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Message: egX Canada is Granted Exemption Order by the Ontario Securities Commission

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egX Canada is Granted Exemption Order by the Ontario Securities Commission

posted on Oct 17, 08 08:52AM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2008) - egX Group (TSX VENTURE:EGX) is pleased to report that the Ontario Securities Commission (OSC) has granted an exemption order to egX Canada and egX Group, authorizing egX Canada to carry on business as a stock exchange in that province. The exemption is based on the recognition order from the British Columbia Securities Commission, which is the principal regulator of egX Canada.

egX Canada was developed in response to the world-wide trend towards the securitization of real estate and the growing demand for transparency and disclosure in that industry. egX Canada will offer a regulated, transparent and liquid marketplace for real estate and infrastructure securities. egX Canada will provide new investment opportunities for retail and institutional investors and offer issuers increased access to the capital markets, at a time when the credit markets are tightening.

"We have worked closely with the OSC through the application process and we are extremely pleased to have received an exemption order in Ontario. We look forward to working with the real estate and financial industries in Ontario as we launch egX Canada," stated Mary Wong, President of egX Canada.

About egX Group

egX Group is developing egX, a global securities marketplace designed for the listing and trading of real estate and infrastructure securities. The Company is preparing to launch its first marketplace in Canada under egX Canada, a wholly-owned subsidiary of egX Group. To achieve global presence and to penetrate international markets under the egX brand, egX Group is partnering with interested parties established in the key international financial centers in Europe, the Middle East, the Asia-Pacific region, and the Americas. Additional information is made available at www.egXWorld.com.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

FOR FURTHER INFORMATION PLEASE CONTACT:
        egX Group Inc.
		Leo Chamberland
        President and CEO
        (604) 681-7210
        Email: leo@egXWorld.com
        Website: www.egXWorld.com

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