Naina Announces Iron Ore Property Acquisition

NAINA CAPITAL CORP.

NEWS RELEASE

TSX Venture Exchange Trading Symbol: NAA

NAINA ANNOUNCES IRON ORE PROPERTY ACQUISITION

January 27, 2011

Vancouver, British Columbia. Naina Capital Corp. (“Naina” or the “Company”) (TSX-V: NAA) is pleased to announce that it has entered into an agreement (the “El Creston Agreement”) with Minera Copper Canyon de Mexico S.A. de C.V. (the “Owner”), an arm’s-length party, to acquire a 50% interest in the iron ore minerals located within a highly prospective iron ore property (the “El Creston Property”) located in Sinaloa, Mexico.

In order to earn its 50% interest, Naina is required to pay the Owner a total cash amount of USD$900,000 in stages: $10,000 upon execution, $50,000 within 5-days of regulatory approval, $50,000 on or before 6-months after regulatory approval; $100,000 on or before 12-months after regulatory approval, $190,000 on or before 18-months after regulatory approval and $500,000 on or before the earlier of: i) the preparation of a positive feasibility study on the El Creston Property; and ii) the commencement of commercial production on the El Creston Property. In addition, a total of 12,000,000 shares must be issued to the Owner in stages: i) 1,000,000 shares no later than 5-days after regulatory approval); ii) 500,000 shares 6-months after regulatory approval; iii) 500,000 shares 12-months after regulatory approval; iv) 1,000,000 shares 24months after regulatory approval; and v) 9,000,000 shares on or before the earlier of the presentation of a positive feasibility study and the commencement of commercial iron-ore production on the El Creston Property. A positive feasibility study and/or the commencement of commercial production must occur no later than 24-months after regulatory approval. The quantum of work conducted on the property is at the option of the Company subject to one of the aforementioned events occurring within 24 months of regulatory approval. Upon the Company having earned a fifty percent interest in iron ore minerals contained on the El Creston Property, the Company and the Owner shall jointly participate for the purpose of continued exploration and development work on the Property and/or the operation of one or more iron ore mines on the Property. This acquisition is subject to regulatory approval.

There will be no finder’s fees paid.

About the El Creston Property

The El Creston Property, comprising an area of approximately 500 hectares, is an iron prospect located north of the town of Choix, Sinaloa State, Mexico. The property is mainly characterized by skarn mineralization in metasediments accompanied by rich magnetite lenses of up to 3.5m thick. To date there are 12 known magnetite bodies occurring along an easterly arcuate zone near the northeast contact of the metasediments and granodioritic plutons. The magnetite lenses appear discontinuous but are sub-parallel to each other occurring along the zone that extends some 1000m along strike and across a width of 200m. The surface dimensions of the individual C206 – 9801 King George Blvd. Surrey, British Columbia Canada V3T 5H5

Phone 604-581-0004 Fax: 604-585-9606 E-Mail – [email protected]

• 2 -

magnetite lenses are presently being verified by mechanical trenching. Previous chip sampling of the magnetite bodies returned values ranging from 49.5% to 71.4% Fe. A ground magnetometer survey over the entire property has been completed and the Company is preparing for a diamond drilling program to further delineate the scope of iron mineralization.

Ruben Verzosa, P. Eng, a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information contained in this News Release.

ON BEHALF OF THE BOARD OF DIRECTORS OF NAINA CAPTAL CORPORATION

Wally Boguski, President/CEO

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Naina Capital Corp. which may cause actual results, performance or achievements of Naina Capital Corporation to be materially different from the results, performance or expectation implied by these forward looking statements. Such uncertainties include the completion of the acquisition of the El Creston property and the ability of Naina to finance its participation and earn a resulting interest in the El Creston property. Neither 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 press release, which has been prepared by management.

AC/1098922.1