James Monroe Capital Corporation, a Delaware corporation (OTC:JMON), is pleased to announce that it has acquired all issued and outstanding shares of SHN Holdings Inc., a British Columbia corporation, in exchange for 200,000 shares of JMON’s Preferred Class, Series B stock.

In the all-stock transaction, SHN Holdings, a natural resources company with leased land in Tanzania from which it extracts precious metals, becomes a wholly-owned subsidiary of JMON.

This marks the second acquisition JMON has conducted in as many months, having acquired another British Columbia-based natural resources company – Microline Veneer and Forest Products Corp. – in August

“We are pleased to be able to acquire SHN, as it continues our aggressive strategy to add natural resource companies to our conglomerate, and furthers our expansion of our business opportunities both geographically as well as in terms of our scope of operations,” stated Robert Bryan, JMON’s President. “It continues to fulfill our vision of a vertically-integrated supplier of raw materials as well as large-scale art installations and other projects.”

Hanif Jina, president of SHN Holdings, agreed, saying “We are proud to now be a part of the JMON family of companies and look forward to providing value with the precious metals we extract from our leased land in Tanzania.”

About James Monroe Capital Corporation

James Monroe Capital Corporation is a development-stage conglomerate emphasizing investment in patentable concepts and/or business plans in the raw materials and large-scale art installation industries, creating vertical integration synergies as well as profiting off of the patentable concepts.

About SHN Holdings Inc.

SHN Holdings is a precious metals business, founded by its current president, Hanif Jina. It currently holds a lease on certain land – set to expire in 2016 – in Tanzania from which it currently extracts a small amount of precious metals. Sales of its polished and cut precious metals in the fiscal year ended June 30, 2010 was approximately $6,000.

For More Information, please contact Robert Bryan, President of JMON.www.jamesmonroecapitalcorp.com

James Monroe Capital (CE) (USOTC:JMON)
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