TORONTO: C.A. Bancorp Inc. (the “Company”) announces that it has filed with securities regulatory authorities on SEDAR the audited financial statements for the year ended December 31, 2005, of C.A. Bancorp Ltd. (“CABL”), which the Company purchased in January 2006. As announced on January 17, 2006, the Company completed a qualifying transaction that constituted a reverse takeover (within the meaning of applicable securities law), with CABL being the reverse takeover acquirer. As a result, the Company was required to file the audited annual financial statements of CABL, the reverse takeover acquirer, for the year ended December 31, 2005. The delay in filing these financial statements by the Company was due to inadvertence on the part of the Company as it believed that sufficient disclosure of CABL's financial position and results was provided in the Company's interim financial statements for the period ended March 31, 2006.

In addition, the Company also announces that it has filed an amended annual information form of the Issuer for the year ended December 31, 2005 dated October 19, 2006 (the “Amended AIF”). The Amended AIF has been amended to include the Notes to the Pro Forma Consolidated Balance Sheet dated September 30, 2005 of Masthead Resources Ltd. appearing in Appendix A of the Amended AIF. These Notes were inadvertently omitted from the previously filed annual information form of the Issuer for the year ended December 31, 2005 dated September 29, 2006 (the “AIF”). Other than the addition of these Notes, the Amended AIF does not affect the information disclosed therein.

C.A. Bancorp: C.A. Bancorp, a Toronto-based merchant bank, is involved in a range of transactions with both private and public companies across a broad range of industries in Canada. The majority of C.A. Bancorp’s endeavours falls under two major corporate areas: Direct Investments and Fund Management for the institutional, high-net-worth and retail markets. Investment opportunities are at the core of many of the activities, and transactions based on investments focus on the Canadian mid-market sector. The company trades on the TSX Venture Exchange, under the symbol BKP.

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