SOURCE: Longview Capital Partners Incorporated

August 20, 2007 08:30 ET

Longview Capital Partners Earns $0.07 per Share to June 30, 2007

VANCOUVER, BC--(Marketwire - August 20, 2007) - Longview Capital Partners Incorporated (TSX-V: LV) (FRANKFURT: L6V) today announced financial results for the three and six months ended June 30, 2007. Highlights include:

--  Revenues increased to $20.3 million from $8.7 million for the six
    months ended June 30, 2006
--  Net income grows to $7.3 million from $5.0 million for the six months
    ended June 30, 2006
--  Earnings per share of $0.07 compared with $0.08 for the six months
    ended June 30, 2006
--  Fair value of investment portfolio increases to $102.0 million from
    $87.5 million at December 31, 2006 - a increase in value of 16.5%
--  Loss per share of $0.16 compared with $0.01 for the second quarter of
    2006
--  Revenues dropped to $(18.8) million from $0.0 million for the second
    quarter of 2006
--  Net loss grows to $17.1 million from $0.5 million for the second
    quarter of 2006
    

"We are pleased with Longview's encouraging growth in revenues, net income and investment portfolio values in the first six months of 2007 over 2006," says Damien Reynolds, founder, Chairman and CEO of Longview. "We have a number of interesting investments planned to be taken public over the remainder of the year and believe the market will rapidly re-focus on the continued robust supply/demand fundamentals in the resource sector."

Mr. Reynolds continues to say, "In turbulent markets, as we have recently seen, the ability to weather short-term difficulties is a key element in the strength of the Longview business plan. An investment in Longview is a strong investment in a well diversified portfolio of quality, global, resource assets."

About Longview

Longview Capital Partners is an investment company creating long-term shareholder value by capitalizing on early stage opportunities in the natural resource sector, and having the resultant earnings growth recognized in its share price. Longview is incorporated under the laws of the Province of British Columbia and began trading on the TSX Venture Exchange under the symbol "LV" on September 5, 2005.

Attached are the Consolidated Balance Sheet, Statement of Operations and Retained Earnings, and Statement of Cashflows for the three and six months ended June 30, 2007 and 2006.

For more information on Longview Capital Partners Incorporated, please contact Mr. Spiro Kletas, Investor Relations, at (604) 681-5755 or visit our website at www.longviewcp.com.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

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

-***-

LONGVIEW CAPITAL PARTNERS INCORPORATED
CONSOLIDATED BALANCE SHEETS
AS AT JUNE 30, 2007 AND DECEMBER 31, 2006
(Unaudited)

=======================================================================
                                 June 30, 2007        December 31, 2006
-----------------------------------------------------------------------
ASSETS

Cash and cash equivalents        $   1,352,916            $   2,734,605
Investments, at fair value         101,973,269               87,539,741
Accounts receivable                  1,404,025                  756,782
Deposits and prepaid expenses           90,713                  111,910
Income taxes recoverable             1,801,319                        -
Deferred costs                         542,056                  612,119
Fixed assets                           299,635                  232,660
                           --------------------------------------------
                                 $ 107,463,933               91,987,817
=======================================================================

LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities

Accounts payable and
accrued liabilities              $  1,472,423              $  2,053,136
Income taxes payable                        -                 2,363,215
                           --------------------------------------------
                                    1,472,423                 4,416,351
                           --------------------------------------------
Future tax liabilities              20,391369                16,520,596
                           --------------------------------------------
                                   21,863,792                20,936,947
                           --------------------------------------------

Shareholders' equity

Share capital                      37,531,000                28,299,289
Contributed surplus                 7,901,360                 6,882,074
Retained earnings                  40,167,781                35,869,507
                           --------------------------------------------
                                   85,600,141                71,050,870
                           --------------------------------------------
                                 $107,463,933              $ 91,987,817
=======================================================================


LONGVIEW CAPITAL PARTNERS INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
FOR THE THREE AND SIX MONTH PERIODS ENDED JUNE 30, 2007 AND 2006
(Unaudited)

===========================================================================
                         Three Months Ended            Six Months Ended
                              June 30,                     June 30,
                          2007          2006          2007          2006
---------------------------------------------------------------------------
REVENUES
  Gain on disposal
  of investments, net   $943,939      $2,309,840    $4,247,516  $3,713,512
  Unrealized (loss)/gain
on investments, net  (20,708,084)     (2,394,899)   14,562,023   4,852,313
  Interest and
  rental income           82,923             754       152,740         869
  Other income           881,617          77,500     1,355,477     143,178
                   --------------------------------------------------------
                     (18,799,605)         (6,805)   20,317,756   8,709,872

EXPENSES
  Operating, general
  and administrative   5,931,039         431,594     7,856,004     660,258
  Depreciation            17,881             783        32,616         831
  Foreign exchange
  loss (gain)            405,349             415       601,742     (21,765)
  Interest                24,795          13,729        26,674      13,729
  Stock-based
  compensation           671,426         155,650     1,580,478     352,350
                   --------------------------------------------------------
                       7,050,490         602,171    10,097,514   1,005,403
                   --------------------------------------------------------
(Loss)/Income before
income taxes         (25,850,095)       (608,976)   10,220,242   7,704,469
  Provision for
  income taxes         8,691,317         154,786    (2,906,239) (2,649,088)
                   --------------------------------------------------------
Net (loss)/income
for the period       (17,158,778)       (454,190)    7,314,003   5,055,381
                   --------------------------------------------------------
Retained earnings, beginning of period, as
previously reported   57,326,559       7,220,951    35,869,507   1,712,380
Change in accounting           -               -    (3,015,729)          -
                   --------------------------------------------------------
Retained earnings, beginning of period, as
adjusted              57,326,559       7,221,951    32,853,778   1,712,380
                   --------------------------------------------------------
Retained earnings,
end of period        $40,167,781      $6,767,761   $40,167,781  $6,767,761
===========================================================================
Basic (loss)/earnings
per share                 $(0.16)         $(0.01)        $0.07       $0.08
===========================================================================
Diluted (loss)/earnings
per share                 $(0.16)         $(0.01)        $0.06       $0.08
===========================================================================

Weighted average number of common shares outstanding
  Basic              107,395,847      67,052,056   104,559,813  63,441,253
  Diluted            107,395,847      69,974,868   115,611,508  66,113,028
===========================================================================


LONGVIEW CAPITAL PARTNERS INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE AND SIX MONTH PERIODS ENDED JUNE 30, 2007 AND 2006
(Unaudited)


===========================================================================
                         Three Months Ended            Six Months Ended
                              June 30,                     June 30,
                          2007         2006          2007          2006
---------------------------------------------------------------------------

CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
  Net (loss)/income
  for the period $  (17,158,778) $    (454,190) $   7,314,003 $  5,055,381
  Items not affecting cash:
    Unrealized (loss)/gain on investments,
    net              20,708,084      2,394,899    (14,562,023)  (4,852,313)
    Gain on disposal of investments,
    net                (943,939)    (2,309,840)    (4,247,516)  (3,713,512)
    Provision for income taxes

    - future         (7,167,431)      (826,121)     3,870,773    1,673,805
Shares issued in exchange for
accrued liabilities   1,750,000              -      1,750,000            -
Stock-based
compensation            671,426        155,650      1,580,478      352,350
Depreciation             17,881            783         32,616          831


  Changes in non-cash working capital items:
    (Decrease)/increase in accounts receivable and income taxes recoverable
                     (2,375,436)           895     (2,448,562)       5,015
    (Decrease)/increase in deposits and
     prepaid expenses    12,338       (183,361)        21,196     (198,267)
    (Decrease)/increase in accounts payable and accrued
     liabilities        433,452       (328,614)      (580,712)      34,605
    (Decrease)/increase in income taxes
     payable         (2,922,567)       671,335     (2,363,215)     975,283
---------------------------------------------------------------------------
Net cash (used in) from
operating activities (6,974,970)      (878,564)    (9,632,962)    (666,822)
---------------------------------------------------------------------------


CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
  Purchase of
  investments       (21,016,404)   (11,914,650)   (26,698,196) (14,533,157)
  Proceeds from disposal of
  investments        19,136,232     10,775,151     28,058,478   13,037,457
  Deferred costs        590,899       (171,180)        70,064     (171,180)
  Purchase of
  fixed assets          (19,230)       (22,182)       (99,592)     (24,110)



Net cash from
 (used in) Investing
 activities          (1,308,503)    (1,332,861)     1,330,754   (1,690,990)
---------------------------------------------------------------------------

CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
  Shares and warrants issued for cash
                              -      2,706,834      2,999,999    2,721,834
  Proceeds from exercise
  of options            164,575              -        213,500            -
  Proceeds from exercise
  of warrants         2,581,481              -      3,707,020            -
  Proceeds of
  loan payable                -        (29,394)             -            -
  Net cash provided by financing
  activities          2,746,056      2,677,440      6,920,519    2,721,834
---------------------------------------------------------------------------

(Decrease)/increase in cash and cash equivalents
 during the period   (5,537,417)       466,015     (1,381,689)     364,022

Cash and cash equivalents,
beginning of period   6,890,333         49,236      2,734,605      151,229
---------------------------------------------------------------------------
Cash and cash equivalents,
end of period      $  1,352,916   $    515,251   $  1,352,916  $   515,251

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