egX Closes Non-Brokered Private Placement

The Company paid commissions of $104,020 and issued 711,466 compensation options on the private placement. Each option permits the holder to acquire one common share in the Company at a price of $0.15 per share for a period of 12 months from the date of closing. All securities issued in the private placement are subject to a hold period ending on October 30, 2008.

The Company also settled a total of $143,060.84 in debt through the issuance of 956,738 shares. These securities are subject to a hold period ending October 30, 2008.

About egX Group

egX Group is developing the egX, a global securities marketplace designed for the listing and trading of real estate and related financial products. 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, including the Company's business plan is made available at www.egXWorld.com.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein. Website: www.egXWorld.com