Grand Power Logistics Group Inc.
TSX VENTURE : GPW

Grand Power Logistics Group Inc.

November 10, 2006 16:30 ET

Grand Power Logistics Group Inc. Announces Sale of Shares by President

CALGARY, ALBERTA AND HONG KONG, CHINA--(CCNMatthews - Nov. 10, 2006) - Grand Power Logistics Group Inc. (TSX VENTURE:GPW) (the "Corporation") announces that Tong (Ricky) Chiu, President, Chief Executive Officer and a director of the Corporation has filed Form 45-102F1 (Notice of Intention to Distribute Securities) with the regulatory authorities. The document has been filed in connection with a potential private placement to be undertaken by the Corporation pursuant to which Mr. Chiu intends to sell up to 8,500,000 Common Shares of the Corporation and use the proceeds of sale, after deduction of costs, to purchase up to 8,500,000 Common Shares of the Corporation pursuant to the private placement. Pricing of the private placement is expected to be determined within the next two weeks, at which time further details of the proposed private placement will be announced.

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

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