Giga Capital Corporation Announces TSX Venture Exchange Review

Giga Capital Corporation (the "Corporation") - (TSX VENTURE:GIG.H), a capital
pool company trading on the NEX board of the TSX Venture Exchange (the "TSXV"),
announces that the TSXV has concluded a compliance review of the Corporation and
has determined that the Corporation has contravened section 8.4 of TSXV Policy
2.4 (the "70/30 Rule") which provides that until completion of a Qualifying
Transaction, no more than the lesser of 30% of the gross proceeds from the sale
of securities issued by a CPC and $210,000 may be used for purposes other than
for the location and completion of a Qualifying Transaction. While the
Corporation has breached the 70/30 Rule, none of these expenses were prohibited
per TSXV Policy 2.4.


At the request of the TSXV, the Board of Directors has implemented an internal
control policy to ensure that the 70/30 Rule will not be contravened in
connection with the gross proceeds generated from any future sale of securities
while the Corporation remains a CPC.


The Corporation intends to continue to identify and evaluate businesses or
assets with a view to completing a Qualifying Transaction pursuant to the
policies of the TSXV. Any potential transaction will be subject to the approval
of the TSXV and there is no assurance that a Qualifying Transaction will be
completed. As at January 31, 2013, the Corporation has a cash position of $6,496
and a working capital deficiency of $100,524. The Corporation will need to
complete additional financing to sustain operations.


The Common Shares of the Corporation are expected to resume trading on NEX at
the open of trading on March 1, 2013.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Giga Capital Corporation
Frank B. Boyd
President and Chief Executive Officer
[phone]