CNR Capital Corp.
TSX VENTURE : PY.P

July 16, 2007 17:23 ET

CNR Capital Corporation Announces Change of Auditors

TORONTO, ONTARIO--(Marketwire - July 16, 2007) - CNR Capital Corporation (the "Corporation") (TSX VENTURE:PY.P) announced today that Koster, Spinks & Koster LLP has resigned as auditors of the Corporation at the request of the Corporation and the Corporation has appointed Mintz & Partners LLP as successor auditors of the Corporation effective June 26, 2007.

The change of auditor was not as the result of any disagreement or other reportable event within the meaning of applicable security laws.

THE TSX VENTURE EXCHANGE INC. HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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