Galena Capital Corp.: First Tranche of Private Placement Closes

Galena Capital Corp. (TSX VENTURE:FYI) (the "Company" or "Galena"), a Vancouver
based company listed on the TSX Venture Exchange (the "Exchange"), is pleased to
announce that it has completed the first tranche of a non-brokered private
placement consisting of  24,565,000 units at a price of $0.05 each for aggregate
gross proceeds of $1,228,250. The Company has paid a cash finder's fees in the
amount of $67,078.


Each unit consists of one common share and one-half of one transferable common
share purchase warrant. Each whole warrant entitles the holder to subscribe for
one additional common share at a price of $0.15 for a period of two years from
the date of closing, subject to the Company's right to accelerate the term of
the warrant if the volume-weighted average trading price of the Company's common
shares on the Exchange exceeds $0.30 for 10 consecutive trading days at any time
after September 21, 2010.


With the proceeds of this financing the Company intends to focus on cash flow
opportunities in the oil and gas sector and for general working capital. 


The shares and warrants in the private placement will be subject to a four-month
"hold period" under applicable Canadian securities legislation expiring on
September 22, 2010.


ON BEHALF OF THE BOARD OF DIRECTORS 

GALENA CAPITAL CORP. 

Arni Johannson, Chairman