Bling Capital Corp. Announces Receipt of Conditional Approval for Qualifying Transaction, Filing of Filing Statement and Amendments to Private Placement

PRESS RELEASE

Bling Capital Corp. Announces Receipt of Conditional Approval for Qualifying Transaction, Filing of Filing Statement and Amendments to Private Placement

Calgary, Alberta, May 10, 2010 - Bling Capital Corp. (TSXV: BLI.P) (the “Corporation) is pleased to announce that further to the Corporation’s press release dated March 4, 2010, the TSX Venture Exchange (the “Exchange”) has conditionally approved the acquisition by the Corporation of a material interest in certain mineral exploration properties located in the Yukon Territory (the “Option”) as the “Qualifying Transaction” of the Corporation (as such term is defined in the policies of the Exchange). The closing of the Qualifying Transaction is anticipated to occur on May 19, 2010.

The filing statement of the Corporation dated May 7, 2010 (the “Filing Statement”), which describes the terms of the Option, has been filed with the Exchange and applicable securities commissions and is available on SEDAR under the Corporation’s profile at www.sedar.com.

The Corporation also announces revisions to the terms of the private placement initially announced by the Corporation by press release dated April 20, 2010 (the “Private Placement”), which is expected to close concurrently with the Qualifying Transaction. The revised terms of the Private Placement contemplate a non-brokered private placement of up to 5,000,000 units of the Corporation (the “Units”) at a purchase price of $0.125 per Unit for aggregate gross proceeds of up to $625,000 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 $0.225 per Common Share. All such securities shall be subject to a four month hold period commencing from the date of issuance.

The revised terms of the Private Placement have been incorporated into the Filing Statement and The Common Shares have been conditionally approved for listing on the Exchange subsequent to the closing of the Private Placement and the Qualifying Transaction.

In accordance with Exchange policy, the Common Shares of the Corporation are currently suspended from trading and will remain suspended until further notice.

For Further Information, Please Contact:

Bling Capital Corp.

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

Cautionary Statements

This news release contains forward-looking statements and information (“forward-looking statements”) within the meaning of applicable securities laws relating to the proposal to complete the proposed Qualifying Transaction and associated transactions, including the anticipated completion of the proposed Qualifying Transaction and Private Placement. Readers are cautioned to not place undue reliance on forward-looking statements. 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 proposed Qualifying Transaction and associated transactions, that the ultimate terms of the proposed Qualifying Transaction and associated transactions will differ from those that currently are contemplated, and that the proposed Qualifying Transaction and associated transactions will not be successfully completed for any reason. The statements in this press release are made as of the date of this release. The Corporation, does not undertake any obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation or its respective financial or operating results or (as applicable), the Corporation’s securities, except as otherwise required by applicable securities law.

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has in any way passed upon the merits of the proposed Qualifying Transaction and associated transactions and neither of the foregoing entities has in any way approved or disapproved of the contents of this press release.

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