Naina Capital Corp. Announces the Closing of Its Qualifying Transaction

NAINA CAPITAL CORP. NEWS RELEASE TSX Venture Exchange Trading Symbol: NAA

NAINA CAPITAL CORP. ANNOUNCES THE CLOSING OF ITS QUALIFYING TRANSACTION

November 5, 2010 – Vancouver, British Columbia. Naina Capital Corp. (“Naina” or the “Company”) (TSX-V: NAA) is pleased to announce that it has completed its qualifying transaction (“QT”) which was described in its news release dated October 27, 2010 and described in detail its filing statement dated October 26, 2010 which is available on SEDAR at www.sedar.com.

The trading symbol for the Company will remain the same (but without the ‘.P’ notation) when trading resumes on November 10, 2010 on the TSX Venture Exchange (the “Exchange”). The Company will no longer be considered a Capital Pool Company and will be classified as a Tier 2 “Exploration” company under the policies of the Exchange.

Tom Cat Claims

Naina has an option to earn up to a 100% interest in the Tom Cat Claims, a group of eight contiguous mineral claims covering an area of 3,142 hectares, located in the Nicola Mining District. In order to earn its interest in the property, the Company is required to pay the vendors $35,000 and 450,000 common shares over 2 years. The Company paid $10,000 upon the execution of the option agreement and it is required to issue 150,000 common shares by November 26, 2010. Additional option payments of $25,000 and 100,000 common shares are required on the first anniversary; and 200,000 shares must be issued on the second anniversary. If Naina acquires a 100% interest in the Tom Cat Claims from the optionors, the optionors will retain an NSR royalty of 2.0%, 1.0% of which may be purchased for $2,000,000 for 5years from the start commercial production.

New Management

The Company is pleased to announce the appointment of Wally Boguski, Laurence Sookochoff and Al Ruggiero as new members of the Company’s management to fill vacancies created by outgoing directors Leif Smither, Frank Lang and Ernest Crepnjak. The Company thanks Messrs. Smither, Lang and Crepnjak for their involvement with Naina. Mr. Navin Varshney will stay on a director of the Company, but resign as Chief Executive Officer. Mr. Boguski has been appointed as Chief Executive Officer and Mr. Ruggiero as Chief Financial Officer. Ms. Lisa Szutiak is the Corporate Secretary.

In conjunction with the change of management and the completion of the QT, a total of 1,600,000 common shares held under the Company’s CPC Escrow Agreement were purchased by Wally Boguski, Laurence Sookochoff, Al Ruggiero and Lisa Szutiak.

Non Brokered Private Placement

The Company has closed a $1,337,500 non brokered Private Placement and has issued3,821,428 units at a price of $0.35 per unit to eligible investors. Each unit consists of one common share and one-half of one share purchase warrant. One full warrant is required to purchase one additional common share for two years at a price of $0.50.

All securities issued under the private placement are subject to a four month hold period.

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For further information, please contact Wally Boguski, Chief Executive Officer at:

Telephone: (604) 580-9605, Facsimile: (604) 585-9606

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.