TORONTO: C.A. Bancorp Inc. (the “Company”) is pleased to announce the appointment of Frank J. Crothers to the Company’s Board of Directors. The appointment is subject to approval by the TSX Venture Exchange.

Mr. Crothers is a corporate executive with extensive business expertise. Over the past 35 years, he has served on many public and private sector boards. Mr. Crothers is Chairman and CEO of Island Corporate Holdings Limited, a private Bahamas-based investment company. He is Vice-Chairman of Abaco Markets Limited, Indigo Networks Limited (Bahamas) and former Vice-Chairman of Boschendal Wine Estates (South Africa). He is also a Director of Templeton Funds, Caribbean Utilities Company Ltd., Nuinsco Resources Limited, CIC Energy Corp., Brazmin Corp. and Fidelity Merchant Bank & Trust (Cayman) Limited. For more than a decade, he was on the board of Harvard University Graduate School of Education and recently served a three-year term as Chairman of CARILEC, the Caribbean Association of Electrical Utilities.

C.A. Bancorp Inc.’s investment objectives and strategy: C.A. Bancorp Inc. is a merchant bank established to provide investors with access to a range of private equity and other alternative investment opportunities typically available only to large institutional and high-net-worth investors. The Company is focused on investments, either directly or through entities managed and/or sponsored by it, across a broad range of industries.

The Company’s business model is based on two types of revenue-generating investment activities:

• direct investing, to generate capital gains realized from the sale of investments and interest payments, management fees, syndication fees and dividends paid by portfolio companies; and

• fund management, to generate management fees and performance bonuses paid by private equity funds and structured products managed and/or sponsored by the Company.

The Company expects to focus on investment opportunities in the industrials, real estate, infrastructure and financial services sectors.

Sentry Select Capital Corp: C.A. Bancorp Inc. is an affiliate of Sentry Select Capital Corp., a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations (including preferred securities and debentures), 19 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. As of October 31, 2006, the firm had over $8.0 billion in gross assets under management.

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