Grand Power Logistics Group Inc.

Grand Power Logistics Group Inc.

August 10, 2009 11:34 ET

Grand Power Announces TSX Venture Exchange Acceptance of Private Placement

CALGARY, ALBERTA AND HONG KONG, CHINA--(Marketwire - Aug. 10, 2009) - Grand Power Logistics Group Inc. ("Grand Power" or the "Corporation") (TSX VENTURE:GPW) announces that further to its press release dated July 13, 2009, the non-brokered private placement of convertible debentures has closed for gross proceeds in the amount of $2,201,000 and the TSX Venture Exchange has accepted for filing documentation with respect to the private placement.

About Grand Power Logistics Group Inc.

Grand Power Logistics Group Inc. operates principally through its wholly-owned Hong Kong based subsidiary, Grand Power Express International Limited ("GP Express"), and provides air-freight forwarding and sea-freight services, customs brokerage, logistics, warehousing and distribution, as well as other value added services. GP Express has established operations in various regions, particularly in the Greater Pearl River Delta, China's largest economic region. GP Express' subsidiaries or branch offices in this region are located in Macau, Shenzhen, Guangzhou, and Jiangmen. GP Express also operates in other regions through subsidiaries and branch offices or supporting offices in Shanghai, Beijing, Tianjin, Xiamen, Taipei, Bangkok and Los Angeles.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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