Tajac Granted Extension of Time to Complete Qualifying Transaction

Tajac Capital Inc.'s (TSX VENTURE:TJC.P) ("Tajac" or the "Corporation")
President, Mr. Terry Rogers, is pleased to announce that the TSX Venture
Exchange (the "Exchange") has granted the Corporation's application for an
extension of time to complete its Qualifying Transaction ("QT") pursuant to
Exchange Bulletin re: Temporary Relief Measures dated November 3, 2008. The
Exchange has granted a 6 month extension to the deadline of January 29, 2009,
and the new deadline for Tajac to complete a QT is July 29, 2009.


If Tajac is unable to complete a QT by July 29, 2009, the shares of the
Corporation will be suspended. The Corporation may be granted an additional 90
days in which it may continue to pursue the completion of its proposed QT,
notwithstanding that its 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 QT or transferring to the Exchange's NEX board. The purpose
of the 90 day extension after suspension is to provide the Corporation with
sufficient time to obtain the necessary approvals and provide the Exchange with
the required documentation to transfer to NEX. However, the Exchange also
permits the Corporation to continue pursuing the completion of its proposed QT
during this period of time.


The Corporation has made an initial submission to the Exchange in respect of its
proposed QT announced on March 27, 2008, with Balkan Resources Inc. ("Balkan").
Although initially it was expected that the business combination would involve
the acquisition of all of the issued and outstanding securities of Balkan by
Tajac, the parties are proceeding on the basis of an amalgamation of the two
companies to form the resulting issuer. Tajac will provide further updates on
the progress of the proposed QT as warranted.


Completion of the proposed QT 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 proposed QT 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 being 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.