will be released to the Corporation only upon formal closing of the Offering. It is anticipated that the closing of the Offering will occur immediately prior to the Corporation closing its previously announced proposed acquisition of an interest in certain producing oil & gas assets located in the Republic of Columbia (the "Acquisition"), subject to the approval of the TSX Venture Exchange (the "TSXV"). The proceeds of the Offering will be applied to the purchase price of the Acquisition and the working capital of the Corporation.

The Acquisition, once completed, is intended to be the qualifying transaction (the "Qualifying Transaction") of Mises in accordance with Policy 2.4 of the Exchange. Mises is currently negotiating formal agreements with the vendor for the Acquisition and preparing the requisite filing documentation required by the TSXV under Policy 2.4.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the common shares in the United States. The common shares will not be and have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States in the absence of registration or an applicable exemption from the registration requirements.

In accordance with TSXV policy, the common shares of Mises are currently halted from trading.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Qualifying Transaction and has neither approved nor disapproved the contents of this news release.

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