Western Pacific Trust Company
TSX VENTURE : WP

Western Pacific Trust Company

January 18, 2007 14:34 ET

Western Pacific Trust Company Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2007) - Western Pacific Trust Company ("WPTC" or the "Company") (TSX VENTURE:WP) provides the following update information in connection with its November 11, 2006 offer to the shareholders of Creative Planning Holdings Inc. ("CPHI"). Pursuant to the offer, WPTC proposes to acquire (the "Acquisition") all of the common shares of CPHI in exchange for 3,940,000 WPTC Shares to be issued from Treasury at $0.33 per share (the "Acquisition").

WPTC is pleased to advise that shareholders holding more than 50% of the shares of WPTC have voted their shares in favour of the Acquisition. With that approval, WPTC is proceeding to complete the transaction as soon as practicable.

The Acquisition was expected to close on or around December 31, 2006. Subject to the approval of both the TSX Venture Exchange and the Financial Institutions Commission, and satisfaction of the parties' closing conditions, it is now anticipated that the Acquisition will close prior to the end of February 2007.

Additional information with respect to the closing of this transaction will be announced as it becomes available.

About Western Pacific Trust Company

Western Pacific Trust Company is a non-deposit taking financial corporation. Western Pacific is licensed under the Financial Institutions Act in British Columbia as a Trust Company, and is also registered extra-provincially in Alberta as a non-deposit taking Trust Company. Western Pacific Trust has two wholly owned subsidiaries: Futureworth Financial Planners Corp., a licensed mutual fund dealer in British Columbia, Alberta, Ontario and Nova Scotia, and Western Equity Loans Ltd., a registered mortgage broker in British Columbia and Ontario.

Rocco Liscio, President & CEO

This news release was prepared by the Board of Directors which is solely responsible for its contents.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

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