TORONTO: C.A. Bancorp Inc. (the “Company”) is pleased to announce its financial results for the third quarter 2006.

Financial Overview:

• On January 26, 2006, the Company completed a transaction acquiring (a) all net assets of Sentry Select Focused Wealth Management Fund in exchange for 4,516,379 common shares and 4,516,379 common share purchase warrants of the Company, and (b) all of the outstanding shares of C.A. Bancorp Ltd. (“CABL”) (now a wholly owned subsidiary of the Company) and $9,874 due from Petro Assets Inc., the sole shareholder of CABL, in exchange for 3,399,906 common shares and 3,399,906 common share purchase warrants of the Company.

• The Company’s net book value as of September 30, 2006 was $2,148,173 (December 31, 2005 – ($89,085)).

• For the three months ended September 30, 2006, the Company had total revenue of $74,636 (2005 – $326), comprised of asset management fees, interest and investment income and realized gains on the sale of marketable securities.

• For the three months ended September 30, 2006, the Company incurred total expenses of $341,153 (2005 – $249).

• For the three months ended September 30, 2006 the Company had a net loss of $428,181 (2005 – net income of $77), including unrealized loss on marketable securities of $161,664 (2005 – Nil).

Q3 financial results: For the complete third quarter Management’s Discussion and Analysis, and Financial Statements, please visit www.SEDAR.com.

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.