Carolina Capital Corp. (TSXV:CQC) announces expiration and termination of non-binding Letter of Intent for Joint Venture with IMG Gold Recovery Inc.

BC Plant Expansion and Revenue Share to Stay in Effect

(Not for dissemination in the United States of America)

VANCOUVER, Oct. 14, 2014 /CNW/ - Carolina Capital Corp. ("Carolina") (TSX Venture: CQC) reports that its non-binding Letter of Intent with IMG Gold Recovery Inc. ("IMG") has expired.  IMG has not met the closing conditions outlined in the terms of the original non-binding Letter of Intent dated April 7, 2014 (the "Original LOI").  The Carolina and IMG addendum dated July 24^th  whereby Carolina and IMG will revenue share on gross gold, silver and platinum at the expanded Burnaby plant will stay in effect.

ON BEHALF OF THE BOARD:

"Suzanne Wood"

Suzanne Wood
Director

Neither the TSX Venture Exchange Inc. 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.

SOURCE: Carolina Capital Corp.

Carolina Capital Corp. at: [phone]. Email: [email protected]