2155300 Ontario Inc.

May 15, 2008 16:41 ET

2155300 Ontario Inc. Commences Compulsory Acquisition of the Remaining Common Shares of Nova Growth Corp.

RICHMOND HILL, ONTARIO--(Marketwire - May 15, 2008) - 2155300 Ontario Inc. ("2155300") announced today that it has mailed a notice of compulsory acquisition to the remaining holders of common shares (the "Common Shares") of Nova Growth Corp. ("Nova").

Following 2155300's offer (the "Offer") to acquire all of the Common Shares and warrants of Nova (the "Warrants"), 2155300 beneficially owns approximately 92.3% of the issued and outstanding Common Shares and 100% of the Warrants.

Since the Offer was accepted by holders of more than 90% of the Common Shares, 2155300 is now exercising its right under the compulsory acquisition provisions of the Business Corporations Act (Ontario) to acquire all outstanding Common Shares not already beneficially owned by it on the basis of $0.50 cash per Common Share. Further details are provided in the notice of compulsory acquisition.

Upon completion of the compulsory acquisition, 2155300 intends to de-list the Common Shares from CNQ and to cause Nova to cease to be a reporting issuer.

This news release contains "forward-looking statements" regarding 2155300's offer for all of the outstanding common shares and warrants of Nova. These forward-looking statements are made as of the date of this news release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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