Galena Capital Corp.
TSX VENTURE : FYI

Galena Capital Corp.

February 21, 2012 09:30 ET

Galena Capital Corp. Acquires Bridge Loan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2012) - Galena Capital Corp. (TSX VENTURE:FYI) (the "Company"), announces that funds in the amount of $100,000 bearing interest at the rate of prime plus 4% per annum have been advanced to the Company as a loan for working capital.

In consideration of the loan, the Company will issue to the lender 400,000 common shares at a deemed price of $0.05 per share (the "Shares"). In accordance with securities legislation currently in effect, the Shares will be subject to "hold period" of four months plus one day from the date of issuance.

The aforesaid transaction is subject to acceptance by the applicable regulatory authorities.

About Galena Capital Corp.:

Galena has been reviewing numerous opportunities in the oil and gas and mining sectors to revitalize and add shareholder value.

ON BEHALF OF GALENA CAPITAL CORP.

Craig Lindsay, Director

Certain of the statements made in this news release may contain forward-looking statements within the meaning of applicable Securities law. We have made numerous assumptions about the material forward-looking statements and information contained herein, including among other things, the assumptions about the price of oil and gas, anticipated costs and expenditures and our ability to achieve our goals. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information will prove to be accurate. Forward-looking statements and information include, but are not limited to statements or information with respect to known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements and information. Such risks, uncertainties and other factors include, among others, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), and commodity price, interest rate and exchange rate fluctuations. Should one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements and information. Although we have attempted to identify factors that would cause actual results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actual results, performances, achievements or events to not be as anticipated, estimated or intended. Also, many of the factors are beyond our control. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly you should not place undue reliance on forward-looking statements or information. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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