Tarquin Group Inc.

Tarquin Group Inc.

April 19, 2007 09:00 ET

Tarquin Group Announces $5 Million Brokered Private Placement

OTTAWA, ONTARIO--(CCNMatthews - April 19, 2007) - Tarquin Group Inc. (the "Company") (TSX VENTURE:TQN) today announced that it plans to raise approximately $5,000,000 by way of a brokered private placement financing, to be completed on a best-efforts basis with a syndicate led by Blackmont Capital Inc. and including Paradigm Capital Inc. (collectively, the "Agents").

The private placement financing will consist of an offering of units ("Units") by the Company, with each Unit comprised of one common share and one-half of one common share purchase warrant. The Unit offering price, the warrant exercise price and the warrant terms will be determined in the context of the market. Pricing is expected to occur on or about May 7, 2007. The Agents will be paid a cash commission equal to 8% of the total gross proceeds raised in connection with the offering, in addition to receiving an option to acquire that number of Units equal to 8% of the total number of Units sold, exercisable upon the same terms and conditions as described above

Closing of the proposed private placement is subject to certain customary conditions, including, but not limited to, the execution of an agency agreement between the Company and the Agents, the entering into of definitive subscription agreements with subscribers and the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Subject to satisfaction of such closing conditions, it is expected that the financing will close on or about May 22, 2007. All securities issued in connection with the private placement will be subject to a four-month hold period from the date of issue.

The net proceeds from this offering will be used by the Company for potential acquisitions as well as for general corporate purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities. The securities referred to above have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to US persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

About Tarquin Group

The goal of Tarquin Group Inc. (TSX VENTURE:TQN) is to become a diversified industrial technology company providing solutions to the global manufacturing market. Acting strategically in desirable niche markets worldwide, it is expected that Tarquin's structure and processes will ensure superior product solutions for customers while driving profitable growth for all its stakeholders. Tarquin's target companies are niche market leaders in the fields of laser applications and test, measure and control solutions for manufacturing. For more information visit: www.tarquingroup.com.

Forward-looking Statements

This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and Tarquin Group Inc. does not assume any obligation to update or revise them to reflect new events or circumstances.

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

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