Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

April 11, 2007 16:32 ET

Grand Power Announces Closing of Private Placement

CALGARY, ALBERTA AND HONG KONG, CHINA--(CCNMatthews - April 11, 2007) - Grand Power Logistics Group Inc. (TSX VENTURE:GPW) (the "Corporation") is pleased to announce that, further to its press release issued February 27, 2007, it has closed its non-brokered private placement financing in the amount of $563,500, subject to the final acceptance by the TSX Venture Exchange. Pursuant to the financing, the Corporation has issued 805,000 units of the Corporation (the "Units"), at a price of $0.70 per Unit. Each Unit consists of one common share ("Common Share") and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire one common share of the Corporation at an exercise price of $1.25 per share until April 10, 2009. A finder's fee of 10% of the gross proceeds received by the Corporation from the sale of the Units has been paid on the private placement.

All Common Shares, Warrants and common shares issuable upon the exercise of the Warrants are restricted from trading until August 11, 2007.

The proceeds from the sale of the Debenture will be used for working capital to expand Grand Power's business activities in Hong Kong, Macau and China.

About Grand Power Logistics Group Inc.

Grand Power Logistics Group Inc. operates principally through its wholly owned Hong Kong based subsidiary, Grand Power Express International Limited (GP Express) and provides air-freight forwarding and sea-freight services, customs brokerage, logistics, warehousing and distribution, as well as other value added services. GP Express has established operations in various regions, particularly in the Greater Pearl River Delta (GPRD), China's largest economic region. GP Express' Subsidiaries or Branch Offices in this region are located in Macau, Shenzhen, Guangzhou, and Jiangmen. GP Express also operates in other regions through Subsidiaries and Branch Offices or Supporting Offices in Shanghai, Taipei, Bangkok and Los Angeles.

Forward-looking statements: Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Company's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

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

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