CSM Systems Corp.
TSX VENTURE : CKX

CSM Systems Corp.

June 20, 2005 12:17 ET

CSM Systems Corp. Announces Exercise of Warrants

EDMONTON, ALBERTA--(CCNMatthews - June 20, 2005) - CSM Systems Corp. (TSX VENTURE:CKX) ("CSM"). CSM announces that it has been advised that Wallace McNeil of Grande Cache, Alberta acquired 733,333 common shares of CSM pursuant to the exercise of warrants at $0.15 per common share. As a result, Mr. McNeil beneficially holds 2,233,333 common shares of CSM (representing 17.6% of CSM's outstanding common shares), 766,667 common share purchase warrants exercisable into common shares at $0.15 per common share as well as options to acquire 100,000 common shares at an exercise price of $0.10 per common share. Mr. McNeil acquired the securities of CSM for investment purposes. Depending on market conditions, Mr. McNeil has no current intention to increase his beneficial ownership of CSM. The common shares issued pursuant to the exercise of the warrants are subject to certain voluntary escrow restrictions pending certain shareholder or TSX Venture approvals.

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

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