Spectral Capital Management Returns to Kazakhstan for Property Site visits and Additional Acquisition Due Diligence

Spectral Capital Corporation (FCCN.QB) (F3SN:F) announced today that the Company's management team, along with its consultants, are in Kazakhstan for a site visit to their Bayankol River project. The management team is also conducting due diligence on additional acquisition targets that the Company has identified in Kazakhstan.

'I am pleased to be at the Bayankol River property to kick-off the exploration season that begins this month. Finally, the weather has improved enough for exploration work to begin shortly and we are looking forward to making continued progress on the property,' said Spectral CEO Jenifer Osterwalder. 'Additionally, we are convinced that Kazakhstan is an attractive destination for American companies to invest and make acquisitions. Toward that end, we are continuing due diligence here in Almaty of potential acquisition targets that can further expand our presence in Kazakhstan.'

'Additionally adding one or more substantial projects to Spectral's Kazakhstan portfolio would leverage our investments in personnel, legal and regulatory compliance and our developing experience with the Kazakh market. With last month's hiring of veteran manager Joel Adamson, who worked with Chevron/Exxon Mobile in Kazakhstan and spent more than a decade in country, our capacity building in the Kazakh market was accelerated. It continues now with the engagement of additional geological and consulting resources on the ground here to help us succeed,' concluded Osterwalder.

About Spectral

Spectral Capital is focused on the acquisition and development of a significant portfolio of properties in the natural resource sector, mainly in the Commonwealth of Independent States region. 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. Spectral owns 52% of the License for prospecting, exploration and production of gold and all other metals. The size of the License is 186 km2. In January 2011, Spectral acquired a 65% interest in a gold mine in the Bayankol River Basin of Kazakhstan, in one of the region's most promising areas for gold extraction. The size of the License is 702 km2. Exploration and development activities are currently being undertaken in both properties. Spectral continues to develop a diversified portfolio of natural resource assets in some of the world's most prolific regions.

Spectral Capital is a US-based publicly traded company and is listed on the US over the counter markets 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.