Mincom Capital Inc. Announces Closing of Qualifying Transaction and Concurrent Private Placement

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Mincom Capital Inc. ("Mincom"), a Capital Pool Company ("CPC") trading on the
TSX Venture Exchange (the "Exchange") (TSX VENTURE:MOI.P), is pleased to
announce the closing of its previously announced qualifying transaction (the
"QT") with Focus Graphite Inc. ("Focus") and private placement for gross
proceeds of $184,699.50 (the "Offering") (for more information on the QT and
terms and conditions of the Offering, please consult Mincom's information
circular dated February 25, 2014 available on SEDAR at www.sedar.com). 


Qualifying Transaction 

The QT consists of the acquisition from Focus of all of Focus' rights, title and
interest in a series of 149 contiguous and 2 isolated map-designated mining
claims located in the Labrador Trough Territory of Quebec and collectively
referred to as the Romer property (the "Property"). 


Under the terms of the property acquisition agreement, Mincom acquired all of
Focus' rights, title and interest in the Property for the following
consideration:




(a) Cash payment of $250,000 to Focus; and                                  
                                                                            
(b) The issuance of 2,500,000 common shares of Mincom to Focus at a deemed  
    price of $0.30 per share for a total of $750,000.                       



Private Placement

Mincom proceeded today with the closing of the Offering for gross proceeds of
$184,699.50, and consisted of the sale and issuance of (i) 615,665 common shares
at a price of $0.30 per common share. The Offering closed concurrently with and
was conditional on the completion of the QT. The QT was also conditional on the
closing of the Offering. The Offering was not conducted through an intermediary.
Mincom paid a cash commission of $11,970 in relation to the private placement
and issued 39,900 non-transferable share purchase warrants exercisable at a
price $0.30 per share until May 8, 2015. 


Mr. Gary Economo, the President and CEO of Mincom, participated in the Offering
by purchasing 83,333 common shares, which constitutes a related party
transaction pursuant to TSX Venture Exchange Policy 5.9 and Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special
Transactions ("MI 61-101"). The Company relied on Section 5.5(a) of MI 61-101
for an exemption from the formal valuation requirement and Section 5.7(1)(a) of
MI 61-101 for an exemption from the minority shareholder approval requirement of
MI 61-101 as the fair market value of the transaction with Mr. Economo did not
exceed 25% of the Company's market capitalization. 


All securities issued in connection with the closing of the QT and the Offering
are subject to a regulatory four (4) month hold period ending on September 9,
2014. Following Exchange requirements, a total of 2,793,333 common shares issued
pursuant to the QT and the private placement will be escrowed. The QT and
Offering are subject to the final approval of the Exchange. 


About Mincom Capital Inc. 

Mincom is a CPC within the meaning of the policies of the Exchange. Mincom
commenced operations when it completed its initial public offering on February
6, 2012. Trading of Mincom's common shares on the Exchange is currently
suspended. It is anticipated that the common shares of Mincom will begin trading
on the Exchange shortly after the issuance of the Exchange's final Bulletin.
Once the QT and the Offering are duly completed, Mincom will commence operations
as a Tier 2 mining issuer focused on the exploration of the Property. 


Forward Looking Information 

This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. Such forward-looking information
includes information with respect to our goals, beliefs, plans, expectations,
anticipations, estimates and intentions. Forward-looking information is
identified by the use of terms and phrases such as "may," "would," "should,"
"could," "expect," "intend," "estimate," "anticipate," "plan," "foresee,"
"believe," and "continue," or the negative of these terms and similar
terminology, including references to assumptions. Please note, however, that not
all forward-looking information contains these terms and phrases.
Forward-looking information in this press release include, but is not limited
to, the closing of the QT and the anticipated benefits from the QT.
Forward-looking information is based upon a number of assumptions and is subject
to a number of risks and uncertainties, many of which are beyond our control.
These risks and uncertainties could cause actual results to differ materially
from those that are disclosed in or implied by such forward-looking information.
Important factors that could cause actual results to differ materially from the
Corporation's expectations are in our documents filed from time to time with the
TSX Venture Exchange and provincial securities regulators, most of which are
available at www.sedar.com. Consequently, all of the forward-looking information
contained herein is qualified by the foregoing cautionary statements, and there
can be no guarantee that the results or developments that we anticipate will be
realized or, even if substantially realized, that they will have the expected
consequences or effects on our business, financial condition or results of
operation. Unless otherwise noted or the context otherwise indicates, the
forward-looking information contained herein is provided as of the date hereof,
and we do not undertake to update or amend such forward-looking information
whether as a result of new information, future events or otherwise, except as
may be required by applicable law. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gary Economo
President and Chief Executive Officer
613-447-8521
geconomo@mincomcapital.com
Canadian Platinum Corp. (TSXV:CPC)
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