egX Applies to Re-Price Warrants

VANCOUVER, BRITISH COLUMBIA - (Marketwire - Aug. 19, 2008) - egX Group (TSX VENTURE:GFG) announces that it has applied to re-price 1,873,588 common share purchase warrants in connection with a $468,397 non-brokered private placement financing that closed April 22, 2008.

Subject to TSX Venture Exchange approval, the holders of the warrants may exercise the warrants at the amended price of $0.17 until April 22, 2010. In the event that the common shares of the Company are traded on the TSX Venture Exchange at a price of $0.23 or more for ten consecutive trading days (the "Premium Trading Days"), the warrants will expire on the earlier of April 22, 2010 and 4:30 p.m. (Pacific Time) on the date which is 30 calendar days after Premium Trading Days has occurred. The 30 day period will commence seven calendar days after the tenth Premium Trading Day.

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.

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

Tags: ,Real Estate and Construction,Commercial Real Estate,STOCK/OTHER MARKET NEWS

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egX Applies to Re-Price Warrants