Arranges increase in proceeds of previously announced private placement

Georgetown Capital Corp. NEWS RELEASE 600 – 1199 West Hastings Street, TSX Venture Exchange Vancouver, British Columbia Trading Symbol: GET.P V6E 3T5

Georgetown Capital Corp.

Arranges increase in proceeds of previously announced private placement

Vancouver, British Columbia – January 19, 2011 – Georgetown Capital Corp. (TSX-V:GET.P, the “Company”), is pleased to announce that further to its news release dated October 7, 2010, the Company has reached agreements in principle to increase its previously announced private placement financing to be completed in conjunction with its Qualifying Transaction from CDN$1,500,000 to CDN$2,050,000 (the “Private Placement”) at an intended price of CDN $.55 per share. The net proceeds of the Private Placement will be used to fund the acquisition of the Option to acquire a 60% undivided beneficial interest in the Tanacross mineral property in Alaska and other costs associated with the Qualifying Transaction, the work program recommended on the Tanacross Property, maintenance of the Tanacross Property and to provide general working capital.

On Behalf of the Board

“Ivan Bebek”

Ivan Bebek Director

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.

AC/969623.1