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

Financial 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 book value as of June 30, 2006 was $2,321,618 (December 31, 2005 – ($89,085)).
• For the three months ended June 30, 2006, the Company had total revenue of $25,472 (2005 – $293), comprised of interest and investment income.
• The Company incurred total expenses of $281,671 (2005 – $359), including $105,000 in administrative fees paid to Sentry Select Capital Corp. pursuant to an administration agreement, and had an unrealized loss on marketable securities of $34,924 (2005 – nil).

Appointments:
• As of August 28, 2006, Paolo De Luca replaced John Vooglaid as Chief Financial Officer of the Company. Mr. De Luca has more than 10 years of experience in public accounting, financial reporting and risk management related to financial institutions and financial products. He was formerly Senior Manager, internal audit of the investment banking group at TD Bank Financial Group. And held senior management positions at Ernst & Young LLP, Deloitte & Touche LLP and Arthur Andersen LLP.
• As of August 28, 2006 Ryan Caughey replaced Jeff Lawson as Assistant Corporate Secretary. Since his call to the bar in 2003, Mr. Caughey worked as an associate lawyer with Osler, Hoskin & Harcourt LLP in Toronto where he practiced corporate law with an emphasis in mergers and acquisitions and corporate finance.
• Philip Johnson has been appointed to the Board of Directors of the Company. Mr. Johnson is President of Pinnacle Reefs Ltd. Throughout his career, he has held numerous managerial and coordination positions at Imperial Oil and ExxonMobil in Canada and the United States. He is a director of several private sector corporations as well as a Vice-Chairman of the North South Institute. He has served as a Member of the Board of CJCF Charitable Fund since 1973.
• John Nestor has resigned from the Board of Directors of the Company.

Q2 financial results: For the complete second quarter Management’s Discussion and Analysis and Financial Statements or further information about the company, please visit www.cabancorp.com or www.SEDAR.com

C.A. Bancorp Inc.: C.A. Bancorp Inc., 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. C.A. Bancorp conducts its business through three areas of focus: direct investing; fund management for the institutional, high-net-worth and retail markets; and financial services. 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.