TORONTO: C.A. Bancorp Inc. (the “Company” or “CA Bancorp”) is pleased to announce that shareholders have approved a 10 for 1 share consolidation (“Consolidation”) of its common shares at the annual and special meeting of shareholders held April 19, 2007.

Consolidation 10 to 1: For every 10 pre-Consolidation common shares, shareholders of the Company will receive one post-Consolidation common share. No fractional shares will be issued. In the event that the Consolidation would result in a holder of common shares otherwise becoming entitled to a fraction of a common share, such fraction of a common share shall be rounded up to the next whole common share. The Company currently has 141,741,703 shares outstanding. Subsequent to the Consolidation, the Company will have approximately 14,174,170 shares outstanding.

Reasons for consolidation: The Company believes that the Consolidation will make the shares outstanding more attractive, reduce shareholder transaction costs and improve trading liquidity.

Assets under management: CA Bancorp earns fees from over $95 million in assets consisting of approximately $55 million in Sentry Select Total Strategy Fund and approximately $40 million in Charter Realty Holdings Ltd.

Market capitalization: As of April 23, 2007, CA Bancorp had a market capitalization of $60.9 million, based on a closing price of $0.43 per share.

Asset Management: C.A. Bancorp’s direct investing activities are focused in the mid-cap private and public markets with emphasis on:

• Industrials (manufacturing, distribution and service sectors)
• Real estate (specialized, industrial, commercial, hospitality, healthcare and retail)
• Infrastructure (power generation, transportation, rail, and utilities)
• Financial services (asset managers and investment counselors)

Achievements to date: C.A. Bancorp has created cash flow and capital gains through a series of investments and management contracts:

Public Market Investing

• Portfolio of investments consisting primarily of high-yielding income trusts, with a market value of approximately $25 million currently yielding over 9 % on cost
• Highlighted investment gains include: Norcast Income Fund, KCP Income Fund and Amtelecom Income Fund, which have collectively provided approximate realized and unrealized nominal returns (not including distributions) to date of over 20%, resulting mainly from merger/acquisition activity

Charter Realty Holdings Ltd. (TSX-V: CRH)

• Invested $2.4 million (57% ownership); total market value as of April 23, 2007 of $7.56 million – unrealized gain of $5.16 million (initially invested at an average of $0.20 per share – currently trading at $0.63 per share)
• Provided a $10 million credit facility with a 12% coupon payable to CA Bancorp for property acquisitions. $4.5 million has been advanced for the $38 million acquisition of Méga Centre Côte-Vertu in Quebec
• CA Bancorp is receiving an income stream for provision of management services

Sentry Select Total Strategy Fund (the “Fund” TSX: TSF.UN)

• CA Bancorp is the manager of the Fund and Sentry Select Capital Corp is its sub-advisor. The net asset value of the Fund has grown by approximately12.1% to $57.6 million since September 2006
• Generating gross management fees of $550,000 per year

Private Equity

• Actively bid for three private companies in the manufacturing and financial service sectors
• Continuing to experience significant proprietary deal flow of private companies

Near-term strategy : The Company continues to experience significant proprietary private company investment deal flow and continues to seek positions in both private and public entities of interest to CA Bancorp.

The Company continues to pursue catalyst/activist transactions in both private and public companies that are under-valued, with the goal of working with the companies’ board of directors and/or senior management to effect change and create value, or to facilitate going-private transactions.

The Company continues to pursue ownership or buy-out opportunities, joint venture partnerships and seed new funds to be managed by it. The Company has recently commenced marketing of an offering memorandum for its MidCap Event I Fund, which is expected to close in late 2007.

C.A. Bancorp Inc.: C.A. Bancorp Inc., a Toronto-based merchant bank and alternative asset investment manager, is involved in transactions with both private and public companies across a range of industries, predominantly in Canada, with a specific focus on mid-market investments in industrial, real estate, infrastructure and financial services. C.A. Bancorp conducts its business through two areas of focus: direct investing, and asset management for the institutional, high-net-worth and retail markets.

Charter Realty Holdings Inc.: Charter Realty Holdings Ltd. is focused on acquiring a portfolio of retail and mixed-use retail real estate comprised of stable cash flow and value-add properties from both primary and secondary markets throughout Canada, with the principal goal of generating a reliable and growing yield for its investors. The Company owns four commercial real estate properties located in Ontario and Quebec.

Sentry Select Capital Corp.: Sentry Select Capital Corp. provides management and administrative services to C.A. Bancorp. Sentry Select is a Canadian wealth management company who manages approximately $8 billion in gross assets as of March 31, 2007. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 35 reporting issuers, Sentry Select is the leading manager of entities listed on the Toronto Stock Exchange.

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