CPI Crown Properties International Corporation
TSX VENTURE : CWN

CPI Crown Properties International Corporation

November 15, 2006 15:16 ET

CPI Crown Properties International Corporation: Appointment of Mr. Nicholas Kazakoff

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2006) - The board of directors of CPI Crown Properties International Corporation (TSX VENTURE:CWN) ("CPI") reports that Mr. Nicholas Kazakoff has returned as Chief Executive Officer of CPI effective November 10, 2006. Tony Argento, the former Chief Executive Officer and Chief Operating Officer of CPI, resigned without reason.

CPI is grateful for the services and dedication provided by Mr. Argento in his capacity as Chief Executive Officer and Chief Operating Officer of CPI and we wish him much success in his future business endeavors.

CPI Crown Properties International Corporation is a Calgary based land development company.

Certain statements in this news release could constitute forward-looking statements. The Corporation's line of business involves risk, uncertainties and other factors which may cause actual results, performance or achievements of CPI to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include number of estate lots that CPI will actually develop and or sell.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

CPI CROWN PROPERTIES INTERNATION CORPORATION is a Tier 1 company whose common shares are listed for trading on the TSX Venture Exchange under the symbol of CWN. There are currently 10,404,305 shares issued.

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

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