VICTORIA SQUARE VENTURES INC. ACQUIRES A MINORITY INTEREST IN THE SHARE CAPITAL OF CLUB DE HOCKEY LES REMPARTS DE QUÉBEC INC.

QUÉBEC, Feb. 26 /CNW Telbec/ - Victoria Square Ventures Inc. ("VSV"), a wholly-owned subsidiary of Power Corporation of Canada, announced today that it has acquired a minority interest in the share capital of Club de Hockey Les Remparts de Québec Inc. ("Remparts").

Remparts owns and operates primarily a hockey club called "Les Remparts de Québec", a team of the Ligue de Hockey Junior Majeur du Québec and the Séminaire St-François Blizzard, a team of the Ligue de Développement du Hockey Midget AAA du Québec.

In addition, through its subsidiaries, Remparts has the privilege of hosting each year in Québec City a Tier III "Women's Tennis Association" tennis tournament and owns a radio station broadcasting in the Québec City area on the AM band (CHRC, Québec 800). Furthermore, from time to time, Remparts supports sporting, community or charitable events in the Québec City area.

André Desmarais, Chairman of VSV, has declared: "We are pleased to become associated, through this interest, with a Québec City institution and with an extremely dynamic and proficient management team which shares the same social values and is committed to the development of the sports elite and the community in the greater Québec City area."

"The operations of Remparts are based on the development of sports and the community in the Greater Québec City area and this association will further our initial objectives, said Jacques Tanguay, co-owner of the Remparts de Québec. The owners of the Remparts are extremely proud of the trust shown in our organization by Mr. André Desmarais", he added.

SOURCE VICTORIA SQUARE VENTURES INC.

For further information:

For further information: Peter Kruyt, President and Chief Executive Officer, Victoria Square Ventures Inc., 751 Square-Victoria, Montréal, Québec, H2Y 2J3, Telephone: 514 286-7400

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VICTORIA SQUARE VENTURES INC.

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