CIBT Announces Private Placement

CIBT School of Business & Technology Corp. (“CIBT”), a subsidiary of Capital Alliance Group Inc. (TSX-V: CPT) and a leading business school in China, is pleased to announce that it has received signed confirmations of interest, subject to approval of the subscription agreement from a pension fund and several accredited investors, to invest up to US$1 million into CIBT at US$ 1 per share. The closing date of this private placement is scheduled for the end of July.

On Behalf of the Board of Directors of CIBT.

Toby Chu
President and C.E.O

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