Himalayan Capital Corp.

February 21, 2012 05:00 ET

Himalayan Capital Corp. Appoints Catherine Gignac to the Board of Directors

TORONTO, ONTARIO--(Marketwire - Feb. 21, 2012) - Himalayan Capital Corp. ("Himalayan" or the "Company") (TSX VENTURE:HIM) is pleased to announce the appointment of Catherine Gignac to the Board of Directors of the Company. Ms. Gignac is a mining equity research analyst, most recently with NCP Northland Capital Partners. She has covered the mining and minerals sector, including large to small cap, precious and base metal mining companies, for 25 years with several leading Canadian brokerage firms. She is a frequent chairperson and speaker at industry conferences. With an Hons. B.Sc. Geology degree from McMaster University she started her career as an exploration geologist with Barrick Gold Corporation. She is a member and has served as President of the Mineral Resources Analyst Group, is a member of the CFA Institute, the Canadian Institute of Mining and Metallurgy, the Prospectors and Developers Association of Canada and serves on the CSA Administrators' Mining Technical Advisory and Monitoring Committee. In addition, she is a director of St Andrew Goldfields Ltd.

"I look forward to working with the Company's experienced team both in Canada and in Chile" stated Catherine Gignac. "The drilling programs now underway should advance the understanding and potential of this historic mining district."

"We are very excited to have Catherine join the team" stated Tony Wonnacott, Chairman of the Company. "Her previous experience, both from a technical perspective with her background in geology and her knowledge of the capital markets, will assist the Company's exploration and development of our La Higuera project and our recently acquired Caballo Blanco project."

In addition, subject to regulatory approval, the Company has granted Ms. Gignac options to purchase 100,000 common shares at an exercise price of $0.305 per common share, with such options being valid for five years.

About Himalayan Capital Corp.

Himalayan Capital Corp. is a mineral exploration company with the rights, through its wholly owned subsidiary Minera Azul Ventures Limitada, to acquire a 100% interest in a prospective copper-gold property in La Higuera, Chile (the "La Higuera Property"). The La Higuera Property, which is located approximately 600 kilometres north of Santiago, was assembled as a result of the first-time consolidation of mining rights in a historical copper-gold mining center and is located in a prolific I.O.C.G. belt surrounded by excellent infrastructure in a mining friendly jurisdiction.

The La Higuera Property covers a historic copper mining district with mining activity dating back to at least the late 18th century; however, there has been no known modern exploration conducted on the property. Since the consolidation of the mining rights in June 2011, Minera Azul has initiated a rock sampling program, completed geophysical work which has generated intense magnetic and chargeability anomalies coincident with existing copper workings and has commenced a 4,000 metre drill program.

Cautionary Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; market conditions; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the "Risk Factors" section of the Company's Filing Statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Himalayan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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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