EARLY WARNING REPORT PURSUANT TO NATIONAL INSTRUMENT 62-10

TORONTO: C.A. Bancorp Inc. (“C.A. Bancorp”) announces that it has acquired 9,500,000 common shares of Charter Realty Holdings Ltd. (“Charter”) as part of a private placement by Charter of 15,000,0000 common shares at a price of $0.20 per common share (the “Private Placement”). 

Prior to the Private Placement, C.A. Bancorp held 2,500,000 common shares of Charter, representing 41.7% of the outstanding common shares of Charter.  After giving effect to the acquisition, C.A. Bancorp holds 12,000,000 common shares of Charter, representing 57.1% of the outstanding common shares of Charter.

The acquisition was effected through an issuance from treasury.  The common shares of Charter were acquired for investment purposes.  C.A. Bancorp, together with joint actors may from time to time, depending on market and other conditions, increase its beneficial ownership, control or direction over the common shares or other securities of Charter, through market transactions, private agreements, treasury issuances, acquisition and exercise of convertible securities, or otherwise.

An early warning report in respect of the above noted transaction will be filed on SEDAR and will be available at www.sedar.com.

The Exchange Tower
130 King Street West, Suite 2850,
Toronto, Ontario M5X lA4

For further information, please contact:
Paolo De Luca, (416) 214-5985 ext. 510
The Exchange Tower
130 King Street West, Suite 2850,
Toronto, Ontario M5X lA4

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