egX Group Inc.

egX Group Inc.

December 24, 2007 11:00 ET

egX Group Closes Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 24, 2007) - egX Group (TSX VENTURE:GFG), today announced that it has closed 1,095,591 units of a non-brokered private placement of the Company at a price of $0.25 per unit for gross proceeds of $273,897.84. Each unit is comprised of one common share and one non-transferable warrant. Each warrant entitles the warrant holder to acquire one additional common share, exercisable at a price of $0.60 per share for a period of 12 months from the date of closing, subject to acceleration on the occurrence of certain events.

The proceeds of the private placement will be used for the continuing deployment of egX Canada and ongoing operations. The common shares forming part of the units, as well as any common shares issued upon exercise of the warrants, are subject to a four month hold period, which will expire at midnight on April 19, 2008.

About egX Group

egX Group is developing the egX, a global securities marketplace designed for the listing and trading of real estate and related financial products. The Company is preparing to launch its first marketplace in Canada under egX Canada, a wholly-owned subsidiary of egX Group. To achieve global presence and to penetrate international markets under the egX brand, egX Group is partnering with interested parties established in the key international financial centers in Europe, the Middle East, the Asia-Pacific region, and the Americas. Additional information, including the Company's business plan is made available at

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

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