Himalayan Capital Corp. Appoints Michael Schuler, VP Exploration

TORONTO, ONTARIO--(Marketwire - Jan. 31, 2012) - Himalayan Capital Corp. ("Himalayan" or the "Company") (TSX VENTURE:HIM) is pleased to announce the appointment of Mr. Michael Schuler as Vice President, Exploration. Mr. Schuler is a geologist with over 35 years' experience in mineral exploration worldwide. For the past 20 years he has held Executive and Senior geological positions and worked throughout South America. Mr. Schuler is based in Chile and will oversee an exploration and drilling program at the La Higuera Project, and will assist in reviewing potential new projects. Mr. Schuler holds a Bachelor of Science in Geology from the University of Idaho.

Himalayan President and Chief Executive Officer David O'Connor commented: "Mike brings to the Company a track record of success in addition to a wealth of relevant experience and ability. He is experienced in taking mineral projects from the exploration phase, through development of ore resources/reserves and to economic assessment stage. He has worked with our team in Chile before on the development of the El Espino project in Chile for Explorator Resources Inc., which he managed through to the preliminary economic assessment stage. This specific experience in the Iron Oxide Copper Gold (I.O.C.G.) belt of Chile will be valuable on the La Higuera Project, which has mineralization similar to El Espino."

In addition, the Company also granted 25,000 stock options to a consultant of the Company. The options have an exercise price of $0.30 per share and expire in 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 18^th 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 and completed geophysical work which has generated intense magnetic and chargeability anomalies coincident with existing copper workings.

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.