Chairman Capital Corp. announces termination of Daymark transaction

SYMBOL - CMN.P

TORONTO, Oct. 30 /CNW/ - Chairman Capital Corp. ("Chairman") announced that Chairman and Daymak have terminated the letter of Intent ("LOI") entered into by Chairman and Daymak Inc. ("Daymak") on July 2, 2009 and that Chairman will not be proceeding with the Daymak qualifying transaction as previously announced. The termination was effected in accordance with the terms of the LOI.

The TSX Venture Exchange Inc. has in no way passed on the merits of this proposed transaction and has neither approved nor disapproved the contents of this press release.

ON BEHALF OF THE BOARD

CHAIRMAN CAPITAL CORP.

"Jonathan Aune"

Jonathan Aune, CEO

Additional information on Chairman Capital Corp. can be found at www.sedar.com.

SOURCE CHAIRMAN CAPITAL CORP.

For further information: For further information: Jonathan Aune, CEO, Chairman Capital Corp., (416) 361-1448

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CHAIRMAN CAPITAL CORP.

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