Capital Alliance Group Inc.
TSX VENTURE : CPT

Capital Alliance Group Inc.

December 18, 2006 11:00 ET

Capital Alliance Group Inc.: CIBT Signs MOU with Jingshan Royal School and Collingwood School

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 18, 2006) -

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Capital Alliance Group Inc. (TSX VENTURE:CPT) is pleased to announce that its subsidiary, CIBT School of Business and Technology Corp. ("CIBT") has signed a Memorandum of Understanding (MOU) with Jingshan Royal School of Beijing, China and Collingwood School of West Vancouver, BC. The MOU is to establish a joint summer school program during the summer of 2007 for a cross cultural exchange whereby students from Collingwood will travel to Beijing and Jingshan students will travel to Vancouver to take part in the program.

Along with fostering cultural ties between the two countries, this exchange program will contribute in maximizing CIBT's growing platform of education services.

About Jingshan Royal School:

Founded in 1960, Jingshan Royal School (JRS) is a prestigious Grade K-12 education institution in China enrolling children of many political and influential leaders of China. Located in the heart of Beijing, JRS boasts a student population of 2,400 and a progressive teaching philosophy whereby experimental practices, ideas, and technologies are an integral part of the learning process. To date, 3,316 of the school's students have won awards in regional, national, and international competitions.

About Collingwood School:

Founded in 1984, Collingwood School is a co-educational Grade K-12 school, with 1,200 students. The school is located on two campuses, both are spectacularly situated between the sea, the gentle north shore of Vancouver's Pacific Ocean, and the summits of Grouse and Cypress Mountains. Collingwood School delivers an uncompromisingly rigorous academic program that aims to challenge the best and brightest while also creating a well-balanced program by providing co-curricular activities in athletics, performing and fine arts, and service.

Capital Alliance Group Inc.

Toby Chu, President & C.E.O.

WARNING: This news release contains forward-looking information. The reader is cautioned that assumptions used in preparing such information, although considered accurate at the time of preparation, may prove incorrect. The actual results achieved may vary materially from the information provided herein. Consequently, there is no representation by the company that actual results achieved will be the same as those forecast.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

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