Giga Capital Corporation: Withdrawal of Proposed Transaction With Join Pacific Investment Ltd.

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THE UNITED STATES.


Giga Capital Corporation (TSX VENTURE:GIG.H) ("Giga" or the "Corporation")
announced today that it has decided not to proceed with its proposed Qualifying
Transaction with Join Pacific Investment Ltd. ("Join"), which was previously
announced on May 18, 2010. In addition, the previously announced private
placement of common shares of Giga will also not be proceeding, as the private
placement was to occur in connection with the transaction with Join.


Giga intends to identify and evaluate new businesses opportunities and seek
other qualified candidates with a view of completing a Qualifying Transaction
under the policies of the TSX Venture Exchange ("TSXV") in the future. All
potential transactions will be subject to the approval of the TSXV and there is
no assurance that a Qualifying Transaction will be completed.


Forward Looking Information 

Certain information in this news release is forward-looking within the meaning
of certain securities laws, and is subject to important risks, uncertainties and
assumptions. This forward-looking information includes, among other things,
information with respect to Giga's beliefs, plans, expectations, anticipations,
estimates and intentions in respect of pursuing new businesses opportunities
with a view of completing a Qualifying Transaction under the policies of the
TSXV. The words "may", "could", "should", "would", "suspect", "outlook",
"believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and
similar words and expressions are used to identify forward-looking information.
The forward-looking information in this news release describes Giga's
expectations as of the date of this news release.


By their nature, forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond the party's control including the impact
of general economic conditions, industry conditions, volatility of commodity
prices, currency fluctuations, environmental risks, competition from other
industry participants, the lack of availability of qualified personnel or
management, stock market volatility and ability to access sufficient capital
from internal and external sources, inability to meet or continue to meet
listing requirements on the NEX board of the TSXV, the inability to obtain
required consents, permits or approvals, failure to identify suitable candidates
for completion of a Qualifying Transaction, failure to complete a Qualifying
Transaction and the risk that actual results will vary from the results
forecasted and such variations may be material. 


Readers are cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation may prove
to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. Giga's actual results, performance or achievement
could differ materially from those expressed in or implied by, these
forward-looking statements and, accordingly, no assurance can be given that any
of the events anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what benefits Giga will derive therefrom. There
is no assurance that the necessary approvals for completion of a proposed
Qualifying Transaction. 


The forward-looking statements contained in this news release are made as of the
date of this news release. Except as required by law Giga disclaims any
intention and assume no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by applicable securities laws.