FORMCAP GEOLOGIST INTERVIEWED BY THENEWSWIRE.CA

Corporate Update

March 15th, 2010 - FORMCAP CORP’s (PINKSHEETS: FRMC.PK) Consulting Senior Geologist, Thomas Markham was recently interviewed by Pat Beechinor for "Stockhouse Small Cap Broadcast" a program produced by TheNewswire.ca. To listen to the complete interview go to www.stockhouse.com/exec_casts. In this interview, Mr. Markham described the potential of the Weber City Prospect as, "having reserve exposure to (potentially) over 250 million barrels of Oil; this is big time stuff." Mr. Markham, along with other members of our technical team, will be meeting this month to finalize and execute a systematic strategy to develop the Weber City Prospect.

Over the past few weeks there has been an increased interest in FormCap’s Weber City Prospect. The Company has been approached by several groups interested in providing additional financing, as well as several groups that have expressed an interest in farming in. FormCap’s management team has been pursuing these opportunities and will report on their progress when appropriate.

"It is the Company’s belief that the potential of the Weber City Prospect has created not only a spike in retail and institutional interest, but has also created additional opportunities for management to consider regarding farm-ins." stated Mr. Graham Douglas, FormCap’s President.

About FormCap Corp.
FORMCAP is a reporting issuer with the shares traded on the "Pink Sheets". FormCap holds 100% Working Interest (80% Net Revenue Interest) in the 5,800 gross acres at the Weber City Prospect located in Curry County, New Mexico. FormCap’s mandate is to seek out highly prospective oil and gas properties for acquisition, exploration and development. For more information contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit our website at www.formcapcorp.com.

Safe-Harbor Statement
Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act''), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,'' “would,'' “will,'' “expect,'' “estimate,'' “anticipate,'' “believe,'' “intend,'' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Contact:
Graham Douglas
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