Iron Creek Capital Closes $6.3 Million Financing

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX-V: IRN

VANCOUVER, Nov. 9 /CNW/ - Iron Creek Capital Corp. (TSX-V: IRN) (the "Company") is pleased to announce the closing of its previously announced brokered private placement with Canaccord Genuity Corp. ("Canaccord Genuity" or the "Agent") of 7,300,000 units (the "Units") at a price of $0.65 per Unit for proceeds of $4,745,000. Each Unit consists of one common share and one-half of one common share purchase warrant (a "Warrant").  Each whole Warrant entitles the holder to subscribe for one additional common share of the Company for a period of two years from the date of closing at a price of $1.00.

In connection with the sale of the Units the Company paid a commission of $266,326 cash and 101,267 Units (representing 7% of the proceeds) and issued to the Agent non-transferable share purchase warrants ("Agent's Warrants") entitling it to purchase up to 511,000 common shares of the Company (representing 7% of the securities sold) at an exercise price of $0.80 per common share for a period of 18 months from closing. The Agent also received a corporate finance fee of 70,000 Units.

In addition, the Company completed a non-brokered private placement, where the Company issued 2,398,000 Units at a price of $0.65 per Unit for proceeds of $1,558,700. In connection with the non-brokered portion of the financing, finder's fees of $4,550 cash and 154,538 Units (representing 7% of the proceeds) and 161,538 warrants (representing 7% of the non-brokered private placement), having the same terms as the Agent's Warrants described above were paid.

All of the securities issued under the brokered and non-brokered private placements are subject to a hold period which will expire on March 10, 2011.

The Company intends to use the net proceeds raised under the Offering and the non-brokered private placement for exploration of the Company's mineral projects in Chile and for general working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Iron Creek

Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile.

ON BEHALF OF THE BOARD

"Timothy J. Beale"
Timothy J. Beale, President

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release

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