Capital Alliance Group Inc.
TSX VENTURE : CPT

Capital Alliance Group Inc.

October 05, 2005 13:57 ET

Capital Alliance Group Inc. Announces Normal Course Issuer Bid

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 5, 2005) -

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

Capital Alliance Group Inc. (TSX VENTURE:CPT) reports that it intends to undertake a normal course issuer bid to buy back up to 1,000,000 of its common shares representing approximately 3% of its issued and outstanding share capital. The issuer bid will be conducted through the facilities of the TSX Venture Exchange.

The share repurchase is being launched because management is of the view that the company's stock is currently undervalued. It will commence on the first trading day after the TSX Venture Exchange has accepted the filing of the notice concerning the bid and will continue for up to one year. Purchases will be made through Wellington West Capital Inc.

The company previously repurchased 271,000 common shares in a normal course issuer bid, which commenced in December 2002 and 135,000 common shares in a normal course issuer bid, which commenced in October 2004.

On Behalf of the Board of Directors of Capital Alliance Group Inc.

Toby Chu, President & C.E.O.

THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION.


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

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