SOURCE: City Capital Corp.

June 13, 2007 18:30 ET

City Capital Terminates Credit Facility Agreement With The Lucian Group

ROCHESTER, NY--(Marketwire - June 13, 2007) - City Capital Corporation (OTCBB: CCCN) has announced its decision to terminate the Credit Facility Agreement it has had in place with The Lucian Group since October 2006. The termination became effective June 12, 2007.

"Our $50,000,000 funding agreement with Lucian was the right thing at the right time for City Capital," said Ephren W. Taylor II, Chairman & CEO. "However, it no longer serves our needs as well as it did originally. Lucian has performed well for us and we are currently exploring other funding options with them that will be more beneficial to our company's growth, along with proposals from several other interested funding organizations."

The Lucian Group, Inc. is a financial services firm engaged in individual and institutional portfolio management, and estate planning. The Lucian Group, Inc., 36 West Main Street Suite 600, Rochester, NY, 14614.

About City Capital

City Capital Corporation (OTCBB: CCCN) is engaged in leveraging investments, holdings and other assets to create self-sufficiency for communities around the country and the world. City Capital currently manages diverse assets and holdings ranging from large scale real estate developments, such as the Kansas City (Missouri) Historic Jazz District, to approximately 8 billion cubic feet of producing West Delta gas reserves and more. City Capital, founded in 1984, recently announced a dividend for the first quarter of 2007, the first in its history.

This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties, including those described in the Company's annual report on Form 10-K for the year ended December 31, 2006, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements.

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