MortgageBrokers.com Holdings Inc.

MortgageBrokers.com Holdings Inc.

March 24, 2005 11:29 ET

MortgageBrokers.com Inc. Receives Regulatory Approval in Ontario to Commence Its Operation as a Mortgage Broker


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MORTGAGEBROKERS.COM INC.

OTC Bulletin Board SYMBOL: MBKR

MARCH 24, 2005 - 11:29 ET

MortgageBrokers.com Inc. Receives Regulatory Approval
in Ontario to Commence Its Operation as a Mortgage
Broker

TORONTO, ONTARIO--(CCNMatthews - March 24, 2005) - MortgageBrokers.com
Inc. ("MortgageBrokers.com"), a subsidiary of MortgageBrokers.com
Holdings Inc. (OTCBB:MBKR), which is a financial services company
dedicated to providing mortgages to the Canadian marketplace, announced
today that it has received regulatory approval from Financial Services
Commission of Ontario ("FSCO") and will start accepting mortgage
applications beginning of next month.

"Ontario represents our biggest market in Canada," said Alex Haditaghi,
Chairman and CEO of MortgageBrokers.com Inc. "Through our mortgage
broker partners in Ontario, we will begin accepting mortgage
applications in April 2005. With the completion of the registration
process with FSCO, MortgageBrokers.com is in now operational in one of
Canada's largest jurisdictions. This action was the first step of in our
business plan."

About MortgageBrokers.com

MortgageBrokers.com Inc. is a financial services company which was
formed to be an industry leader in the mortgage brokering industry. The
Company believes that it will excel in the marketplace due to its unique
business plan, superior customer service and strong partnerships with
banks, institutions and private lenders.

MortgageBrokers.com will serve North American mortgage needs. The
Company's head office and operations will be based in Toronto, Ontario,
a city considered to be the finance center of Canada, and home to many
of the country's largest corporations. MortgageBrokers.com plans to open
four corporate offices in Toronto in 2005.

The Canadian mortgage industry is a $500 billion industry, and it is
estimated that there are approximately $40 billion in new mortgages each
year. In the United States, the mortgage finance market increased 53.4%
to U.S $3.8 trillion in 2003 from U.S. $2.4 trillion in 2002, due to the
extremely favorable interest rate environment in 2003. All of the
leading companies profiled achieved positive asset growth during the
1999 to 2003 review period.

MortgageBrokers.com plans to obtain mortgage broker licenses in other
provinces across Canada as well as 50 states in the United States. This
Company has already commenced this process anticipates receiving these
licenses by the end of summer 2005.

Forward-looking (safe harbor) statement

Statements included in this press release which are not historical in
nature, are intended to be, and are hereby identified as "Forward
Looking Statements" for purposes of safe harbor provided by Section 21E
of the Securities Exchange Act of 1934, as amended. Forward Looking
Statements may be identified by words including "anticipate," "await,"
envision," "foresee," "aim at," "believe," "intends," estimates"
including without limitation, those relating to the company's future
business prospects, are subject to certain risks and uncertainties that
could cause actual results to differ materially from those indicated in
the Forward Looking Statements. Readers are directed to the company's
filings with the U.S. Securities and Exchange Commission for additional
information and a presentation of the risks and uncertainties that may
affect the company's business and results of operations.

Additional information about MortgageBrokers.com is available on Edgar
Online (www.sec.gov) or at www.MortgageBrokers.com.

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