Essential Power…Infinite Possibilities

July 4, 2005

Court Will Issue Order Granting Formation Access Across Blackbird Mine Site

Vancouver, B.C., July 4, 2005 Formation Capital Corporation (FCO-TSX) (the Company) announced today that on June 30, 2005, Judge James Herndon, Seventh Judicial District of the State of Idaho, Lemhi County ordered Noranda to allow access across the Blackbird Mine site so that the Company may continue with the Idaho Cobalt Project exploration drilling and proceed with permitting and construction of the Company’s exploration decline for bulk sampling. He instructed Formation and Noranda Mining, Inc. (“Noranda”) to seek to reach an agreement on language for a court order providing the Company with such access. In the event that the Company and Noranda are unable to reach agreement on the language for such an order within ten (10) days, then Judge Herndon will draft and issue the court order. Pending further judicial determinations, Judge James Herndon will rule on access across the Blackbird Mine site for all purposes pursuant to Idaho Code title 47, Chapter 9, concerning “Rights of Way and Easements for Development of Mines.”

As stated in a June 28 Press release, the Company has brought the court action in Lemhi County seeking formal access across the Blackbird Mine site for all purposes pursuant to Idaho Code title 47, Chapter 9, concerning “Rights of Way and Easements for Development of Mines.” The Blackbird Mine site is owned by Noranda. The June 28 Press Release stated that the Company was optimistic that any questions about access will be addressed expeditiously. Judge Herndon’s prompt initial action suggests that the Company’s original assessment was correct.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

“Mari-Ann Green”

Mari-Ann Green
C.E.O.

For further information please contact:
Formation Capital Corporation
1510 - 999 West Hastings Street, Vancouver, BC, V6C 2W2
Head Office: 604-682-6229
Email: inform@formcap.com - Or visit our Web site at: formcap.com

The statements contained in this news release in regard to Formation Capital Corporation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Capital Corporation’s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.
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June 28th, 2005, Formation Seeks Judicial Approval of Access Across Blackbird Mine Site
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July 19th, 2005, Formation Commences Drill Program to Facilitate Mine Design