/NOT FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA/
Trading Symbol: TSXV: CQC
VANCOUVER,
May 2, 2013 /CNW/ - Carolina Capital
Corp. (the "Company") (TSX Venture: CQC) is pleased to announce
that it has commenced the 2013 exploration program on the GP
property, located near Lytton, British
Columbia. The 1978 hectare GP property is a low sulphidation
epithermal project lying within the Spences Bridge Gold Belt of
south central British Columbia.
Carolina is earning a 100% interest, subject to a 2% Net Smelter
Return Royalty, by making cash payments of $25,000, issuing 700,000 common shares of
Carolina over the next two years and completing $100,000 in exploration expenditures.
Previous exploration by the property vendor
located a linear NW trending gold-in-soil and arsenic-in-soil
anomaly in excess of three kilometres in length trending through
the heart of the property. The Carolina program commencing today
will focus on sharpening and defining this anomaly by closely
spaced soil sampling on 50 metre by 25 metre grids. The purpose of
this program will be to highlight areas for follow up trenching
and/or diamond drilling.
The Spences Bridge Gold Belt has been explored
for low sulphidation epithermal precious metal deposits since
2001.
The Company also wishes to announce that it has
granted incentive stock options to a newly appointed director of
the Company to purchase up to 100,000 common shares in the capital
stock of the Company. The options are granted pursuant to the
Company's stock option plan and will be subject to applicable
regulatory hold periods. The options are exercisable up to two (2)
years from May 2, 2013 at a price of
$0.20 per share.
R. Tim
Henneberry, P. Geo., a qualified person under NI 43-101 and
a Director of Carolina Capital Corp., has reviewed and approved the
technical content of this news release.
ON BEHALF OF THE BOARD:
"Suzanne Wood"
Suzanne Wood
President, CFO & director
Neither the TSX Venture Exchange Inc. 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.
SOURCE Carolina Capital Corp.