Gainey Capital Corp.

NOT FOR DISSEMINATION TO US NEWS WIRES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

GAINEY CAPITAL CORP.

Suite 1820 – 999 West Hastings Street Vancouver, BC V6C 2W2 (604) 687-3992

NEWS RELEASE

Gainey Capital Corp. Announces Closing of Non-Brokered Private Placement

October 13, 2011 – Vancouver, BC. Gainey Capital Corp. (the “Company”) is pleased to announce that it has completed its recently announced non-brokered private placement offering (the “Private Placement”). The Company issued up to 2,577,929 common shares in the capital of the Company (the “Shares”) at a price of $0.155 per Share for gross proceeds of $399,579.

All Shares are subject to a four-month hold period following closing of the Private Placement.

The Company is a capital pool company (“CPC”) within the meaning of the policies of the TSX Venture Exchange and will use the proceeds of the Offering to identify and evaluate assets or businesses, for acquisition with a view to completing a Qualifying Transaction.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

On behalf of the board of GAINEY CAPITAL CORP.

Per: “David Coburn”

David Coburn Chief Executive Officer and Director

INVESTORS ARE CAUTIONED THAT TRADING IN THE SECURITIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY SPECULATIVE.

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.

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