Pacific Lottery Corporation
TSX VENTURE : LUK

Pacific Lottery Corporation
Oceanic Greystone Securities Inc.

Sage Investment Corporation

Richard W. DeVries

April 17, 2009 19:46 ET

Richard W. DeVries and Pacific Lottery Corporation Jointly Announce Acquisition of Additional Shares of Pacific Lottery Corporation

Oceanic Greystone Securities Inc., Sage Investment Corporation (Both Being Companies Controlled by Richard W. Devries, Chairman of the Board and a Director of Pacific Lottery Corporation)

FREEPORT, GBI, THE BAHAMAS--(Marketwire - April 17, 2009) - Oceanic Greystone Securities Inc., Sage Investment Corporation, Richard W. DeVries and Pacific Lottery Corporation jointly announce that Oceanic Greystone Securities Inc. and Sage Investment Corporation (both being companies controlled by Mr. Richard W. DeVries) and Mr. Richard W. DeVries, Chairman of the board of directors of Pacific Lottery Corporation (the "Corporation" or "Issuer") (TSX VENTURE:LUK), acquired ownership of and control on April 17, 2009 of 8.6 million units of the Issuer, each unit consisting of one (1) common share and one (1) common share purchase warrant exercisable at $0.12 until April 16, 2014 for total gross proceeds to be received by the Issuer (upon exercise of the said warrants) of $CDN1.98 million. These units were acquired from the Corporation through a private placement, announced by the Issuer in their news release of April 7, 2009, at a price of $0.11 per unit.

Following this acquisition, Richard W. DeVries owns or directly controls 15,821,277 common shares of the Corporation, or 17.11% of the issued and outstanding common shares of the Corporation. Mr. DeVries also controls warrants (through Sage Investment Corporation) to purchase an additional 8,600,000 common shares and owns personal options to purchase an additional 950,000 common shares of the Corporation.

Sage Investment Corporation acquired the aforesaid 8,600,000 units of the Corporation for investment purposes. Mr. DeVries advises that he has no present intention to acquire ownership of, or control over, additional securities of the Corporation at this time except in respect of the possible exercise of outstanding warrants and options.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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