99 Capital Corporation Announces Termination of Letter of Intent With Gilla Inc.

TORONTO, ONTARIO--(Marketwire - Jan. 30, 2009) - 99 Capital Corporation ("99 Capital" or the "Company")(TSX VENTURE:WDG.P) announces today that the letter of intent dated December 5, 2008 relating to the proposed purchase of Gilla Inc. (filed on SEDAR on December 9, 2008) has been terminated by mutual agreement.

For additional information about 99 Capital please refer to the Company's profile on www.sedar.com.

Cautionary Statement

This press release may contain certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from 99 Capital Corporation's expectations are various risks detailed from time to time in the filings made by 99 Capital Corporation with securities regulations.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy and accuracy of this release.