Mango Capital, Inc. Executes Another Agreement to Secure an Ownership Interest in a Significant Real Estate Project

Mango Capital, Inc. Executes Another Agreement to Secure an Ownership Interest
in a Significant Real Estate Project

FAR HILLS, N.J., May 31, 2017 (GLOBE NEWSWIRE) -- Mango Capital, Inc.
(OTC:MCAP) today announces an agreement for the acquisition of an ownership
stake in CBD at Bonnies Landing LLC. Consideration for the purchase consists
exclusively of MCAP shares and is expected to close June 2nd, 2017. The
investment is expected to yield a positive future income stream.

Bonnie’s Landing will be the location of 1,150 rental apartments.  The 81-acre
property is located off of 30th Street between Robinson and Grace Roads in
Haines City, Polk County, FL across from the Haines City High School.  The
major Orlando area theme parks, including Disney, Universal and Sea World, are
all within a 30 minute drive.  The development will be built in four sections
with construction expected to commence by the fourth quarter of 2017.

"We are excited to have Mango Capital join us in the ownership of Bonnie’s
Landing.  Combing Mango’s strong capital base with our strategic planning
expertise, Bonnie’s Landing will be one of the largest, most desirable rental
communities between Tampa and Orlando," said David Waronker, Manager of Desert
Mountain Land Holdings LLC. “The construction project is estimated to cost
$126.2 million and add 2,700 full time jobs to Polk County, FL.  Impact fees
from the project will be over $9 million and a portion of these will help Polk
County fund the construction of the new middle and high schools.  Both schools
are planned to be built in Davenport.”

“This transaction continues our business plan of growing via acquisition of
real property using restricted shares in Mango as currency. We have some
additional interesting opportunities in the pipeline as well, and are
aggressively seeking more purchases to grow our balance sheet and to take
Mango mainstream,” stated Mango President Rick Makoujy.

About Mango Capital, Inc.

Mango Capital Inc. is a real estate holding company specializing in acquiring
undervalued American land and complimentary operating businesses in promising
markets. MCAP recently completed the acquisition of more than 500 real estate
properties in Colorado, Arizona, Texas, Arkansas and New Mexico. With a
motivated team, Mango will seize the opportunity to efficiently grow Mango
into a major domestic land owner. Mango plans to acquire promising real
property efficiently utilizing company shares as currency and intends to
opportunistically sell properties for cash and/or notes.

For additional information about Mango, contact Jacqueline Palumbo,
Communications Director, Mango Capital, Inc., at (845) 270-5792 or
Rick@MangoCapitalInc.com.

Please visit our website http://mangocapitalinc.com/

This release contains forward-looking statements within the meaning of the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995, as amended. The matters discussed in this news release involve goals,
forecasts, assumptions, risks and uncertainties that could cause actual
results to differ materially from those expressed in the forward-looking
statements. Readers are cautioned not to place undue reliance on
forward-looking statements.

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