Tajac Capital Announces Termination of Proposed Qualifying Transaction

Tajac Capital Inc. (TSX VENTURE:TJC.P) ("Tajac" or the "Corporation") announces
that its term sheet agreement with Balkan Resources Inc. ("Balkan") respecting a
proposed transaction, dated effective March 1, 2008, has been terminated. Tajac
had previously announced (March 27, 2008) that it had reached agreement with
Balkan for the acquisition of 100% of the issued and outstanding shares of
Balkan. The Corporation had intended that this transaction would meet the
requirements for a Qualifying Transaction (as defined in TSX Venture Exchange
Policy 2.4) however, certain obligations under the term sheet agreement were not
fulfilled by Balkan within the timeframes stipulated in the agreement.


The Corporation made application pursuant to the TSX Venture Exchange (the
"Exchange") bulletin titled Temporary Relief Measures dated November 3, 2008,
for an extension of its deadline to complete a Qualifying Transaction. An
extension of time to complete a Qualifying Transaction was granted to July 29,
2009. As set out in an Exchange bulletin dated June 30, 2009, if the Corporation
is unable to complete a Qualifying Transaction by the extended deadline its
trading status may be changed to a suspension without further notice. However,
Tajac may be granted an additional 90 days in which it may continue to pursue
the completion of a proposed Qualifying Transaction, notwithstanding that its
common shares are suspended from trading. At the time of suspension, Tajac will
receive a letter from the Exchange providing particulars of the two remaining
options for retaining a listing on the Exchange, namely, the completion of a
Qualifying Transaction or transferring to the Exchange's NEX Board. The
Corporation will also be provided with a description of the Exchange's delisting
procedures. The purpose of the 90 day extension after suspension is to provide
Tajac with sufficient time to obtain the necessary approvals and provide the
Exchange with the required documentation to transfer to NEX. If Tajac's common
shares are suspended from trading for failure to complete a Qualifying
Transaction, the Exchange may not accept any new Qualifying Transaction
applications unless the Corporation transfers to NEX.


Trading in the common shares of Tajac was halted pending the announcement and
completion of the proposed Balkan transaction, and it is expected that the halt
will be changed to a suspension of trading on or about July 29, 2009.


Tajac continues to actively pursue other opportunities for potential Qualifying
Transactions and believes that it will be able to complete a Qualifying
Transaction, subject to the necessary Exchange approvals.


Forward-Looking Statements

Certain statements contained in this news release constitute forward looking
statements. The use of any of the words "anticipate", "continue", "estimate",
"expect", "may", "will", "project", "should", "believe", "subject to" and
similar expressions are intended to identify forward-looking statements. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated
in such forward-looking statements are based on reasonable assumption but no
assurance can be given that these expectations will prove to be correct and the
forward-looking statements included in this news release should not be unduly
relied upon.