CPI Crown Properties International Corporation

CPI Crown Properties International Corporation

November 30, 2006 17:07 ET

CPI Crown Properties International Corporation: Update on Summary Judgement Awarded Against Camrose Crown Care Corporation and Syndico Inc. 'The "Judgement"'

CALGARY, ALBERTA--(CCNMatthews - Nov. 30, 2006) - CPI Crown Properties International Corporation (TSX VENTURE:CWN) ("CPI") announces that the Appeal (the "Appeal") with respect to the Judgement, which was scheduled to be heard before the presiding Justice in Chambers on November 22, 2006 at 10:00 AM in the forenoon, has been adjourned sine die with consent of both parties. This consent adjournment was based on the agreement made between the parties to meet on February 14th 2007 with their respective counsel to attempt a resolution of the dispute in order to avoid the necessity of the Appeal being heard.

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 and outstanding.

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.

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

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

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