ACQUISITION OF SHARES OF OLYMPIA FINANCIAL GROUP INC.

CALGARY, April 7 /CNW/ - Further to disclosure requirements of applicable securities laws, Richard Skauge (on his own behalf and on behalf of entities controlled by Richard Skauge) reports that on April 6, 2011 Target Capital Inc. ("Target") purchased 1,000 common shares ("Shares") of Olympia Financial Group Inc. ("OFGI") through the facilities of the TSX Venture Exchange (the "Transaction").  Mr. Skauge is the controlling shareholder of Target.  Upon completion of the Transaction, Mr. Skauge and his related entities (including Target) beneficially own and control 795,586 Shares or approximately 32% of the total issued and outstanding Shares of OFGI.  Of these 795,586 Shares, an aggregate of 76,700 Shares are held by Skauge directly; 16,342 Shares are held by Skauge's RRSP; 578,635 Shares are held by Tarman Inc. (a private issuer controlled by Skauge); 117,600 Shares are held by Target (a public company listed on the TSXV which is controlled by Skauge); 6,200 Shares are held by Read Brandon Inc. (a private issuer controlled by Skauge); and 109 Shares are held by KMC Capital Inc. (a private issuer controlled by Skauge).  The Transaction was made for investment purposes.  Mr. Skauge and his related entities may increase or decrease their investment in OFGI depending on market conditions or any other relevant factors.

For further information:

Mr. Richard K. Skauge
2300, 125 - 9th Avenue S.E.
Calgary, Alberta  T2G 0P6
Tel:  (403) 261-7501

Profil de l'entreprise

Richard Skauge

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