Quinto Real Capital Corporation

Quinto Real Capital Corporation

March 12, 2014 07:30 ET

Quinto Announces its Strategy for 2014

- Company holds 10% interest in the Monster Lake property

- Owns 4,000,000 shares of Perisson Petroleum Corporation

- Focus on acquiring and exploring gold properties

- Only 10,849,998 shares outstanding

MONTREAL, QUEBEC--(Marketwired - March 12, 2014) - Quinto Real Capital Corporation (TSX VENTURE:QIT) ("Quinto" or the "Company") is pleased to announce its strategy for 2014. The Company owns interests in promising projects, including a 10% interest in the Monster Lake property, owned by TomaGold Corporation and under option by IAMGOLD Corporation, and 4,000,000 shares of Perisson Petroleum Corporation, an oil and gas exploration company.

Monster Lake Property

The Company holds a 10% interest in TomaGold Corporation's Monster Lake property. In November 2013, IAMGOLD Corporation signed an option agreement with TomaGold to acquire a 50% interest in the Monster Lake, Winchester and Lac à l'eau jaune properties for $17.575 million, including $16 million in exploration and $1.575 million in payments over five years. Once IAMGOLD has acquired its 50% interest, the interests of TomaGold and Quinto will be diluted proportionately such that TomaGold and Quinto hold interests of 45% and 5%, respectively, in the Monster Lake property.

On February 27, 2014, TomaGold announced that IAMGOLD had started drilling on the Monster Lake property. This initial program of at least 6,000 metres of drilling mainly targets the 325 and Mégane zones, but will also test other drill targets identified by the high resolution airborne magnetic survey conducted in early February.

Perisson Petroleum Corporation

Quinto also owns 4,000,000 shares of Perisson Petroleum Corporation, an oil and gas exploration company. On February 10, 2014, Perisson announced an increase in the resources at its VMM-17 oil property in the Middle Magdalena Basin, in the Province of Tolima, central Colombia. A report prepared by Netherlands, Sewell & Associates, Inc. of Dallas, Texas, an independent qualified reserves evaluator, indicates that the VMM-17 property contains an estimated 32 million barrels of classified contingent resources and 350 million barrels of unrisked prospective resources.

Strategy for 2014: focus on gold projects

Quinto has been on the lookout since the beginning of the year for gold properties with strong exploration potential, with the intention of conducting exploration on any property it acquires.

"Quinto is in very good position, with our interest in Monster Lake and shares in Perisson, two promising projects that have the potential to enhance the Company's value," said Michael Curtis, President and CEO of Quinto. "We are also actively searching for opportunities with a focus on precious metals in North America."

This news release was reviewed and approved by Michael Curtis, President and Chief Executive Officer of Quinto.

About Quinto Real Capital Corporation

Quinto Real Capital Corporation is a Canadian-based mining exploration company focused on the exploration, evaluation and development of gold mining properties with a view to commercial production.

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 news release. The statements made in this news release that are not historical facts are "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those described in these "forward-looking" statements.

Contact Information