CQC

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

VANCOUVER, July 3, 2014 /CNW/ - Carolina Capital Corp. ("Carolina") (TSX Venture: CQC) reports that it has extended the previously announced non-binding Letter of Intent with IMG Gold Recovery Inc. ("IMG") to form a joint venture whereby Carolina and IMG will build and operate a precious metals toll mill and recovery facility (see Carolina new release dated April 8, 2014) for a period of 90 days.  The facility, to be located in BC or the Yukon, will utilize IMG's proprietary recovery technologies to extract fine gold, silver and platinum from concentrates. 

The LOI has now been extended to September 30, 2014.  All other terms and conditions contained in the LOI remain the same and in full force and effect.

ON BEHALF OF THE BOARD:

"Steve Hanson"

Steve Hanson
CEO

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.