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THE UNITED STATES


Giga Capital Corporation ("Giga" or the "Corporation") (TSX VENTURE:GIG.P)
announces that it has received the required shareholder and TSX Venture Exchange
("TSXV") approvals to transfer the Corporation's listing to the NEX board of the
TSXV as a result of the Corporation's failure to complete a Qualifying
Transaction (as defined in the policies of the TSXV) within the time period
required by the TSXV. The common shares of Giga will be transferred to the NEX
board of the TSXV effective as of the opening of trading on Monday, July 5,
2010. The common shares will continue to remain suspended from trading on the
NEX until the Corporation has received all required regulatory approvals and
completed its previously announced Qualifying Transaction with Join Pacific
Investment Ltd. (the "Proposed QT"), at which time it will be graduated to a
Tier 2 issuer and reinstated to trading on the TSXV. If the Proposed QT is not
completed, the Corporation will be required to apply to the TSXV for a
reinstatement review in order to be reinstated to trading on the NEX. The
Corporation can then continue to identify and evaluate potential targets with
the objective of completing a Qualifying Transaction. The Proposed QT and all
related transactions remain subject to the approval of the TSXV and there can be
no assurance that the Proposed QT will be completed as proposed or at all.


Additionally, Giga announces that it has received the required shareholder
approvals and has cancelled an aggregate of 1,050,000 common shares of the
Corporation, representing one half of the seed common shares purchased by
Non-Arms Length Parties (as defined in the policies of the TSXV) to Giga, which
shares were cancelled pursuant to the policies of the TSXV as a result of Giga's
failure to complete a Qualifying Transaction within the time period required by
the TSXV. 


Cautionary Statements

Certain statements contained in this news release constitute forward-looking
statements, including, without limitation, Giga's future plans, operations and
objectives; completion of the Proposed QT and receipt of all required approvals
thereto and the timing thereof; the timing of the transfer of the Corporation's
listing to the NEX; and timing of Giga's reinstatement to trading on the TSXV or
the NEX, as applicable. By their nature, forward-looking statements are subject
to numerous risks and uncertainties, some of which are beyond the party's
control including the impact of general economic conditions, industry
conditions, volatility of commodity prices, currency fluctuations, environmental
risks, competition from other industry participants, the lack of availability of
qualified personnel or management, stock market volatility and ability to access
sufficient capital from internal and external sources, inability to meet or
continue to meet listing requirements, the inability to obtain required
consents, permits or approvals, failure to realize the anticipated benefits of
the Proposed QT and the risk that actual results will vary from the results
forecasted and such variations may be material. Readers are cautioned that the
assumptions used in the preparation of such information, although considered
reasonable at the time of preparation may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements. Giga's actual
results, performance or achievement could differ materially from those expressed
in or implied by, these forward-looking statements and, accordingly, no
assurance can be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what benefits Giga
will derive therefrom. There is no assurance that the necessary approvals for
completion of the Proposed QT will be obtained or that some other condition to
the closing of the Proposed QT will not be satisfied. Even if such conditions
are satisfied, there is risk that closing of the Proposed QT could be delayed
and may not meet the timelines anticipated. 


The forward-looking statements contained in this news release are made as of the
date of this news release. Except as required by law Giga disclaims any
intention and assume no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. 


Completion of the Proposed QT is subject to a number of conditions, including
but not limited to, TSX Venture Exchange acceptance. There can be no assurance
that the Proposed QT will be completed as proposed or at all.
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