GA Capital Corp. Announces Termination of Proposed Qualifying Transaction With Kimpar Resources Inc.

GA Capital Corp. (TSX VENTURE:GAC.P) ("GAC"), a capital pool company as defined
under Policy 2.4 of the TSX Venture Exchange (the "Exchange" or "TSX Venture")
announces the termination of the proposed "qualifying transaction" with Kimpar
Resources Inc. ("Kimpar"). As previously disclosed GAC and Kimpar had entered
into a letter of intent dated December 18, 2008, as amended on each of March 31
and April 30, 2009 (the "LOI") setting out the terms of the previously announced
proposed transaction with Kimpar, pursuant to which GAC intended to complete a
business combination with Kimpar (the "Transaction"). The LOI terminated on May
31, 2009 and in accordance with the terms thereof was not extended by GAC and
Kimpar. Accordingly, the Transaction will not proceed.


GAC has also advised Kimpar of its obligation to repay the $200,000 secured loan
(the "Loan"), together with accrued interest, that GAC had previously provided
to Kimpar. The Loan matured on May 31, 2009.


GAC will work towards identifying and completing a "qualifying transaction". GAC
expects its common shares to resume trading on the Exchange on June 3, 2009.