GA Capital Corp. Announces Termination of Proposed Qualifying Transaction With Kimpar Resources Inc.

TORONTO, ONTARIO, Jun 01 (MARKET WIRE) --
GA Capital Corp. (TSX VENTURE: GAC.P) ("GAC"), a capital pool company as
defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange" or
"TSX Venture") announces the termination of the proposed "qualifying
transaction" with Kimpar Resources Inc. ("Kimpar"). As previously
disclosed GAC and Kimpar had entered into a letter of intent dated
December 18, 2008, as amended on each of March 31 and April 30, 2009 (the
"LOI") setting out the terms of the previously announced proposed
transaction with Kimpar, pursuant to which GAC intended to complete a
business combination with Kimpar (the "Transaction"). The LOI terminated
on May 31, 2009 and in accordance with the terms thereof was not extended
by GAC and Kimpar. Accordingly, the Transaction will not proceed.

GAC has also advised Kimpar of its obligation to repay the $200,000
secured loan (the "Loan"), together with accrued interest, that GAC had
previously provided to Kimpar. The Loan matured on May 31, 2009.

GAC will work towards identifying and completing a "qualifying
transaction". GAC expects its common shares to resume trading on the
Exchange on June 3, 2009.

Neither 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.

Contacts:
GA Capital Corp.
J. Allan Ringler
President & Chief Executive Officer
(647) 330-4711
ringler2805@rogers.com

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