Abode Mortgage Corporation
TSX VENTURE : ABD

Abode Mortgage Corporation

April 16, 2008 13:50 ET

Abode Mortgage Corporation Announces the Appointment of Alistair D. Taylor, B.A LLB as President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2008) - Abode Mortgage Corporation (TSX VENTURE:ABD) a residential mortgage lender, today announced that Alistair D. Taylor has joined the company as President. In his role, Mr. Taylor will be responsible for key strategic areas of the operating company.

Mr. Taylor has over 25 years experience practicing law in the U.K. and Canada. He has extensive experience in the areas of banking and commercial lending security, mortgages and mortgage fraud, foreclosures and collections, as well as contract drafting and interpretation. Mr. Taylor holds a Bachelor of Arts and a Bachelor of Laws from Queen's University.

"I am delighted to welcome Alistair Taylor to Abode Mortgage Corporation," said Mike Linehan, Chief Executive Officer. "Alistair brings a high level of experience that will greatly assist the operating company in all key strategic areas. In addition, Mr. Taylor's legal background will provide Abode Mortgage Corporation with valuable internal counsel. We look forward to working with Alistair and welcome him to the senior management team."

About Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp. is a publicly traded company on the TSX Venture Exchange under the symbol ABD, and through its wholly owned subsidiary, Abode Mortgage Corporation, provides residential mortgage financing to Canadians in the markets we serve. Headquartered in Vancouver, Abode Mortgage Corporation is delivering a new standard of service excellence to the Canadian residential mortgage industry by providing simplified products, consistent underwriting decisions, competitive pricing and compensation programs. The company launched its lending operations in Western Canada and recently expanded into the Province of Ontario.

Information about Abode Mortgage Corporation is available on the Internet at: www.abodecorp.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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