EFT Canada Inc.
TSX VENTURE : EFT

EFT Canada Inc.

May 12, 2006 13:29 ET

EFT Canada Grants Options to Directors

TORONTO, ONTARIO--(CCNMatthews - May 12, 2006) - EFT Canada Inc. (TSX VENTURE:EFT) announces the granting of incentive stock options to certain directors to purchase up to 690,000 common shares under the Company's Incentive Stock Option Plan. The options will be granted for a period of five (5) years exercisable at a price of $0.40 per share.

About EFT Canada:

EFT Canada is a publicly-listed (TSX VENTURE:EFT) provider of advanced electronic payment services and tools for small and medium sized businesses, including credit unions, merchants, ISO's, and other companies. EFT Canada offers cost effective, state-of-the-art technology with superior performance, in a timely, accurate and efficient manner.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: absence of intellectual property protection, rapid technological change, general market conditions, risks associated with chargeback liabilities, risks associated with government regulation, the uncertainty of future profitability and the uncertainty of access to additional capital.

Issued and Outstanding: 12,440,000 Common Shares

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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