FOR IMMEDIATE RELEASE

     New  York,  New  York/Idaho  Springs,  Colorado  - JANUARY  24,  2000 - WCM
CAPITAL,  INC.  (NASDAQ symbol WCMC) announced today that the Board of Directors
of the Company and William C. Martucci,  President of U.S. Mining,  Inc. (USM) a
New Jersey corporation,  having entered into a Letter of Intent, formalized that
letter by signing a Stock  Purchase  Agreement  on January 18,  2000.  The Stock
Purchase  Agreement  will allow the Company to acquire 100% of USM stock for 85%
of the  Company's  outstanding  common  stock.  The  Company  will put the Stock
Purchase  Agreement  before the shareholders at a Special  Shareholders  meeting
scheduled for late February 2000.

Robert J. Waligunda, president of USM, stated, "I believe that this agreement is
necessary  for future  viability  of the  Company  and should be approved by the
stockholders."

CONTACT:  Robert Waligunda, Pres.  (212) - 344-2828




Statements  in  this  press  release,   other  than   statements  of  historical
information,  are  forward-looking  statements within the meaning of the Private
Securities   Litigation  Reform  Act  of  1995.  Investors  are  cautioned  that
forward-looking  statements are inherently  uncertain.  Actual  performance  and
results may differ  materially  from that  projected or suggested due to certain
risks and uncertainties  including,  without  limitation,  risks associated with
mining and milling operations,  the availability of debt and equity capital on a
reasonable terms and the effects of government regulations and operations risks.
Additional  information  concerning  certain risks and uncertainties  that could
cause actual,  results to differ  materially from that projected or suggested is
contained in the Company's  filings with the Securities and Exchange  Commission
(SEC) over the past 12 months, copies of which are available from the SEC or may
be obtained  upon  request  from the  Company.  The  forward-looking  statements
contained  herein  represent  the  Company's  judgment  as of the  date  of this
release,  and the Company  cautions  readers not to place undue reliance on such
statements.



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