Mises Capital Corporation

Mises Capital Corporation

August 14, 2006 15:12 ET

Mises Capital Corporation Announces Receipt of Final Approval for Qualifying Transaction

CALGARY, ALBERTA--(CCNMatthews - Aug. 14, 2006) - Mises Capital Corporation (TSX VENTURE:MPP) ("Mises") is pleased to announce that, further to its press release of July 26, 2006, the TSX Venture Exchange ("TSXV") issued its final bulletin respecting Mises' Qualifying Transaction under the policies of the Exchange. Accordingly, commencing Monday, August 14, 2006, Mises will no longer be a capital pool company under the policies of the TSXV and will trade on the TSXV as a Tier 2 "oil and gas exploration and production" company under the symbol "MPP".

Mises acquired from Union Temporal Omega Energy ("UTOE"), as its Qualifying Transaction, an interest in the net profits earned on a maximum of 35 net bbls per day of crude oil production from the Bolivar - 1 well located on the 24,700 acre Buenavista exploration block located 200 km northeast of Bogota, Colombia in the Eastern Cordillera.

Mises also wishes to correct its press release of August 11, 2006 in respect of the number of stock options granted. Stock options exercisable into an aggregate of 208,333 common shares have been granted to two consultants, a director and an executive officer of Mises, not 244,000 as initially reported. These stock options will be exercisable into common shares of the Corporation at a price of $0.30 per share over a period of five (5) years.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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