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

Highlights:

• On January 26, 2006, the Company completed a Qualifying 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 C.A. Bancorp Inc.) 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 assets increased to $2,576,814 (December 31, 2005 - net liabilities of $89,085). The largest factor contributing to the increase of net assets was the Qualifying Transaction.
• The Company had total revenue of $24,794 (2005 - $320), comprised of interest and investment income.
• The Company incurred total expenses of $122,877 (2005 - $1,220), including $75,645 in administrative fees paid to Sentry Select Capital Corp. pursuant to the Administration Agreement.

Q1 financial results:
The complete first quarter Management’s Discussion and Analysis and Financial Statements are included in this news release. For further information about the company, please visit www.cabancorp.com.

Investment objectives and strategy:
C.A. Bancorp Inc. operates two businesses: a merchant bank and a market intermediary (through its wholly owned subsidiary C.A. Bancorp Ltd.).

As a merchant bank, C.A. Bancorp Inc. will pursue a strategy of making equity investments in Canadian small- and middle-market, public and private companies that exhibit the potential for substantial capital appreciation through improved management, financial performance and enhanced strategic positioning. Among other strategies, C.A. Bancorp Inc. will target undervalued companies that are underperforming due to poor management execution or inadequate capital structure, or are undergoing a significant transition, such as a change in senior management or a succession in ownership.

It is anticipated that C.A. Bancorp Inc. will make investments of $0.5 million to $10 million in companies with enterprise values ranging from $20 million to $100 million. Transaction types may include open-market purchases and private placement of securities of public issuers, management buyouts, equity investment in private issuers, going-private transactions and restructurings. Typically, C.A. Bancorp Inc. will seek to exercise significant influence through positions on the boards of directors of portfolio companies, as well as through structural and governance rights in privately held companies. Effective control of each portfolio company will be sought, either through a shareholders’ agreement, board representation or significant ownership, to ensure that C.A. Bancorp Inc. can direct change, if necessary. In all cases, board representation, governance standards and, in the case of the privately held companies, shareholder rights and protections will be sought.

C.A. Bancorp Inc. will invest in the form of subordinated debentures, convertible debentures, preferred shares, common equity or similar equity-like instruments.

C.A. Bancorp Inc. intends to be an active and constructive partner, whose executives will work together with management of portfolio companies to implement strategic, financial and governance initiatives with a view to creating significant value.

As a market intermediary, C.A. Bancorp Inc. will find equity and/or debt financing for junior and mid-market public and private companies in various industry sectors, including oil and gas, and mining.

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