GNCC Capital, Inc. Provides Updates on Its Reorganization

GNCC Capital, Inc. (OTCBB:GNCP) (“The Company”) updates on its reorganization as set out in a press release dated June 11, 2014.

The Company is being reorganized as a Holding Company with its wholly owned subsidiaries being initially engaged in Mining Exploration as well as in two other unrelated Industry Sectors. This reorganization process will be completed by close of business on June 19, 2014.

In order to complete upon the series of acquisitions unrelated to Mining Exploration, the Company was required to reorganize.

The first in an expected series of acquisitions to be announced in the week commencing Monday June 23, 2014.

ISSUANCE OF SHARES OF SERIES B PREFERRED STOCK

On June 17, 2014, the Company issued an initial amount of 3,769,649 shares of Series B Preferred Stock at a price of $1.00 each. A number of the existing outstanding Convertible Loan Notes as well as Loans to the Company were cancelled and replaced with the shares of Series B Preferred Stock. This resulted in an immediate initial reduction of $3,769,649 of the Company’s short and long term debt.

The company, in its current fiscal year, commencing October 1, 2013, to date, has eliminated a total amount of $11,125,385 in short and long term debt, primarily through the issuance of shares of Series A Preferred Stock and shares of Series B Preferred Stock and to a lesser extent, the issuance of shares of its Common Stock.

Full details were filed by the Company on the OTC Markets Disclosure Service.

ACQUISITION OF FURTHER MINING EXPLORATION PROPERTIES

The Company confirms that its acquisition of the “Alamo, North Rawhide and McCracken” Mining Exploration Properties will be completed on June 19, 2014. The Company will be acquiring these properties through a wholly owned subsidiary company of the Company, Walker Lane Exploration, Inc. The full acquisition price of these properties will be through the issuance of recently authorized shares of Series C Preferred Stock.

The Company is significantly increasing the size and scope of its Mining Exploration Properties through these acquisitions.

ASSIGNMENT OF “WHITE HILLS” EXPLORATION PROPERTIES TO WHITE HILLS EXPLORATION, INC.

The company will complete on June 19, 2014, the assignment of its entire rights, title and interest in its “White Hills” Exploration Properties to White Hills Exploration, Inc., a wholly owned subsidiary of the Company.

ASSIGNMENT OF “ESTER BASIN, KIT CARSON, BURNT WELL, CLARA, SILVERFIELDS AND POTTS MOUNTAIN” EXPLORATION PROPERTIES TO MOHAVE CONSOLIDATED EXPLORATION, INC.

The Company will complete on June 19, 2014, the assignment of its entire rights, title and interest in its “Ester Basin, Kit Carson, Burnt Well, Clara, Silverfields and Potts Mountain” Exploration Properties to Mohave Consolidated Exploration, Inc., a wholly owned subsidiary of the Company.

THE FILING OF THE SECOND QUARTERLY REPORT

Upon the completion of these material transactions on June 19, 2014, the Company will be in a position to complete and file its Second Quarterly Report. This will clearly reflect the post reporting period transactions and their effect upon the company’s financial statements.

The Company will continue to publish various updated reports on these transactions on the OTC Markets, stockholders are advised to review these various reports as they are filed. Stockholders will also be updated accordingly as this process continues.

About GNCC Capital, Inc.:

GNCC Capital, Inc. is primarily a Gold Exploration Company, with a secondary focus on Silver Exploration. The initial exploration properties are located in Arizona and consist of “White Hills, Esther Basin, Burnt Well, Clara, Kit Carson, Silverfields and Potts Mountain". The Company intends to create significant value for its initial portfolio of properties through continued exploration, joint ventures, and through the acquisition of additional Gold and Silver Exploration assets. GNCC Capital, Inc. is a Current Information Filer on the OTC Markets.

Forward-Looking Statements:-

This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.

GNCC CAPITAL, INC.N.E. “Ted” Blom, 702-951-9793President & CEOcorporate@gncc-capital.comorInvestor Relations:investor@gncc-capital.comWeb Site: www.gncc-capital.comTwitter: https://twitter.com/GNCCCapital[We would be very appreciative if all investor questions be directed to this E mail address and not to our telephone voicemail until such time as we have appointed a dedicated Investors Relations Firm whom will deal with all telephonic enquiries]

GNCC Capital (CE) (USOTC:GNCP)
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