C.A. Bancorp Inc. (TSX-V: BKP) raises gross proceeds of $38.8 million after exercise of over-allotment for $674,490

TORONTO: C.A. Bancorp Inc. (the “Company”) is pleased to announce that it has issued an additional 2,248,300 common shares for gross proceeds of $674,490 pursuant to the exercise by the agents of their over-allotment option.

Gross proceeds: Including the over-allotment, the total gross proceeds of the Company’s recent public offering are $38,751,177.

Use of proceeds :The Company intends to use the net proceeds of the Offering: (i) to fund direct investments; (ii) to establish, invest in and manage private equity funds and structured products; and (iii) for general corporate and working capital purposes.

Trading information: C.A. Bancorp Inc. common shares trade on the TSX Venture Exchange under the symbol BKP. As of December 15, 2006, the closing price on the TSX-V was $0.31 per common share.

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.

Sentry Select Capital Corp: C.A. Bancorp Inc. is an affiliate of Sentry Select Capital Corp., a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations (including preferred securities and debentures), 19 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. As of November 30, 2006, the firm had approximately $8 billion in gross assets under management.

Agents: A syndicate of agents included National Bank Financial Inc., CIBC World Markets Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., Blackmont Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc. and Raymond James Ltd.

The securities offered hereby have not been registered under the U.S. Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

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