C.A. Bancorp Inc. Receives Value of $1,200,000 from the Sale of the Assets of Everus Communications Inc. to Barrett Xplore Inc.

C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) announces the sale
to Barrett Xplore Inc. ("BXI") of substantially all of the assets of Everus
Communications Inc. and 2137532 Ontario Inc. (collectively, "Everus") including
contracts with rural wireless customers and related network assets. The
transaction represents the culmination of a marketing and sales effort conducted
by BDO Canada Limited ("BDO"), in its capacity as Court-appointed interim
receiver of all the assets, undertakings and properties of Everus. CCC
Investment Banking acted as agent for BDO throughout the sales process.


Transaction Overview  

C.A. Bancorp, as senior secured creditor of Everus, received approximately $1.2
million in consideration, subject to certain post-closing adjustments. The
majority of the consideration was satisfied by a promissory note, convertible
into BXI common shares within the next twelve months. 


"As Canada's largest provider of rural broadband services, BXI is well
positioned to integrate and expand Everus' operations in serving rural customers
in southwestern Ontario," said C.A. Bancorp President, Mark Gardhouse. "We are
excited to become a shareholder of BXI as it executes on a compelling market
opportunity."


C.A. Bancorp Inc.  

C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset
manager that provides investors with access to a range of private equity and
other alternative asset class investment opportunities. C.A. Bancorp is focused
on investments in small- and middle-capitalization public and private companies,
with emphasis on the industrials, real estate, infrastructure and financial
services sectors.


This news release contains forward-looking statements. These statements relate
to anticipated future events, results, circumstances, performance or
expectations that are not historical facts but instead represent C.A. Bancorp's
beliefs regarding future events. Often, but not always, forward-looking
statements can be identified by the use of forward-looking words such as "will",
"expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue",
similar words or the negative thereof, or variations of such words and phrases
that certain actions, events or anticipated outcomes "may", "would" or "might"
be taken, occur or be achieved. There can be no assurance that the plans,
intentions or expectations upon which these forward-looking statements are based
will occur. The future business, operations and performance of C.A. Bancorp
discussed herein could differ materially from those expressed or implied by such
statements. Such forward-looking statements are qualified in their entirety by
the inherent risks and uncertainties surrounding future expectations.
Forward-looking statements are based on a number of assumptions which may prove
to be incorrect. The Company cautions that risk factors discussed in applicable
continuous disclosure filings required by law that the Company has made and
filed on SEDAR including its MD&A and annual information form, should also be
considered carefully and that undue reliance not be placed on forward-looking
statements as events and results could differ materially from those expressed or
implied by forward-looking statements made by the Company. The cautionary
statements qualify all forward-looking statements attributable to C.A. Bancorp
and persons acting on its behalf. Unless otherwise stated, all forward-looking
statements speak only as of the date of this press release. C.A. Bancorp does
not undertake, and specifically disclaims, any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, unless required by applicable law. 




C.A. Bancorp Inc.  
The Exchange Tower                    
130 King Street West                  
Suite 2810, P.O. Box 104              
Toronto, Ontario M5X 1A4              
Telephone: [phone]                  
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