STEM 7 Capital Inc. Announces Corporate Update and Update on Proposed Private Placement

STEM 7 Capital Inc. (TSX VENTURE:CI) (FRANKFURT:T9NB) (OTCBB:CNGZF) ("STEM 7" or
the "Company") announces a corporate update and an update on the Company's
proposed private placement previously discussed in the Company's press release
dated May 29, 2013 along with a summary of certain changes in the management and
directors of the Company.


Current Board and Management 

After a series of recent changes to the board, the current directors of the
Company are Mr. David McMillan, Mr. Tom Sweeney, Mr. Chad McMillan and Mr. Al
Fabbro. Mr. Sweeney was appointed to the board of directors on June 1, 2013, as
announced in a press release of the Company dated June 25, 2013.


The current management team of the Company is comprised of Mr. Sweeney, the
Executive Chairman, Mr. Sunil Sharma, Managing Director of the Company, Mr. Chad
McMillan, Managing Director of the Company, and Ms. Kelsey Chin, Chief Financial
Officer, Corporate Secretary and Director of Finance of the Company. Chad
McMillan resigned as President and Chief Executive officer of the Company
effective June 21, 2013.


The Company has entered into new employment agreements with each of Messrs.
Sweeney, Sharma and McMillan to reflect their roles as Executive Chairman and
Managing Directors, respectively, of the Company. Mr. Sweeny's employment
agreement took effect May 4, 2012 and each of Mr. Sharma's and Mr. McMillan's
employment agreements are effective June 25, 2013 and June 21, 2013,
respectively. In addition, the Company entered into a consulting agreement with
Ms. Chin pursuant to which Ms. Chin will provide the services of Director of
Finance of the Company. In addition, Ms. Chin continues to act in her capacity
as Chief Financial Officer and Corporate Secretary of the Company. 


COB and Proposed Private Placement 

As disclosed in the Company's press release dated May 29, 2013, the Company is
currently pursuing a non-brokered private placement bridge financing (the
"Private Placement") for aggregate gross proceeds of up to $ 800,000. The
Private Placement shall consist of the offering of up to 16,000,000 units
("Units") at a price of $0.05 per Unit, with each Unit consisting of one common
share in the capital of the Company and one common share purchase warrant
exercisable at a price of $0.10 per warrant for a period of two years from the
date of issuance.


The net proceeds from the Private Placement will be used for general working
capital purposes and to complete the proposed COB transaction. Specifically, the
Company anticipates that approximately $380,000 of the net proceeds will be used
to pay salaries (both accrued and ongoing) of management of the Company,
$160,000 will be used to re-pay certain related party loans, and the balance of
the net proceeds will be used or general working capital and expenses associated
with the COB process.


About STEM 7 Capital Inc. (Previously "Canada Gold Corporation")

Pursuant to the Policy 5.2 - Changes of Business and Reverse Takeovers of the
TSX Venture Exchange Corporate Finance Manual, the Company is changing its
business to become a publicly traded, global investment company, with offices
located in Toronto, Vancouver, and Dubai. The Company's business is focused on
facilitating and making direct co-investments with its international partners
under three themes: (i) international joint ventures, licensing opportunities
and subsidiaries that bring innovative technologies to emerging and frontier
markets; (ii) investment opportunities that connect high growth companies in
emerging economies with other emerging economies and the west; and (iii)
investments in entrepreneurs as co-investments with international partners: both
those entering Canada (with a focus on the recently launched Canadian Startup
Visa initiative which allows for internationally-sourced entrepreneurs to gain
fast-tracked permanent residency in Canada in partnership with qualified
Canadian investors), and their international counterparts in specific global
markets. STEM 7 will provide angel investors, venture capitalists, private
technology based investment funds, sovereign funds, and the general investing
public with a public vehicle through which these groups can participate in the
rapid globalization of creativity, invention and innovation in a wide range of
technology sectors, food and water security and strategic infrastructure
opportunities: sourced and facilitated through management's extensive global
partnership network in established and emerging markets.


Completion of the Private Placement and the COB is subject to a number of
conditions, including but not limited to, TSX Venture Exchange ("TSXV") approval
and, in the case of the COB, approval of the shareholders of the Company. There
can be no assurance that either the Private Placement or the COB will be
completed as proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the COB, any
information released or received with respect to the COB may not be accurate or
complete and should not be relied in.


The TSXV has in no way passed upon the merits of the proposed Private Placement
or the proposed COB and has neither approved nor disapproved of the contents of
this press release.


On behalf of the Board,

Tom Sweeney, Executive Chairman, Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
STEM 7 Capital Inc.
Tom Sweeney
+971 56 101 2730


STEM 7 Capital Inc.
Sunil Sharma
+1 416 726-6976


STEM 7 Capital Inc.
Chad McMillan
+1 604 685-5851
ir@stem7capital.com
(TSXV:CI)
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