CIBT Appoints External Advisor

December 16, 2003

CIBT School of Business & Technology (“CIBT”), a subsidiary of Capital Alliance Group Inc. (TSX-V:CPT) and a leading business school in China, announced today that Madam Guo Yiqing will join CIBT’s external advisory committee.

Madam Guo was the Education Counselor for the Consulate General of The People’s Republic of China before her retirement in 2000. Over the past 30 years, she has represented China’s Ministry of Education at Chinese embassies and consulates located in New York, Washington, Australia and Canada. From 1983 to 1992, Madam Guo served as the Division Chief of American Oceania Affairs, Foreign Affairs Bureau, and Ministry of Education of People’s Republic of China. From 1979 to 1983, Madam Guo served as Third Secretary at the Chinese Embassy in Washington, DC, also Vice Consul at China’s Consulate General in New York.

In addition to her exemplary service as a diplomat, Madam Guo was a scholar and teaching professor at Nankai University, China. As a professor and leader in the exchange of high quality international academia, Madam Guo has extensive experience and contacts in both the education and international political circles.

“We are delighted to welcome a true visionary with impressive credentials such as Madam Guo to become a member of CIBT’s advisory committee,” stated Toby Chu, President and CEO of CIBT. “We are assembling a team of industry experts to advise and guide the company’s future expansion. Our external advisory committee, comprised of industry professionals from North America and China, possess a wealth of knowledge and experience that will greatly benefit the CIBT management team.”

About CIBT 

Founded in 1994, CIBT School of Business is a recognized business school in Beijing, China. CIBT operates three campuses in Beijing and three learning centres in other cities in China. CIBT has an academic partnership with Beijing University of Technology and delivers postsecondary business and technology education to students and corporations. By cooperating with leading education providers in North America, Europe and Asia, CIBT continually develops advanced curricula to meet the needs of China’s growing economy.

On Behalf of the Board of Directors of CIBT.

Toby Chu
President and C.E.O

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