SGE Strategem Capital Corporation

Strategem Capital Corporation (the "Company" or "Strategem") (TSX VENTURE:SGE)
wishes to provide an update to its shareholders on the anticipated
reorganization (the "Reorganization") of the Company's share capital and
corresponding distribution (the "Distribution") of the paid-up capital ("PUC")
of the Company's common shares, previously announced on December 16, 2008.


As announced earlier, persons who are registered shareholders of the Company's
common shares on January 16, 2009 should submit share certificates representing
their common shares in exchange for a cash payment of $1.75 per share
(representing the PUC of the common shares) and the same number of Class A
Common shares. Shareholders wishing to participate in these transactions should
submit a duly completed letter of transmittal and a certificate representing all
of the common shares held by them to the Company's transfer agent by January 16,
2009. Shareholders are advised that due to the time it takes to settle and clear
trades, they should complete any trades of the Company's common shares as soon
as possible to allow sufficient time for such settling and clearing to take
place prior to the deadline for submission of shares for exchange on January 16,
2009.


The Company advises that, due to the aforementioned settling and clearing
period, it will accept letters of transmittal and common shares tendered for
exchange after January 16, 2009, if received by the Company's transfer agent on
or before January 21, 2009. Acceptance of letters of transmittal and common
shares after that date is at the Company's sole discretion and shareholders are
advised that after January 21, 2009, the Company may exchange common shares so
tendered for Class A Common shares without the accompanying distribution of PUC.


Many of the Company's shareholders do not hold their common shares in their own
names ("Beneficial Shareholders"). If common shares are listed in an account
statement provided to a shareholder by a broker, then in almost all cases those
common shares will not be registered in the shareholder's name on the records of
the Company, but under the name of the Shareholder's broker or an agent of that
broker. In Canada, the vast majority of such common shares are registered under
the name of CDS & Co., the registration name for The Canadian Depository for
Securities Limited, which acts as nominee for many Canadian brokerage firms. In
the United States, the vast majority of such common shares are registered under
the name of Cede & Co., as nominee for The Depository Trust Company, which acts
as depository for many United States brokerage firms and custodian banks. The
Company anticipates that common shares held for brokerage accounts by CDS & Co.
will be exchanged automatically by CDS & Co. without the need for further action
on the shareholder's behalf. However, shareholders who hold their shares through
Cede & Co. will need to make the election and tender their shares for exchange,
and should contact their broker for additional information on instructing Cede &
Co. to tender their shares for exchange.


The Company further advises that the Reorganization and Distribution will be
effective January 21, 2009 (the "Effective Date"), or such other date as
determined by the Company in consultation with the TSX Venture Exchange. The
cash distribution of $1.75 per common share will be electronically paid out on
January 21, 2009. The Company's shares will not be subject to any trade halt or
trading disruptions connected with the implementation of the Reorganization and
Distribution. On the Effective Date, subject to meeting minimum listing
requirements or any other requirements of the TSX Venture Exchange, the
Company's newly created Class A Common shares will be substitutionally traded in
place of the currently traded common shares. Any shares not exchanged for Class
A Common shares will be redesignated as Class B Common shares. The Class B
Common shares will be delisted from the TSX Venture Exchange on the Effective
Date or such other date as determined by the Company in consultation with the
TSX Venture Exchange. The Company previously announced that if some, but not
all, of the Company's common shares were tendered for exchange, the Class B
Common shares would continue to trade on the TSX Venture Exchange under a
supplemental listing. The Company will no longer be proceeding with the
supplemental listing as the Company anticipates that the Class B Common shares
will not meet the minimum listing requirements, including public distribution
requirements, of the TSX Venture Exchange. If all registered shareholders elect
to tender their common shares for cancellation in exchange for Class A Common
shares and the cash payment, there will be no outstanding redesignated Class B
Common Shares upon implementation of the Reorganization.


Shareholders should refer to the Company's news release dated December 16, 2008
and the Management Information Circular dated October 30, 2008 for a summary of
the Reorganization and Distribution, the procedure for submission of common
shares for exchange, and the effect of the Reorganization on the Company's TSX
Venture Exchange listing.


About Strategem Capital

Strategem Capital Corporation is a publicly-traded merchant bank specializing in
the development of emerging companies with above average growth potential. The
current focus is on companies that explore and develop precious or base metals.


This release and prior releases are available on the Company's Internet web site
located at www.strategemcapital.com.


BY ORDER OF THE BOARD OF DIRECTORS

Kenneth W. Morgan, CA, CPA, President, CEO and Director

Forward-Looking Information:

Certain statements contained in this news release constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "anticipate", "plan", "expect", "may", "will",
"intend", "should", and similar expressions.


Forward-looking statements in this news release include references to receipt of
required regulatory and TSX Venture Exchange approvals and references to the
Company proceeding with the reorganization of its share capital and distribution
of the paid-up capital of its Common shares as described in this news release.


These forward-looking statements involve known and unknown risks, uncertainties
and other factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements including the risks
that: the Company may not obtain TSX Venture Exchange approval; the Company may
not have sufficient funds to effect the transactions described in this news
release including sufficient funds to distribute cash to all registered
shareholders who duly tender their Common shares in exchange for Class A Common
shares and cash; registered shareholders may not tender their Common shares for
exchange; the Company may not meet the Exchange's minimum listing requirements
for the Class A Common shares.


The forward-looking statements contained in this news release represent the
Company's expectations as of the date of this news release, and are subject to
change after such date. The Company disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required under applicable
securities regulations.

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