Capital Alliance Group Inc.
TSX VENTURE : CPT

Capital Alliance Group Inc.

January 23, 2007 14:10 ET

Capital Alliance Group Inc.: CIBT School of Business Expands to Henan Province of China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 23, 2007) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE US

Capital Alliance Group Inc. (TSX VENTURE:CPT) is pleased to report that on January 18, 2007, its subsidiary, CIBT School of Business and Technology Corp ("CIBT"), signed a Memorandum of Understanding ("MOU") with Henan Mechanical and Electrical Secondary School (HMESS) to establish joint programs between the two institutions. CIBT President & CEO, Toby Chu, attended the signing ceremony.

The goal of this partnership is to educate and train skilled technicians in the fields of mechanical processing, automotive maintenance and repair, residential HVAC maintenance, electrical, plumbing, and carpentry, and other trades in China which are in high demand including business administration.

The business plan will be administered into two phases. During the initial stages of the first phase, CIBT and HMESS will work together in upgrading the current facilities of HMESS and introduce business certificate and other college degree programs offered through CIBT's partners Western International University (WIU) and ITT Educational Services, Inc. (ITT). Specialized programs from WyoTech Technical Institute will then be introduced such as residential HVAC maintenance, electrical, plumbing and carpentry programs. A new automotive program will also be introduced into HMESS involving CIBT WyoTech Institute whereby advanced teaching equipment as well as academic material will be implemented into the cooperative program.

In the second phase, CIBT and HMESS will cooperate in a joint-venture to seek approval to offer post-secondary level vocational programs and become a Sino-Foreign Vocational School offering both secondary and college level programs based on the programs offered in stage one.

About Henan Mechanical and Electrical School:

The Henan Mechanical and Electrical Secondary School (HMESS) has approximately 6,000 students studying various course subjects including: Computer Applications, Mechanic Technology Applications, Digital Control Technology Applications, Automobile Applications and Repair, Electrical Engineering and Automation. The school is a key national level secondary vocational school and is administered under the Henan Provincial Education Bureau. In 2006, the school was named "Outstanding School in Job Placements for Secondary and Post-Secondary Vocational Education". The school offers both secondary and post-secondary programs.

About Zhengzhou City, Henan Province:

Henan Province has a population of 92.5 million with Zhengzhou City being the provincial capital. Zhengzhou is located in the middle of China, about 760 km south of Beijing and 830 km northwest of Shanghai, encompassing an area of 7,446.2 km2, of which over 140 km2 is constructed land. The city has a population of over 7 million and has been a major industrial city since 1949. The city being at the intersection of two major railways, namely the Longhai Railway, and the Jingjin Railway, Zhengzhou has become a vital transportation hub contributing significant growth to the city.

About CIBT:

CIBT School of Business is a leading business, technology and technical school in China for over a decade. CIBT operates three campuses in Beijing, two campuses in Weifang, one campus in Anyang, and six learning centers in other cities in China. CIBT has academic partnerships with Beijing University of Technology and Weifang University, and delivers postsecondary business, technology and technical trade skill programs to students and corporations in China. By cooperating with leading education providers in North America including Western International University, a subsidiary of Apollo Group Inc., ITT Technical Institute, WyoTech Technical Institute, a subsidiary of Corinthian Colleges Inc., and other universities from Europe and Asia, CIBT delivers advanced curricula to meet the progressive needs of China's growing student population.

Capital Alliance Group Inc.

Toby Chu, President & C.E.O.

WARNING: This news release contains forward-looking information. The reader is cautioned that assumptions used in preparing such information, although considered accurate at the time of preparation, may prove incorrect. The actual results achieved may vary materially from the information provided herein. Consequently, there is no representation by the company that actual results achieved will be the same as those forecast.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

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