Leisure Canada Inc.

March 14, 2011 09:00 ET

Leisure Canada Inc. and the Professional Golfers' Association Limited Announce Exclusive Agreement to Develop Golf in Cuba

TORONTO, ONTARIO--(Marketwire - March 14, 2011) - Leisure Canada Inc. (TSX VENTURE:LCN) (the "Company"), a Canadian corporation with three large-scale luxury real estate projects under development in Cuba and The Professional Golfers' Association Limited (the "PGA"), announced today that they have entered into an exclusive agreement for the future licensing of the PGA brand for the Company's use at certain golf facilities and their associated real estate developments in Cuba. 

The PGA brand includes "PGA Village, Cuba", "PGA National, Cuba", "PGA National Golf Course, Cuba", "PGA National Golf Academy, Cuba", "PGA Golf Course", "PGA Resort Course", "PGA Golf Academy" and "PGA Academy Course". 

Under the terms of the agreement, the Company has been granted an exclusive long-term license in Cuba with the goal to jointly develop world class golf facilities.

"With the PGA, we have found the ideal partner to develop the game of golf in Cuba alongside our development projects," said Ned Goodman, Chairman of the Company's Board of Directors. 

"The PGA looks forward to working with Leisure Canada and their Cuban partners to bring world class golf facilities to Cuba. Working together with the Cuban government and the people of Cuba, we hope to further develop the game of golf in the country for the benefit of tourists and Cubans alike", said Guy Moran, Head of Property and Development for the PGA.

On Behalf of the Board of Directors

Robin Conners, President and CEO

About The PGA

The PGA was formed in 1901 in the United Kingdom and is the world's oldest professional golfers' association. Based at Centenary House at the famous Belfry in the United Kingdom, the PGA now has more than 7,600 members including more than 1,400 working overseas in more than 70 different countries. The PGA is one of golf's leading bodies and committed to growing and developing the game nationally and internationally through its academies and the expertise of its professionals.

The PGA nationally and through its seven regional offices administers almost 1,000 golf event days annually. The PGA remains a lead partner in the Ryder Cup Matches and is the trustee of the Ryder Cup trophy.

About Leisure Canada Inc.

Leisure Canada Inc. is a publicly traded company, incorporated under the laws of Ontario and listed on the TSX Venture Exchange under the symbol "LCN". The Company is engaged in the business of developing hotel, resort and commercial properties in Cuba through its wholly-owned subsidiary, Wilton Properties Ltd. ("Wilton"), in joint venture with Grupo Hotelero Gran Caribe S.A. ("Gran Caribe"), an agency of the Cuban government.

For further information on the Company please visit our website at www.leisurecanada.com. The Company's public filings, including its most recent audited consolidated financial statements, can be reviewed on the SEDAR website (www.sedar.com).

This news release may contain forward-looking statements and information within the meaning of applicable securities legislation. These forward-looking statements reflect management's current expectations, estimates, projections, beliefs and assumptions that were made using information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "expect," "plan," "anticipate," "believe," "intend," "estimate," "predict," "forecast," "outlook," "potential," "continue," "should," "likely," or the negative of these terms or other comparable terminology. Although management believes that the anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve assumptions, known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.

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