Spectral Capital Corporation, ('Spectral' or the 'Company') (FCCN.OB) (F3SN:F) is pleased to announce details and progress regarding its planned $167,500,000 financing through the Export-Import Bank of the United States.

'The Export-Import Bank ('Ex-Im Bank') is the Official Export Credit Agency of the United States Government. We have been impressed with the way that Ex-Im Bank has assisted US Companies, like Spectral, to develop substantial, capital intensive projects throughout the world. Today, we received the Letter of Interest from the Ex-Im Bank indicating their interest in providing direct loans or loan guarantees totaling $167,500,000 USD toward the development of our Gold and Mineral Property in the Chita Region of Russia, subject to the completion of a satisfactory evaluation by Ex-Im Bank regarding all of the outstanding issues necessary to complete a financing like this one.' Announced Jenifer Osterwalder, CEO of Spectral. 'Although we believe that more than $200,000,000 USD will be required to fully develop the project, a loan or guarantee from Ex-Im Bank of $167,500,000 will go a long way toward providing the financing that we need to fully exploit the Chita Property.'

Spectral plans to raise a total of more than $200,000,000 during the first 36 months of development of its Chita Property and has made a minimum commitment of $35,000,000 within the first 24 months.

'A letter like this is not a binding financing commitment and such a commitment cannot be issued until full and final approval of Spectral's loan application through the entire body of due diligence issues is conducted by Ex-Im Bank. We are working very hard to complete the Final Commitment process and have made the due diligence and completion of the required Final Commitment process our number one current management priority. We feel very confident that we will secure a Final Commitment and very excited about working with Ex-Im Bank.' Continued CEO Jenifer Osterwalder.

About Spectral:

Spectral Capital is focused on the acquisition of a significant portfolio of properties for mining activities. In September 2010, the Company purchased an interest in mineral properties in the Chita region of the Russian Federation. The Kadara and Kaltagay license is located in the Mogochinsky district of the Chita Region, which has several gold mines in production, in the Russian Federation. Spectral owns 47% of the License for prospecting, exploration and production of gold and all other metals. The length of the License runs to 31 August 2031. The size of the License is 186 square kilometers or 18,200 hectares. Development and exploration activities are currently being undertaken.

Spectral Capital is a US based publicly trading company and is listed on the OTCBB as FCCN and Frankfurt exchange as F3SN. Spectral is a Nevada state corporation.

PRESS RELEASE FORWARD LOOKING STATEMENT:

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as 'expects,' 'will,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,' 'estimates,' and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Spectral Capital
Jenifer Osterwalder
206-262-7820
contact@spectralcapital.com