Coastport Capital Inc.

Coastport Capital Inc.

October 31, 2006 18:59 ET

Coastport Engages Doyle Investments

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2006) - David Patterson, President of Coastport Capital Inc. (TSX VENTURE:CPP), announces that the Company has engaged Doyle Investments Inc. ("Doyle") of Vancouver, British Columbia, to provide general consulting advice and strategic introductions on various financial and related matters (the "Consulting Services") to the Company.

The Company has agreed to pay Doyle $3,500 per month plus expenses, for an initial term of 12 months. The agreement is subject to the approval of the TSX Venture Exchange.

The principal of Doyle Investments Inc. is Paul Lathigee. Mr. Lathigee was an investment advisor for 12 years with two national securities firms, and has served as an officer of Toronto Stock Exchange and AMEX listed mineral exploration companies. Doyle provides consulting services to public companies.

In addition, the Company has granted 150,000 incentive stock options exercisable at a price of $0.73 per common share for a period of two years.

On Behalf of the Board,

David Patterson, President, Coastport Capital Inc.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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