Solium Capital Inc.
TSX VENTURE : SUM

Solium Capital Inc.

November 29, 2006 16:00 ET

Solium Capital Inc. Establishes New Brokerage Relationship

CALGARY, ALBERTA--(CCNMatthews - Nov. 29, 2006) - Solium Capital Inc. ("Solium") (TSX VENTURE:SUM) today announced that it has entered into a memorandum of understanding with a strategic brokerage partner, Canaccord Capital Corporation ("Canaccord"), and its Pinnacle Correspondent Services division ("Pinnacle"). This strategic relationship will enable Solium to provide fully integrated execution and post settlement services for equity transactions through Shareworks™, Solium's proprietary record keeping application. As a further component of this relationship, Canaccord has advised Solium that it will offer Solium's Shareworks™ application to its growing institutional portfolio and offer a best of breed corporate reporting technology and cost effective brokerage solution to plan administrators and equity plan participants alike.

"During the past twenty-four months Solium has experienced significant growth in its direct business with a client roster that totals over 60 corporate issuers and more than 80,000 individual plan participants. In response to this continuing trend and in support of Solium's goal of becoming a global leader in equity plan administration we are excited to make today's announcement," said Jeff English, Solium's President and CEO.

Solium and Canaccord have agreed to develop an enhanced automated solution that fully integrates the delivery of services to Solium's clients and their participants. Solium expects this automated solution will provide more robust scalability, reliability and efficiency, which will further enhance Solium's current service offering to its clients and their participants. This enhanced solution will also support Solium's continued growth in both domestic and international markets.

"Canaccord is pleased to enter into this strategic relationship with Solium, and we see significant synergies between our two organizations. Pinnacle brings state of the art systems integration and real time trade execution and processing to participants and administrators using Solium's industry leading Shareworks™ platform. Through Canaccord's international institutional client base and the partnership with Solium, we look forward to the opportunities we will be able to create together," said Peter Virvilis, EVP Operations for Canaccord.

The memorandum of understanding sets out the terms in which the required infrastructure to facilitate real-time order management, securities trading and money movement will be developed. Solium expects that development of the automated solution will commence immediately with a project completion target of February 2007. In consideration of this investment by Solium and the services to be provided by Solium to Canaccord, Canaccord will pay to Solium administration fees related to such services and for access to Shareworks™. The amount of the administration fees payable to Solium will be dependent on the volume of securities transactions and fund movements. The aggregate amount of the administration fees achievable through this relationship will be subject to a number of factors including the adoption and transition of the automated solution by existing and future clients, and general market conditions. Subject to the foregoing factors, Solium believes that the economic terms and efficiencies associated with this strategic relationship could have a positive material impact on Solium's earnings. Solium's clients will in the near term continue to have the option of using Solium's existing solution with its current brokerage partner.

Solium will continue to pursue strategic relationships that will strengthen Solium's offering and competitive position both in Canada and internationally.

About Solium Capital Inc.

Solium Capital Inc. (TSX VENTURE:SUM) specializes in the administration and execution of equity-based incentive and savings plans and is setting the industry standard for service excellence, industry knowledge and innovative technical leadership. Solium's technology platform, Shareworks™, is a leading online solution that integrates the management of multiple equity plan types including stock options, share units, and employee share purchase plans on one comprehensive platform.

About Canaccord Capital Corporation

Through its principal subsidiaries, Canaccord Capital Inc. (TSX:CCI)(AIM:CCI) is a leading independent, full service investment dealer in Canada with capital markets operations in the United Kingdom and the United States of America. Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a market operated by the London Stock Exchange. Canaccord has operations in two of the principal segments of the securities industry: private client services and capital markets. Together, these operations offer a wide range of complementary investment products, brokerage services and investment banking services to Canaccord's private, institutional and corporate clients. Canaccord has approximately 1,550 employees worldwide in 30 offices, including 23 Private Client Services offices located across Canada. Canaccord Adams, the international capital markets division, has operations in Toronto, London, Boston, Vancouver, New York, Calgary, Montreal, San Francisco, Houston and Barbados.

Certain information set forth in this document contains forward-looking statements. By its nature, forward-looking statements are subject to numerous risks and uncertainties which could cause actual results to differ materially from those anticipated by Solium and described in the forward-looking statements contained herein. The risks, uncertainties and other factors, both known and unknown, that could influence actual results may be substantial, which may include, among others, general business and economic conditions, the overall stock market performance, actions from competitors and partners, the regulatory environment, the corporate governance environment and regulatory reporting requirements for Solium's clients, and product capability and acceptance. Accordingly, no assurances can be given that any of the events anticipated by these forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.


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