Capital Alliance Group Inc.
TSX VENTURE : CPT

Capital Alliance Group Inc.

December 15, 2006 11:00 ET

CIBT Appoints New VP of Operations for China Head Office

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 15, 2006) -

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

Capital Alliance Group Inc. (TSX VENTURE:CPT) is pleased to report that its subsidiary, CIBT School of Business and Technology Corp. ("CIBT"), will welcome Mr. David R. Thomas as its new Vice President of Operations at the company's China Head Office commencing August 1st, 2007.

Mr. Thomas completed a distinguished 20 year career in the United States Air Force as a Management Research Analyst, responsible for evaluating and producing statistical analysis for organizational and production efficiencies.

Further career experiences include 18 years in the higher education sector, working as a manager as well as a teaching faculty member at a number of educational institutions in the United States, China and Singapore. Mr. Thomas has served as a research staff member at the University of Texas at San Antonio, assembled to analyze trade data for NAFTA research prior to its implementation. He was also Director of Trade for the World Trade Center located in San Antonio, Texas. Mr. Thomas, a former Associate Vice President for City University in Seattle, has been responsible for the development of university programs and joint-ventures in several countries around the world. Mr. Thomas is currently an Assistant Professor of Marketing and International Management at Doane College in Crete, Nebraska.

Mr. Thomas graduated Magna Cum Laude from the University of Maryland with a Bachelor of Arts degree in Asian Studies. He holds a Masters of Business Administration degree from the University of Texas at San Antonio, and is currently completing his Doctor of Philosophy in Business Administration at Northcentral University.

"We welcome Mr. Thomas' appointment to our growing management team," commented Toby Chu, President and CEO of Capital Alliance Group Inc. and CIBT. "His 20 years of service with the US military and 18 years in the education sector will provide CIBT and its staff with the knowledge and discipline needed in maintaining our high standards in academic and operational quality."

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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