Capital Alliance Group Inc.
TSX VENTURE : CPT

Capital Alliance Group Inc.

August 16, 2005 13:02 ET

Capital Alliance Group Inc.: CIBT Private Placement Over-Subscribed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 16, 2005) -

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

CIBT School of Business & Technology Corp. ("CIBT"), a subsidiary of Capital Alliance Group Inc. (TSX VENTURE:CPT) and a leading business school in China, is pleased to announce that it has received the majority of the subscription funds for the private placement announced on July 14, 2005. The private placement is scheduled to close this month, subject to receipt of the requisite approval of the TSX Venture Exchange.

The company has received signed share subscription agreements in the amount of USD $1.147 million and to date has received USD $1.065 million with the balance to arrive by August 19th as part of the terms of the agreement. The CIBT private placement shares are valued at USD $1 per share. As a result of this private placement, CIBT's total number of shares issued and outstanding will increase to 16.1 million shares.

Capital Alliance Group Inc. currently owns 12.07 million shares of CIBT.

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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