Channel Ridge Estate Holdings Ltd.

Channel Ridge Estate Holdings Ltd.

March 31, 2009 16:09 ET

Channel Ridge Estate Holdings Inc.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2009) - Channel Ridge Estate Holdings Inc. ("Channel Ridge" or the "Corporation") announced today that it has now received orders from both the Alberta and British Columbia Securities Commissions revoking in full the cease trade orders issued by such commissions against the Corporation. The revocation order from the Alberta Securities Commission is effective March 27, 2009 and the revocation order from the British Columbia Securities Commission is effective March 30, 2009.

On March 20, 2009, the Corporation applied to each of the Alberta and British Columbia Commissions for revocation of the cease trade orders and, as previously announced on March 5, 2009, the Corporation filed on SEDAR the annual audited financial statements, annual management's discussion and analysis and annual certifications for the year ended September 30, 2009 on February 9, 2009, in order to satisfy the requirements of the two commissions. Accordingly, the Corporation is no longer in default under the securities laws of either Alberta or British Columbia, the only two jurisdictions where it is a reporting issuer.

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