Coventree Announces Transfer of Listing to NEX

Toronto Stock Exchange Symbol: COF

TORONTO, Oct. 15 /CNW/ - Coventree Inc. (TSX: COF) (the "Company") announced that, effective at the opening of trading on November 2, 2009, the Company's shares will commence trading on NEX under the trading symbol COF.H. NEX is a new and separate board of the TSX Venture Exchange. As at the close of trading on October 30, 2009, the Company's common shares will be delisted from the TSX.

In discussions with the TSX, it became apparent that the Company no longer meets certain of the TSX's continued listing requirements. For example, as a result of the Company's ongoing wind down of its business operations, the Company no longer meets the requirement to be "actively engaged in any ongoing business." In the circumstances, the Company decided to voluntarily delist its common shares from the TSX and apply for and obtain the listing on NEX.

%SEDAR: 00024386E

SOURCE Coventree Inc.

For further information: For further information: Craig Armitage, The Equicom Group Inc., Tel: (416) 815-0700 x278, Email: carmitage@equicomgroup.com

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Coventree Inc.

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