True North Corporation
TSX VENTURE : TN

True North Corporation

October 13, 2006 18:01 ET

True North Corporation Receives Final Approval for Acquisition of C3 Online Marketing Inc.

MISSISSAUGA, ONTARIO--(CCNMatthews - Oct. 13, 2006) - True North Corporation - The Return On Ideas Company™ (TSX VENTURE:TN)("TNC") - today announced that is has received final TSX Venture Exchange approval for the previously announced acquisition of C3 Online Marketing Inc. The Company has posted its approved Filing Statement at www.sedar.com. The Company expects the closing of the transaction to occur following the Exchange mandated ten business-day waiting period.

About TRUE NORTH CORPORATION

True North Corporations - The Return On Ideas Company™ - is one of the fastest growing vertically integrated marketing services organizations in Canada. TNC delivers services through two focus areas: Marketing Services & Sales Channel Support. Service competencies include: Marketing Communications, Event & Experiential Marketing, Sales Channel Marketing and Merchandising, Distribution & Fulfillment. The Company is listed on the TSX Venture Exchange (TSX VENTURE:TN).

This news release may contain certain forward-looking statements that are subject to known and unknown risks and uncertainties. TNC makes no assurance that these forward-looking statements, denoted by words such as "expect", "should" and other similar qualifiers, will prove to be accurate and cautions readers to review the risks and uncertainties sections of its recent filings with securities administrators.

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

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