CIBT International Education Exchange Center Commences Operations

December 16, 2005

Capital Alliance Group Inc. (TSX-V: CPT) reports that its subsidiary, CIBT School of Business & Technology Corp. (“CIBT”), has officially commenced operations at its International Education Exchange Centre (“IEEC”) in An Yang City, Henan Province, China.  IEEC is a joint venture between CIBT and the Education Bureau of the An Yang Municipal Government.  The IEEC’s goal is to develop the professional education market in its surrounding region.  During the grand opening of the IEEC, over a hundred guests from the municipal government, local schools and other organizations in the city were in attendance. Guest speakers at the grand opening required Mr. Chao, Secretary-General of the municipal government, Mr. Lu, Director of the Education Bureau, and representatives from various local schools and companies.

In their speeches, Mr. Chao and Mr. Lu both restated the decision of the government to support the center in its development of professional education. After the opening ceremony, a press conference was held with representatives from the local media, and a one-day educational workshop entitled “Anti-Dumping: a fatal problem facing Chinese exports and its solution,” was conducted by CIBT for a hundred executives from local export-oriented companies. Mr. Wu Yue, a well-known expert on the subject from the Ministry of Commerce, was the guest teacher.

About the International Education Exchange Centre

The IEEC will require training programs for local English teachers, both in An Yang and in Beijing; information dissemination to local students relating to entrance into overseas universities; recruitment of student’s for CIBT’s Beijing, Zhengzhou and Weifang locations; and training programs for local government and companies. Trainees of all IEEC programs will have opportunities to travel to Canada and the USA for short-term training programs. The IEECAY plans to apply for  college or university status  in due course.

About An Yang City

An Yang city has a population of 4.5 million people inclusive of its affiliated counties.  It is the fourth largest city in Henan Province, which has over 7,000 years of history and a population of approximately 92.5 million people.  Henan province is located at the center of China, north east of Shanghai.  The city’s core industries are tourism and manufacturing.

About CIBT

CIBT School of Business is a leading business, technology and technical school in China for over a decade.  CIBT operates three campuses in Beijing, two campuses in Weifang, and three learning centers in other cities in China. CIBT has academic partnerships with Beijing University of Technology and Weifang University, and delivers postsecondary business, technology and technical trade skill programs to students and corporations in China.  By cooperating with leading education providers in North America including Western International University a subsidiary of Apollo Group Inc; ITT Technical Institute; Wyotech Technical Institute, a subsidiary of Corinthian Colleges Inc; and other universities from Europe and Asia, CIBT delivers advanced curricula to meet the progressive needs of China’s growing student population.

Capital Alliance Group Inc.

“TOBY CHU”

Toby Chu

President & C.E.O.

Investor Relations Contact: Mr. James Neil * N. America Toll Free: 1-888-865-0901 Ext.322 * Email: info@cag-global.com

WARNING: This news release contains forward-looking information. The reader is cautioned that assumptions used in the preparation of such information, although considered accurate at the time of preparation, may prove incorrect. The actual results may vary materially from the information provided herein. Consequently, there is no representation by the company that actual results achieved will be the same as those forecast.

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