Humboldt reports $8.2 million earnings for the nine months ended September
30, 2009

CALGARY, Nov. 30 /CNW/ - Humboldt today reported earnings of $8.2 million or $0.67 per share for the nine months ended September 30, 2009. Humboldt also announces that its net asset value totalled $38.7 million or $3.16 per share at September 30, 2009.

Humboldt's cash and cash equivalents were $14.7 million at the close of the reporting period.

Highlights

    
                                              Nine Months Ended September 30
                                            ---------------------------------
    (Thousands, except per share amounts)       2009        2008        2007
    -------------------------------------------------------------------------
    Earnings (Loss) and comprehensive
     income (loss) for the period           $  8,163    $(10,859)   $(12,591)
    Earnings (Loss) per share, basic and
     diluted                                $   0.67    $  (0.88)   $  (1.01)
    Dividend Paid                           $  3,042    $      -    $      -
    Dividend Paid Per Share                 $   0.25    $      -    $      -

    Share capital                           $  2,033    $  2,048    $  2,076
    Retained earnings                       $ 35,291    $ 41,916    $ 55,107
    Shareholders' equity                    $ 38,664    $ 45,304    $ 58,313

    Cash and cash equivalents               $ 14,699    $ 22,621    $ 10,609

    Shares outstanding                        12,120      12,207      12,384
    Net asset value per share, diluted      $   3.16    $   3.64    $   4.56
    -------------------------------------------------------------------------
    

Humboldt's Financial Statements and Management's Discussion and Analysis for the nine months ended September 30, 2009 have been filed on SEDAR and can be found on Humboldt's website at www.humboldtcapital.com.

Forward-looking statements - the press release today contains "forward-looking" information. Actual results could differ materially from the conclusions, forecasts or projections in the forward-looking information. Certain material factors and assumptions were applied in drawing the conclusions or making the forecasts or projections as reflected in the forward-looking information. Additional information about the material factors that could cause actual results to differ materially from the conclusion, forecast or projection in the forward-looking information and the material factors or assumptions that were applied in drawing the conclusion or making the forecast or projection as reflected in the forward-looking information is contained in the press release.

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.

SOURCE HUMBOLDT CAPITAL CORPORATION

For further information: For further information: R.W. Lamond, Chairman of the Board - or - C.A. (Tony) Teare, Executive Vice President, HUMBOLDT CAPITAL CORPORATION, Telephone: (403) 269-9889, Fax: (403) 269-9890, TSX-V: HMB

Organization Profile

HUMBOLDT CAPITAL CORPORATION

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