99 CAPITAL CORPORATION UPDATE ON ACQUISITION

Trading Symbol:  WDG - (TSX.V)

VANCOUVER, Nov. 2 /CNW/ - 99 Capital Corporation (the "Company") is pleased to announce that the due diligence work is progressing well for the Giyani Gold Project - an acquisition which was previously announced by the Company in a news release dated October 6, 2010.

The acquisition process is proceeding according to plan with the relevant regulatory document filing process to begin within the next few weeks. As a result, the deadline for the closing of the acquisition has been extended until November 29, 2010.

Alexander Helmel, President and Chief Executive Officer of the Company stated "We remain extremely excited about the project and the prospect of completing the acquisition of the Giyani land package. During a recent trip to the Giyani Greenstone Belt, management was able to further explore this area and was very impressed with the quality of assets and condition of the existing machinery on site."

About the Giyani Gold Project: This strategic land package covers a key geologically prospective gold region of the world. Located in the northeast part of South Africa, the Giyani Greenstone Belt represents a historically under-explored region of the country and key industry development initiative for the Chamber of Mines of South Africa and the Geological Society of South Africa. The properties are all located within a 13 km long corridor of the highly prospective Giyani Greenstones that host considerable past production and exploration potential.  

All technical information contained in this release is of historical nature and has not or could not be verified by the Company.  Readers are cautioned to not rely on this information.

The Company's director, Mr. James A. Turner, a Qualified Person as defined by National Instrument 43-101, has read and approved the information contained herein.

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 news release.

On behalf of the Board of
99 Capital Corporation,

"Alexander Helmel"
Alexander Helmel,
President & CEO

This news release contains forward-looking statements regarding the future success of the business of the Company that is subject to risk and uncertainties.  Examples of such forward-looking statements including, but are not limited to, statements concerning the Company's acquisition of the interest in the Giyani Gold Project, expectations concerning the timing and success of exploration activities generally, government regulation of exploration and mining operations, indications and benefits of exploration, drilling test work and engineering assessments, environmental risks, tile disputes or claims, and the Company's intention to raise additional capital and financing.  These forward-looking statements involve known and unknown risk and uncertainties that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements.  These risks include risks related to dependence on key personnel, competition, risks related to newly acquired businesses, uncertainty and dilution of additional financing and ability to service debt, as well as the risk factors described in the Company's Management Discussion and Analysis filed on SEDAR at www.sedar.com, and the risks to be described in any Management Information Circular. The forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement.  Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

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For further information:

Alexander Helmel, President at 604-676-4133