MO.P

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VANCOUVER, Dec. 5, 2012 /CNW/ - Montan Capital Corp. ("Montan" or the "Company") (TSX-V: MO.P) is pleased to announce that it has successfully completed its initial public offering (the "IPO") of 3,000,000 common shares (each, a "Share") at a price of $0.20 per Share for gross proceeds of $600,000 (the "Proceeds").

Canaccord Genuity Corp. acted as agent (the "Agent") for the IPO. The Company paid the Agent a cash commission equal to 10% of the Proceeds and granted the Agent and its sub-agent an aggregate of 300,000 non-transferable warrants (each, an "Agent's Warrant"), each of which entitles the Agent and its sub-agent to purchase one Share at a price of $0.20 per Share for a period of 24 months from the date of the listing of the Shares on the TSX Venture Exchange Inc. (the "Exchange"). The Company also paid the Agent an administration fee. The Company also granted the Agent a right of first refusal to participate in any further brokered financing of equity or securities convertible into equity, or to provide sponsorship services for any Qualifying Transaction (as defined in the policies of the Exchange), for a period of 24 months from the date of the listing of the Shares on the Exchange.

Montan granted an aggregate of 800,000 stock options to its directors and officers, each of which is exercisable into one Share at a price of $0.20 per Share for a period of ten years from the date of the listing of the Shares on the Exchange.

The Company is a Capital Pool Company (as defined in the policies of the Exchange). The Company has not commenced operations and has no assets other than cash. The directors and officers of Montan are as follows:

Ryan Fletcher - President, CEO, CFO, Secretary, and Director

Mr. Ryan Fletcher has served as President, Chief Executive Officer, Chief Financial Officer, Secretary and a Director of the Company since August 16, 2011. Mr. Fletcher is currently a Director of Zimtu Capital Corp. ("Zimtu"), an investor in early stage companies with a focus on the resource sector. Mr. Fletcher originally joined Zimtu in 2009 as Manager Corporate Development and has been responsible for identifying and sourcing projects, structuring companies and investments, marketing group companies, capital raising and business development. Mr. Fletcher is a graduate of the University of British Columbia Okanagan with a Bachelor of Arts degree in Economics. Prior to joining Zimtu, Mr. Fletcher worked as a consultant for publicly-listed mineral exploration and development companies.

Michel Robert - Director

Mr. Michel Robert has served as a Director of the Company since August 16, 2011 and an audit committee member of the Company since August 16, 2011. Mr. Robert has over 34 years of professional experience in the mining industry. He previously served as Senior Vice President for Pan American Silver Corp. from 1995 to 2001. More recently, Mr. Robert was Vice President of Quinto Mining Corp. which was acquired by Consolidated Thompson Iron Mines Ltd. Mr. Robert is currently a director of Critical Elements Corp.

Ian Graham - Director

Mr. Ian Graham has served as a Director of the Company since August 16, 2011 and an audit committee member of the Company since August 16, 2011. Mr. Graham is formerly Chief Geologist with Rio Tinto Exploration from March 2006 until January 2009 and also consults to Western Potash Corp. as Evaluation and Project Development. Mr. Graham is a director at Commerce Resources Corp. Mr. Graham is also President and Director of Discovery Harbour Resources Corp., a private junior mining company.

Alfredo Ferrero - Director

Mr. Alfredo Ferrero has served as a Director of the Company since August 16, 2011 and an audit committee member of the Company since August 16, 2011. Mr. Ferrero is a partner at Navarro, Ferrero & Pazos Abogados law firm in Lima Peru. From 2003 to 2006 Mr. Ferrero was Peru's Minister of Foreign Trade and Tourism. Mr. Ferrero has a masters degree from Harvard University School of Law. From 2008 to 2012, Mr. Ferrero was a board member of Empresa de Distribución Eléctrica de Lima Norte S.A.A. (also known as Edelnor), a company registered in Peru and listed on the Lima Exchange. From 2008 to 2012, Mr. Ferrero was a board member of Corporación PECSA, a private company registered in Peru. Mr. Ferrero was Chairman of the board of Lima Cargo City, a private company registered in Peru, and since 2009 he has been Vice-Chairman.

The Company intends to use the net proceeds of the IPO to identify and evaluate potential Qualifying Transactions in accordance with the policies of the Exchange.

The Shares were listed for trading on the Exchange under the symbol "MO.P" on December 5, 2012, and were immediately halted pending closing of the IPO. The Company expects that the Shares will resume trading on Tier 2 of the Exchange under the symbol "MO.P" on December 7, 2012.

ON BEHALF OF THE BOARD

"Ryan Fletcher"   
Ryan Fletcher
President, Chief Executive Officer,
Chief Financial Officer and Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's listing of its common shares on the Exchange.  Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the shares resuming trading on December 7, 2012.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

SOURCE Montan Capital Corp.