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SKANA Capital Corp.: Corporate Update

SKANA Capital Corp.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2010) - SKANA Capital Corp. (TSX VENTURE:SKN) ("SKANA") announces that the transaction with Sun River Energy, Inc., a Colorado corporation ("Sun River") was not closed on January 31, 2010 as required under the terms of the agreement and previously disclosed in a news release dated December 29, 2009. Pursuant to the definitive agreement (the "Agreement") it had with SKANA, Sun River agreed to purchase from SKANA 100% of the outstanding common shares of Raven Wing Resources, Inc. ("Raven Wing"), a wholly owned subsidiary of SKANA for an all-cash purchase price of US$3,500,000.

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