Cash Canada Announces Assignment Into Bankruptcy

TSX Venture Exchange

Symbol "CUL"

EDMONTON, Dec. 29 /CNW/ - Cash Canada Group Ltd. ("Cash Canada" or the "Company") (TSX Venture:CUL) announced that it is insolvent and has filed Form 21, Assignment for the General Benefit of Creditors, pursuant to section 49 of the Bankruptcy & Insolvency Act.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE CASH CANADA GROUP LTD.

For further information: For further information: Faber and Company Inc., Trustees in Bankruptcy c/o Dan Faber, CA*CIRP, Trustee in Bankruptcy, Telephone: (780) 944-1177, Facsimile: (780) 944-6979, E-mail: dfaber@fabercompany.com

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CASH CANADA GROUP LTD.

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