Mises Capital Corporation

Mises Capital Corporation

April 30, 2007 19:33 ET

Mises Negotiates Repayment Terms of Net Profits Interest and Files 2006 Year End Results

CALGARY, ALBERTA--(CCNMatthews - April 30, 2007) - Mises Capital Corporation (TSX VENTURE:MPP) ("Mises") announces that it has finalised an agreement with its Colombian partners, Union Temporal Omega Energy ("UTOE"), for the repayment of the funds originally used by Mises to purchase a net profits interest in the producing oil well Bolivar -1, located on the Buenavista Block in Colombia. Mises acquired the net profits interest under a net profits interest agreement entered into in May 2006 by Mises and UTOE (the "NPI Agreement").

Following the expiry of the September 29th, 2006 extension agreement in connection with the repayment terms set out in the May 2006 commercial agreement between Mises and UTOE (the "Commercial Agreement"), Mises has been in negotiations with UTOE to obtain acceptable extension terms to allow it adequate time to raise funds for its share of costs relating to exploration and development activities, and to maintain all or a portion of its rights, in the Buenavista Block.

Following several months of discussions, Mises was unable to obtain acceptable extension terms from UTOE for its financing efforts, and has proceeded to exercise its pre-agreed right to request the return of its USD$ 1 million in purchase funds less certain break-up and extension fees. Under this new repayment agreement UTOE has agreed to (1) repay Mises USD$ 600,000 no later than May 24th 2007, and (2) cause the Colombian hydrocarbon agency to return to Mises its USD$ 110,000 guarantee no later than May 30th 2007, in exchange for Mises agreeing to the termination of all its existing rights and obligations relating to the Buenavista Block under the NPI Agreement, the Commerical Agreement and the governing operating agreement.

Mises also announces that it has filed its audited financial statements for the year ended December 31, 2006, together with the management's discussion and analysis with the Canadian regulatory authorities on SEDAR. This information may be accessed electronically at www.sedar.com.

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

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