Formation Capital Corporation

Formation Capital Corporation

November 18, 2005 20:11 ET

Formation Capital Corporation: November 18 News Release Addendum

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 2005) - Formation Capital Corporation (Formation) (TSX:FCO). Further to the Company's news release dated today, the Company is providing the following additional information. The Bankable Feasibility Study is defined as a comprehensive engineering document designed to evaluate, among other things, the economic parameters of the deposit to the satisfaction of financiers for the purpose of securing funds for mine development. The Qualified Person working directly on the feasibility study is Mr. Mike Irish, Manager of Metallurgy, P.Eng., M.S. Met. Eng.

Formation Capital Corporation

Mari-Ann Green, C.E.O.

The statements contained in this news release in regard to Formation Capital Corporation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Capital Corporation's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.

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