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Damon Terminates CAP Property Transaction

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/02/14 -- Damon Capital Corp. (the "Company") (TSX VENTURE: DAM.H) announces that the Company has elected not to proceed with its proposed property option agreement with Arctic Star Exploration Corp. with respect to the CAP Property, as previously announced on November 5, 2013 and January 28, 2014.

The Company will continue to identify and pursue other strategic opportunities with a view to further enhancing value to our shareholders.

On behalf of the Board of Damon Capital Corp.

Joe Charland, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward looking statements that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.

Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Unless otherwise required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.

Contacts:
Damon Capital Corp.
Joe Charland
CEO
(604) 336-8629
(604) 718-2708 (FAX)

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