2155300 Ontario Inc.

March 18, 2008 22:46 ET

2155300 Ontario Inc. Completes Offer for Nova Growth Corp.

RICHMOND HILL, ONTARIO--(Marketwire - March 18, 2008) - 2155300 Ontario Inc. ("2155300") announced today that 6,505,246 common shares, representing approximately 92.3% of the issued and outstanding common shares, and 862,000 warrants, representing 100 % of the issued and outstanding warrants, were deposited pursuant to 2155300's previously announced offer to purchase all of the outstanding common shares and warrants of Nova Growth Corp. ("Nova") at a purchase price of $0.50 per common share and $0.05 per warrant in cash (the "Offer"). 2155300 intends to take up all common shares and warrants deposited pursuant to the Offer. All conditions to the Offer, which expired at 5:00 p.m. (Eastern time) on March 18, 2008, have now been satisfied or waived.

In accordance with the terms of the Offer, 2155300 intends to acquire the common shares and warrants that were not tendered to the Offer by exercising its statutory right of compulsory acquisition pursuant to the Business Corporations Act (Ontario). Such shareholders will also be paid $0.50 per common share in cash.

This news release contains "forward-looking statements" regarding 2155300's offer for all of the outstanding common shares and warrants of Nova. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "track", "targeted", "estimate", "anticipate", "believe", "should", "plans" or "continue" or similar expressions suggesting future outcomes or events. These forward-looking statements reflect 2155300's current expectations regarding anticipated future events, results, circumstances, performance or expectations, which are not historical facts. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not or the times at which or by the performance or results will be achieved. A number of factors could cause our actual results to differ materially from the results discussed, expressed or implied in any forward-looking statement made by us or on our behalf. 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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