CPI Crown Properties International Corporation

CPI Crown Properties International Corporation

December 12, 2006 11:25 ET

CPI Crown Properties International Corporation: Resignation of Mr. Dmitry Korchevsky

CALGARY, ALBERTA--(CCNMatthews - Dec. 12, 2006) - The board of directors of CPI Crown Properties International Corporation (TSX VENTURE:CWN) ("CPI") reports that effective December 4th 2006, Mr. Dmitry Korchevsky Chief Financial Officer of CPI, resigned without reason.

CPI is grateful for the services and dedication provided by Mr. Korchevsky in his capacity as Chief Financial 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 INTERNATIONAL 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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