Bling Capital Corp. Announces Proposed Pri vate Placement, Proposed Appointment of Director and Grant of Stock Options in Conjunction with Qualifying Transaction

PRESS RELEASE

Bling Capital Corp. Announces Proposed Private Placement, Proposed Appointment of Director and Grant of Stock Options in Conjunction with Qualifying Transaction

Calgary, Alberta, April 20, 2010 - Bling Capital Corp. (the “Corporation”) announces a proposed private placement of up to $250,000 to be completed concurrent with or prior to the completion of the Corporation’s proposed qualifying transaction announced on March 4, 2010 (the “Qualifying Transaction”). The Corporation further announces that it intends to appoint Timothy J. Termuende as a member of the Corporation’s board of directors and that the Corporation has granted an aggregate of 675,000 stock options to certain directors and officers of the Corporation.

Proposed Appointment of Director and Officer

In connection with the anticipated completion of the Qualifying Transaction, it is anticipated that Timothy J. Termuende will be appointed as a member of the board of directors of the Corporation and that Michael J. Perkins will be appointed as Corporate Secretary of the Corporation. It is anticipated that the Corporation will grant a total of 300,000 stock options to Mr. Termuende and Mr. Perkins concurrently with their appointment. The stock options shall be vest fully on the date of grant and have an exercise price of $0.15 per option and are exercisable for a period of five (5) years from the date of issuance.

The following is a brief description of the background and experience of Mr. Termuende and Mr. Perkins.

Timothy J. Termuende

Mr. Termuende is a professional geologist with over 30 years experience in the mineral exploration industry. Since earning his degree in Geological Sciences at the University of British Columbia in 1987, Mr. Termuende has worked on exploration projects throughout North, Central, and South America and the former Soviet Union. He is a co-founder and currently President and Chief Executive Officer of Eagle Plains Resources Ltd. and Copper Canyon Resources Ltd. and is a founding director of Northern Freegold Resources Ltd., all junior exploration companies listed on the TSX Venture Exchange Inc.

Mr. Termuende makes his home in Cranbrook, British Columbia, and has been continuously active in mineral exploration throughout western Canada since 1976. He currently arranges financings and oversees a broad range of ongoing exploration projects located throughout British Columbia, Yukon, NWT and Saskatchewan.

Michael J. Perkins

Mr. Perkins, is currently and has been a partner with Borden Ladner Gervais LLP, Barristers and Solicitors since July 2002. Between May 1991 and July 2002 he was a partner with Armstrong Perkins Hudson LLP Barristers and Solicitors (formally Ogilvie and Company), and prior thereto, he was a partner with Burstall Ward, Barristers and Solicitors, since April 1, 1988, and prior thereto, a partner with McCombe, Mainwaring, Perkins, Barristers and Solicitors, since February 1, 1985. Mr. Perkins practices law in the area of securities and capital markets, natural resources, and corporate and commercial law. In addition, he has acted as corporate secretary and/or director of over 20 public corporations listed on The Alberta Stock Exchange, Canadian Venture Exchange Inc., (now the TSX Venture Exchange Inc.), the TSX Venture Exchange Inc. and/or the Toronto Stock Exchange, engaged in the oil and natural gas, mining, industrial, technology and venture capital industries. Mr. Perkins is currently a director of Streetlight Intelligence Inc., which was formerly a CPC, and is the corporate secretary of several other companies listed on the Exchange, inclusive of Cobra Venture Corporation, which was formerly a CPC.

Mr. Perkins obtained his Bachelor of Arts in 1976 from the University of Calgary, and Bachelor of Laws in 1980 from the University of Alberta. He was admitted to practice law in the Province of Alberta in 1981.

Grant of Options

The Corporation announces the granting of 675,000 fully vested stock options to current directors and officers of the Corporation on April 8, 2010. The stock options permit each individual to purchase common shares of the Corporation (“Common Shares”) at an exercise price of $0.15 per option, a price which equals the close of market trading price on April 8, 2010, for a period of five (5) years from the date of issuance.

Private Placement

The Corporation intends to complete a non-brokered private placement (the “Private Placement”) of up to 2,000,000 units of the Corporation (the “Units”) at a purchase price of $0.125 per Unit for aggregate gross proceeds of up to $250,000 in conjunction with the acquisition of an irrevocable option to earn and acquire from BCGold Corp. (“BCGold”) up to an undivided seventy (70%) percent interest in certain mineral exploration properties (the "Toe Property") located in the Yukon Territory (the “Option”). Each Unit will consist of one (1) Common Share and one (1) Common Share purchase warrant (a “Warrant”), with each one (1) whole Warrant entitling the holder thereof to purchase, at any time during the twenty-four (24) month period commencing on the closing date of the Private Placement, one (1) Common Share at a price of $0.20 per Common Share.

The net proceeds of the Private Placement will be used by the Corporation to finance the exploration and development of the Toe Property, for general working capital purposes, and to pay costs associated with the completion of the Qualifying Transaction.

The Corporation’s shares are currently listed for trading on the Exchange. In accordance with Exchange policy, however, the Corporation’s shares are currently halted from trading and will remain halted until such time as determined by the Exchange, which, depending on the policies of the Exchange, may not occur until the Completion of the Qualifying Transaction.

For further information contact:

Bling Capital Corp.

Kevin V. Nephin, President and Chief Executive Officer (604) 824-6056

Cautionary Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the proposal to complete the Private Placement, the Option and the appointment of a director and officer, including statements regarding the terms and conditions of the Private Placemen and the Option, the use of proceeds of the Private Placement and the proposed terms of the appointment of the proposed director and proposed officer. Readers are cautioned to not place undue reliance on forward-looking statements. Forward-looking statements are based on certain key assumptions made by the Corporation, including assumptions regarding the ultimate terms of the proposed Private Placement, the Corporation coming to agreements with the proposed director and proposed officer that are satisfactory the Corporation and the proposed director and proposed officer, the satisfaction of conditions to the completion of the Private Placement and the Option and the receipt of all regulatory and stock exchange approvals. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Option, that the ultimate terms of the Option will differ from those that currently are contemplated, that the Option will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities), and that the Corporation is unable reach satisfactory arrangements with the proposed director and proposed officer. The forward-looking statements in this press release are made as of the date of this release and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements whether as a result of new information or otherwise, except as required by applicable securities laws. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation or its financial or operating results or (as applicable) their securities.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Option, any information released or received with respect to the Option may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

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

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.