Leader Capital Corp.
TSX VENTURE : LDR

May 17, 2006 16:00 ET

Leader Commences Drilling On Gas Properties

TORONTO, ONTARIO--(CCNMatthews - May 17, 2006) - LEADER CAPITAL CORP. (TSX VENTURE:LDR) announces that its subsidiary, Leader Energy Corp., has commenced drilling of its first well on its gas properties located in Walsingham Township, Norfolk County on the North Shore of Lake Erie in SouthWestern Ontario. This is the first well of a 10 well program. The drills are targeting Silurian depths of approximately 1300 to 1400 feet.

Leader Energy Corp is continuing to acquire land leases to further develop its natural gas interests.

Leader Capital, through its subsidiary, Leader Resources Corp., is in the process of acquiring land leases and developing sites for future wind power developments.

With reference to our press release dated November 22 2005, construction of that wind farm is expected to commence in late summer to early fall of 2006. When completed, the Leader Wind Projects will be the largest wind power project constructed to date in Canada.

Leader Capital maintains real estate holdings in Gatineau, Quebec and St. Catharines, Ontario and owns natural gas leases in SouthWestern Ontario.

LEADER CAPITAL CORP.

(Signed)

Magaly Bianchini, President

THE TSX VENTURE EXCHANGE OR ANY SECURITIES REGULATORY AUTHORITY HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE THAT HAS BEEN PREPARED BY MANAGEMENT.

Issued & Outstanding Common Shares: 14,560,918

Contact Information

  • Leader Capital Corp.
    Magaly Bianchini
    (416) 304-1913
    (416) 360-4034 (FAX)