Damon Capital Transfers to NEX

Damon Capital Corp. (the "Company") (TSX VENTURE:DAM.P) announces that, in
accordance with the policies of the TSX Venture Exchange (the "Exchange"), the
Company has not completed its qualifying transaction and applied for a transfer
to NEX which the Exchange has accepted. The Exchange has advised that soon after
this news release is disseminated that the Company's listing will transfer to
NEX with the issuance of an Exchange bulletin and the Company's Tier
classification will change from Tier 2 to NEX and remain suspended under the
symbol of DAM.H. In connection with the transfer to NEX, the Company has
cancelled its escrow shares issued to four non-arm's length parties in the
aggregate amount of 1,000,000 common shares, resulting in 5,987,3000 shares
issued and outstanding following the cancellation.


On behalf of the Board of Damon Capital Corp.

Joe Charland, Chief Executive Officer

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.


This news release includes forward looking statements that are subject to
assumptions, risks and uncertainties. Statements in this news release which are
not purely historical are forward looking statements, including without
limitation any statements concerning the Company's intentions, plans, estimates,
expectations or beliefs regarding the future. Although the Company believes that
any forward looking statements in this news release are reasonable, there can be
no assurance that any such forward looking statements will prove to be accurate.
The Company cautions readers that all forward looking statements, including
without limitation those relating to the Company's future operations and
business prospects, are based on assumptions none of which can be assured, and
are subject to certain risks and uncertainties that could cause actual events or
results to differ materially from those indicated in the forward looking
statements. Readers are advised to rely on their own evaluation of such risks
and uncertainties and should not place undue reliance on forward looking
statements.


Any forward looking statements are made as of the date of this news release, and
the Company assumes no obligation to update the forward looking statements, or
to update the reasons why actual events or results could or do differ from those
projected in the forward looking statements. Unless otherwise required by law,
the Company assumes no obligation to update any forward looking statements,
whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Damon Capital Corp.
Joe Charland
CEO
[phone]
[phone] (FAX)