egX Receives Proposed Order from OSC to Operate as an Exchange

egX Group (TSX VENTURE:GFG) is very pleased to report that the Ontario
Securities Commission (OSC) has published for comment a proposed order to
authorize egX Canada to carry on business as a stock exchange in Ontario.


The OSC has published, for a 30 day public comment period, the application filed
by egX together with the proposed order to exempt egX Canada and egX Group from
recognition as a stock exchange under section 147 of the Ontario Securities Act.
The proposed exemption is based on the recognition order from the British
Columbia Securities Commission, which is the principal regulator of egX Canada.


The comment period is open until August 11, 2008. The draft order and
application can be found in the OSC Bulletin which is available at:
www.osc.gov.on.ca.


The Company anticipates that the OSC will consider the grant of the final Order
following the review and resolution of any matters that may be brought forward
during the comment period.


"The growing trend towards the securitization of real estate and infrastructure
continues to accelerate. As a new securities exchange created to service the
real estate sector, we intend to create the largest peer group of real estate
and infrastructure issuers," states Mary Wong, President of egX Canada. "We look
forward to conducting business in Ontario as it is a vital market for egX
Canada."


About egX Group 

egX Group is developing egX, a global securities marketplace designed for the
listing and trading of real estate and infrastructure. The Company is preparing
to launch its first marketplace in Canada under egX Canada, a wholly-owned
subsidiary of egX Group. To achieve global presence and to penetrate
international markets under the egX brand, egX Group is partnering with
interested parties established in the key international financial centers in
Europe, the Middle East, the Asia-Pacific region, and the Americas. Additional
information is made available at www.egXWorld.com.