VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2012) - Big Mojo Capital Inc. (the "Corporation") (TSX VENTURE:MJJ.P) Further to its press release issued June 29, 2012 announcing the proposed Qualifying Transaction with CapGain Properties Inc. (the "Proposed Qualifying Transaction"), the Corporation announces that it has entered into an engagement letter with Union Securities Ltd. ("Union"), pursuant to which Union has agreed, subject to entering into a formal agreement and completion of satisfactory due diligence, to serve, in accordance with the policies of the TSX Venture Exchange (the "Exchange"), as the Corporation's sponsor (the "Sponsor") in connection with the Proposed Qualifying Transaction.

Trading in the shares of the Corporation will remain halted until such time as the Qualifying Transaction is completed.

Union Securities Ltd., subject to completion of satisfactory due diligence, has agreed to act as sponsor in connection with the transaction. An agreement to sponsor should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. 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 filing statement to be 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.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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