CDG Investments Inc.

CDG Investments Inc.

March 01, 2005 13:35 ET

CDG Investments Inc.: Appointment of New Directors


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CDG INVESTMENTS INC.

CNQ SYMBOL: CDGI
OTC Bulletin Board SYMBOL: CDGEF

MARCH 1, 2005 - 13:35 ET

CDG Investments Inc.: Appointment of New Directors

CALGARY, ALBERTA--(CCNMatthews - March 1, 2005) - CDG Investments Inc.
(CNQ:CDGI) (OTCBB:CDGEF) ("CDG") wishes to announce that it appointed
Kerry Brown and Edward James (Roger) Fry as directors of the Corporation.

Mr. Brown has a Bachelor of Commerce from the U of A (1979) as well as
his Chartered Accountant designation from the Alberta Institute (1982).
Mr. Brown has been the Chairman and Chief Executive Officer of
Foundation Equity Corporation, an angel capital company, since it's
inception in 1992. He is also Chairman of the Board of McCoy Bros. Inc,
a TSE listed company since 1995. Mr. Brown is also Chairman of the Board
of Equitech Corporation and HomeBank Technologies Inc., both listed on
the TSX. He also serves on the Boards of Innovotech Inc. and First
Yellowhead Equities Inc. both listed on
the TSX.

Mr. Fry is a self-employed businessman who specializes in private real
estate development, finance and syndication. He is the Chairman and
Director of Safe Harbour Inc. and has served as a director on a number
of public Boards.

The Corporation has also granted stock options under its stock option
plan to Messrs. Brown and Fry to purchase up to 200,000 common shares
for a period of three years commencing on February 28, 2005 at an
exercise price of $0.33 Cdn. per share.

"James Devonshire"

James Devonshire

President

Except for the historical and present factual information contained
herein, the matters set forth in this news release, including words such
as "expects", "projects", "plans", "anticipates" and similar
expressions, are forward-looking information that represents management
of CDG's internal projections, expectations or beliefs concerning, among
other things, future operating results and various components thereof or
the economic performance of CDG. The projections, estimates and beliefs
contained in such forward-looking statements necessarily involve known
and unknown risks and uncertainties, which may cause CDG's actual
performance and financial results in future periods to differ materially
from any projections of future performance or results expressed or
implied by such forward-looking statements. These risks and
uncertainties include, among other things, those described in CDG's
filings with the Canadian securities authorities. Accordingly, holders
of CDG shares and potential investors are cautioned that events or
circumstances could cause results to differ materially from those
predicted. CDG disclaims any responsibility to update these
forward-looking statements.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    CDG Investments Inc.
    James Devonshire
    President
    (403) 233-7898
    or
    CDG Investments Inc.
    Suite 500, 926-5th Avenue S.W.
    Calgary, Alberta, T2P 0N7
    (403) 233-7898
    (403) 266-2606 (FAX)
    No Canadian Stock Exchange has approved nor disapproved of the
    information contained herein.