Gideon Capital Corp. Announces Termination of Qualifying Transaction With Monterra S.A.

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"), announces the termination of the proposed amalgamation between
Gideon Capital and Monterra S.A. ("Monterra") for the acquisition of 100% of the
common shares of Monterra, which was expected to qualify as Gideon Capital's
"Qualifying Transaction" as defined by Exchange Policy 2.4. Accordingly, the
common shares of Gideon Capital will resume trading on the Exchange at the
opening of the market on May 9, 2013. 


As previously unannounced, Gideon Capital advanced to Monterra (i) $25,000 as an
unsecured loan (the "Unsecured Loan") which matured on March 31, 2013, and (ii)
$225,000 as a secured loan which matures on May 31, 2013. Monterra is required
to repay Gideon Capital the outstanding amount of the Unsecured Loan of $26,250
and the parties are negotiating the terms of such repayment.


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.


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 believes 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 disclaims 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gideon Capital Corp.
Martin J. Doane
Chief Executive Officer
[e-mail]