HIM Himalayan Capital Corp

Himalayan Capital Corp. ("Himalayan" or the "Company") (TSX VENTURE:HIM) is
pleased to announce that, through its 100% owned subsidiary, Mineral Azul
Ventures Limitada ("Azul"), it has signed an option agreement to acquire a 100%
interest in the Caballo Blanco copper-iron project, which is located close to
the Company's La Higuera copper-gold project in Chile. The Caballo Blanco
copper-iron project covers an area of 2,550 hectares and straddles the
Panamerican Highway (see the map below).


To view the map associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/HIM0602map.pdf.


The option agreement, which remains subject to the approval of the TSX Venture
Exchange, calls for the Company to make cash payments totalling US$1,000,000 and
to issue a total of 500,000 common shares of the Company to an arm's length
third party over a three-year period. Specifically, the Company is be required
to pay US$50,000 immediately; US$50,000 and the issuance of 100,000 common
shares of the Company on or before July 1, 2012; US$100,000 on or before January
1, 2013; US$100,000 and the issuance of 150,000 common shares of the Company on
or before July 1, 2013; US$200,000 on or before July 1, 2014; the issuance of
250,000 common shares of the Company on or before January 1, 2015; and
US$500,000 on or before July 1, 2015.


There has been previous exploration carried out on and there are several small
copper workings that occur within the Caballo Blanco property. Previous
exploration included ground magnetic surveying, I.P. surveying and a total of 10
reverse circulation ("RC") and 5 diamond drill holes. The ground magnetic survey
generated a large, moderate amplitude magnetic anomaly and several of the
exploration drill holes were located within this.


As discussed in the Company's National Instrument 43-101 technical report with
respect to the La Higuera Property (which is available on SEDAR under the
Company's profile at www.sedar.com), in the discussion on nearby properties: "In
2001, LAC (UK) drilled 10 generally shallow RC holes at their Caballo Blanco
Project, which is located approximately 6 km SW of the La Higuera Property. The
following intervals were obtained in two of their holes: 30 m at 0.44% Cu, and
82 m at 0.35% Cu and 19% Fe, (Toohey, J., 2002; Geological Report on the Caballo
Blanco Property, Region IV, Northern Chile; prepared for Victory Ventures
Corporation). The drill information on the LAC property is not necessarily
indicative of the mineralization on the La Higuera property which is the subject
of this technical report."


Note: As the Company has not done sufficient work to confirm these results, the
information should not be relied upon.


The iron is predominantly in the form of magnetite and the copper sulphides are
predominantly chalcopyrite, as is the case at the La Higuera Project.


The drill results and associated magnetic anomaly indicate the presence of an
Iron Oxide Copper Gold (I.O.C.G.) style mineralized system associated with the
Atacama Fault zone which transects the project area.


David O'Connor, President and Chief Executive Officer of the Company stated:
"Whereas the iron-copper-gold mineralization evident in the mines at La Higuera
is much more developed, the results of previous exploration at Caballo Blanco
represents an exploration target with significant merit which we plan to explore
in parallel with our work at the La Higuera Project. Our first task will be to
re-survey all the old drill positions and carry out a more detailed ground
geophysical program over the area of copper workings and significant drill
results. We will then design a new drill program based on this."


Micheal Easdon, M.Sc., CPG, an independent consultant to the Company, is a
"qualified person" as defined by National Instrument 43-101, and has reviewed
and approved the technical information and data included in this press release.


About Himalayan Capital Corp.

Himalayan Capital Corp. is a mineral exploration company with the rights,
through its wholly owned subsidiary Minera Azul Ventures Limitada, to acquire a
100% interest in a prospective copper-gold property in La Higuera, Chile (the
"La Higuera Property").


The La Higuera Property, which is located approximately 600 kilometres north of
Santiago, was assembled as a result of the first-time consolidation of mining
rights in a historical copper-gold mining center and is located in a prolific
I.O.C.G. belt surrounded by excellent infrastructure in a mining friendly
jurisdiction.


The La Higuera Property covers a historic copper mining district with mining
activity dating back to at least the late 18th century; however, there has been
no known modern exploration conducted on the property. Since the consolidation
of the mining rights in June 2011, Minera Azul has initiated a rock sampling
program and completed geophysical work which has generated intense magnetic and
chargeability anomalies coincident with existing copper workings.


Cautionary Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, are
forward-looking statements. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements
expressed or implied by such forward- looking statements. Such factors include,
among others, the following risks: the need for additional financing;
operational risks associated with mineral exploration; market conditions;
fluctuations in commodity prices; title matters; environmental liability claims
and insurance; reliance on key personnel; the potential for conflicts of
interest among certain officers, directors or promoters with certain other
projects; the absence of dividends; competition; dilution; the volatility of our
common share price and volume and the additional risks identified in the "Risk
Factors" section of the Company's Filing Statement or other reports and filings
with the TSX Venture Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and Himalayan undertakes no
obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue certainty to
forward-looking statements.

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