C.A. Bancorp Inc., previously, Masthead Resources Ltd., is pleased to announce its results for the year ended December 31, 2005.

MANAGEMENT’S DISCUSSION AND ANALYSIS

This Management’s Discussion and Analysis (“MD&A”) presents an analysis of the financial condition of C.A. Bancorp Inc. (referred to herein as the “Company” and formerly called Masthead Resources Ltd,) for the period from March 29, 2005 to December 31, 2005. The following information should be read in conjunction with the financial statements of the Company as at and for the period from March 29, 2005 to December 31, 2005.

This MD&A is dated April 12, 2006 and presents material information up to this date. This information includes discussion and analysis of the Company’s Qualifying Transaction (the “Qualifying Transaction”), which was proposed prior to December 31, 2005 but was completed on January 26, 2006.

OVERVIEW

The Company was incorporated on March 29, 2005 pursuant to the Business Corporations Act (Alberta) as Master Mines and Metals Inc. The Company initially issued 2,000,000 shares at $0.20 per share for total gross proceeds of $200,000. The Company was formed as a Capital Pool Corporation and consequently there was minimal business activity until it completed its Qualifying Transaction.

On April 27, 2005, the Company filed articles of Amendment to change its name to Masthead Resources Ltd.

On August 8, 2005, the Company filed a prospectus for an Initial Public Offering of 1,500,000 common shares at $0.20 per share. This Offering was successfully completed on August 22, 2005, raising additional capital of $300,000. The costs of the public offering were $92,106 and were charged against share capital.

On September 2, 2005, the Company began trading on the TSX Venture Exchange under the symbol “MTH.P”.

For further information:
Mark Gardhouse, President, C.A. Bancorp Ltd. (media inquiries)
Tel: 1-866-388-5985 Fax: 416-364-5615
info@cabancorp.com