Zoolander Corporation

March 27, 2008 14:14 ET

Zoolander Corporation Trading Suspension

TORONTO, ONTARIO--(Marketwire - March 27, 2008) - Zoolander Corporation (TSX VENTURE:ZOO.P) announced today that trading in its common shares has been suspended in accordance with TSX-V Policy 2.4 for failure to complete a Qualifying Transaction within 24 months of listing on the Exchange.

Zoolander now has a ninety day period, ending on June 24, 2008, to either complete a Qualifying Transaction or to transfer Zoolander to NEX. NEX is a separate board of the TSX Venture Exchange designed to provide a forum for the trading of companies which are undertaking transactions in furtherance of a reactivation to carry on an active business. Should Zoolander fail to do either prior to June 24, 2008, the shares of Zoolander will be de-listed.

Zoolander will continue its search for opportunities to constitute its Qualifying Transaction in accordance with TSX-V rules.

This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Zoolander cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what Zoolander currently foresees. Discussion of the various factors that may affect future results is contained in the company's recent filings, available on SEDAR.

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

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