Gideon Capital Corp. Announces Proposed Qualifying Transaction With Monterra SA

Gideon Capital Corp. ("Gideon Capital") (TSX VENTURE:GOL.P), a capital pool
company as defined under Policy 2.4 of the TSX Venture Exchange (the
"Exchange"), is pleased to announce that it has entered into a letter of intent
(the "LOI") for the arm's length acquisition of 100% of the common shares of
Monterra S.A. ("Monterra"), a company incorporated under the laws of the
Republic of Panama. Pursuant to the terms of the LOI and subject to completion
of certain conditions precedent, including, satisfactory due diligence,
execution of a definitive agreement and receipt of all necessary regulatory and
Exchange approvals, the proposed acquisition of Monterra will qualify as Gideon
Capital's "Qualifying Transaction" as defined by Exchange Policy 2.4.


About Monterra SA

Monterra was registered as a corporation in Panama on September 19, 2007 and
engages in the acquisition, exploration, and development of mining properties,
primarily gold, silver, and base metals, in Ecuador. Monterra has senior and
middle management with a unique set of business, mining and government and
social relations skills that has successfully developed mining projects in
Ecuador and other jurisdictions and also has strong capital market experience
and resource-sector investor support. Monterra's CEO is Ian R. Harris, formerly
Senior Vice President and Country Manager for the Corriente Copper Project in
Ecuador which was recently sold to Chinese state-owned-enterprises for
approximately USD$700 million.


Monterra holds the Andi-Orotierra Property (the "Property") that comprises 12
contiguous mining concessions covering a total of 53,782 hectares (ha) in the
Nabon area of Ecuador. Significant exploration work has been done to date on the
Property indentifying multiple mineralization systems with multiple caldera-like
structures, hydrothermal alterations, breccias, stock-works, and porphyries.
Some of the initial discoveries to-date involve high grade anomalies which
Monterra will endeavor to confirm through a drilling program scheduled to be
initiated in Spring 2012. Monterra has permitting in place to support its
exploration program on fourteen (14) targets including three (3) that are
drill-ready. Monterra's exploration is led by Dr. Michael H. Smith, Ph.D., FIMM,
C.Eng., a Fellow of the Institute of Mining and Metallurgy and former VP
Exploration of Barrick Petroleum Corporation and a Mining Specialist for the
European Commission and the World Bank.


Monterra is in the process of finalizing a geological report in accordance with
National Instrument 43-101 with respect to the Property which has been prepared
by Dean Besserer B.Sc., P.Geol. of APEX Geoscience Ltd.


About Gideon Capital Corp.

Gideon Capital, a capital pool company within the meaning of the policies of the
Exchange, was incorporated on June 15, 2011 and was listed on the Exchange on
February 3, 2012. Gideon Capital does not have any operations and has no assets
other than cash. Gideon Capital's business is to identify and evaluate
businesses and assets with a view to completing a qualifying transaction under
the policies of the Exchange.


Trading of the common shares of Gideon Capital remains halted in connection with
the dissemination of this press release, and will recommence at such time as the
Exchange may determine, having regard to the completion of certain requirements
pursuant to Exchange Policy 2.4. Further details of the proposed transaction,
including the consideration to be paid, will follow in future press releases.


The information provided in this press release regarding Monterra and its
management has been provided by Monterra and has not been independently verified
by Gideon Capital.


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority shareholder approval. Where applicable,
the transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as
proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release.


The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Although Gideon Capital and Monterra believe that the expectations reflected in
forward looking statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be correct. Except
as required by law, Gideon Capital and Monterra disclaim any intention and
assumes no obligation to update or revise any forward looking statements to
reflect actual results, whether as a result of new information, future events,
changes in assumptions, changes in factors affecting such forward looking
statements or otherwise.