Saint James Capital Holdings (fka SJCH)

[Militia Man]

GNCC Capital, Inc. (PINKSHEETS: GNCP) ("the Company") updates its stockholders as to certain transactions that will be included in the Company's results for the Third Quarter ended June 30, 2012, to be published and filed in July 2012. The Third Quarter Report with the Attorney's Letter must be filed with the OTC Markets Group by August 15, 2012 at the latest, to maintain the Company's "Current Information" status.

The Company's Directors together with their Advisors and key stockholders have been carefully examining a number of options for the Company to explore synergies and to work together alongside North American Gold & Minerals Fund (PINKSHEETS: NMGL) and with another publicly quoted Gold Exploration Company (referred to as "Subco") that is controlled by North American Gold & Minerals Fund ("the Fund"). Stockholders are advised that the Company's Chairman also serves as Chairman of the Fund and of the Subco.

The Company has in its Third Quarter taken some steps in this direction, namely:

Acquisition of some the short term debt owed by the Fund; and
Acquisition of some of the debt owed by Subco.

In addition to these steps taken in the Third Quarter, the Company is providing the required funding, expertise and advisors to both the Fund and to Subco, in order for both of these Companies to file their required financial and other information as is required to establish both of these Companies as "Current Information" with the OTC Markets Group. Both the Fund and Subco recently filed a Form 15-12G with the Commission and currently have "STOP" annotations with the OTC Markets Group. Certain State filings are required to be made by both the Fund and Subco and the cost of the same will be advanced by this Company. This is expected to be completed in August 2012. These funds being advanced by this Company to the Fund and to Subco, will in the immediate term, be accounted for as short term loans.

GNCC Capital, Inc. (PINKSHEETS:GNCP) ("the Company") will be filing its Annual Financial Statements for the year ended September 30, 2012 on Wednesday January 30, 2013. This removes the Stop annotation currently affixed to the Company.
Upon the Attorney's Letter being filed with the OTC Markets Group, the Company is restored immediately to that of "Current Information" status. This is expected to be concluded by Thursday January 31, 2013.

The Company will be filing its Financial Results for the First Quarter ended December 31, 2012 by no later than Monday February 4, 2013. This is ensures that the Company remains as a current filer.

The Company's telephone number has changed to that of: [phone]

About GNCC Capital, Inc.:

GNCC Capital, Inc. is primarily a Gold Exploration Company, with a secondary focus on Silver Exploration. The initial exploration properties are located in Arizona consist of "Esther Basin, Burnt Well, Clara, Kit Carson, Silverfields and Potts Mountain". The Company intends to create significant value for its initial portfolio of properties through continued exploration, joint ventures, and through the acquisition of additional Gold and Silver Exploration assets. GNCC Capital, Inc. is a current information filer on the OTC Markets under the symbol "GNCP'.

GNCC Capital, Inc. (PINKSHEETS:GNCP) ("the Company") has elected to file its Annual Financial Statements for the year ended September 30, 2012 and its Financial Results for the First Quarter ended December 31, 2012; on this weekend commencing upon February 2, 2013.
This was decided to be in the interest of stockholders as it provides an accurate and up to date financial picture of the Company.

Upon the Attorney's Letter in respect of Annual Financial Statements for the year ended September 30, 2012 being filed with the OTC Markets Group, the Company is restored immediately to that of "Current Information" status. This removes the Stop annotation currently affixed to the Company.