Almo Capital Corp. - News Release Regarding Diamond Drilling On Moore Property

    VANCOUVER, July 29 /CNW/ - With pleasure, Almo Capital Corp. announces
that further to the 43-101 F1 Technical Report dated 1st July 2002 on the
Moore Property in Barrier area in the Kamloops Mining Division, British
Columbia, the drilling results until now are as expected. Third hole is being
diamond drilled. On visual examination all the three holes have more than
30 percent sulphide. All the three holes have evidence of having copper along
with gold, lead, zinc and silver as reported in the assay result of one grab
sample in the news release dated May 2, 2006 and there may be other minerals
also. However, no assays for above minerals are conducted at the present time.
In due time, whenever the sampling and assays are done, the shareholders will
be informed.
    In the first drilling phase the Company is planning to drill minimum of
nine drill holes out of the thirty two holes as recommend by the Geophysicist.

    'Ram Vallabh'
    Almo Capital Corp.

    Disclaimer: The TSX Venture Exchange has neither reviewed nor accepts
    responsibility for the adequacy of this release.

    %SEDAR: 00013742E

For further information:

For further information: Ram Vallabh, President, Almo Capital Corp., Fax
(604) 681-3601, Phone (604) 873-8168

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