GrowthWorks WV Management Ltd.

GrowthWorks WV Management Ltd.

March 11, 2005 16:15 ET

GrowthWorks WV Management Ltd.: Canadian Science and Technology Growth Fund and Capital Alliance Ventures Inc. Go Off-Sale


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GROWTHWORKS WV MANAGEMENT LTD.

MARCH 11, 2005 - 16:15 ET

GrowthWorks WV Management Ltd.: Canadian Science and
Technology Growth Fund and Capital Alliance Ventures
Inc. Go Off-Sale

TORONTO, ONTARIO--(CCNMatthews - March 11, 2005) - GrowthWorks(i)
announced today that Capital Alliance Ventures Inc. (CAVI) and Canadian
Science and Technology Growth Fund Inc. (CSTGF), both managed by
Fullarton Capital Corporation, will both suspend sales of their shares
immediately for a period of time ending not later than July 1, 2005.
GrowthWorks WV Management Ltd. acquired Fullarton Capital Corporation as
of March 2, 2005.

The Funds are off-sale to allow the Funds to deal with interim
operational changes relating to the change of control of the Manager
without incurring the cost of several prospectus amendments. An
amendment to each Fund's prospectus will be filed prior to the
resumption of sales. Redemptions of the Funds' shares and shareholder
reporting will remain unaffected by the suspension of sales. It is
anticipated that each of CAVI and CSTGF will seek shareholder approval
to merge operations in the Fall of 2005 with GrowthWorks Canadian Fund
Ltd.

About GrowthWorks

GrowthWorks (www.growthworks.ca) is a recognized leader in venture
capital fund management with proven experience in the raising and
managing of capital. GrowthWorks™ managed funds, including the
Working Opportunity Fund, GrowthWorks Canadian Fund, GrowthWorks
Commercialization Fund and GrowthWorks Atlantic Venture Fund, and
Fullarton Capital managed funds, have approximately $800 million in
combined assets. GrowthWorks has a team of skilled and knowledgeable
investment professionals with a combined 200 years of experience. The
Investment team has a proven track record of identifying, analyzing, and
structuring investments in emerging sectors. GrowthWorks is a registered
trademark of GrowthWorks Capital Ltd.

(i)GrowthWorks means the affiliates of GrowthWorks Ltd. and includes
GrowthWorks Capital Ltd., manager of the Working Opportunity Fund (EVCC)
Ltd., GrowthWorks WV Management Ltd., the manager of GrowthWorks
Canadian Fund Ltd. and GrowthWorks Commercialization Fund Ltd., and
GrowthWorks Atlantic Ltd., manager of GrowthWorks Atlantic Venture Fund
Ltd.

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