Zaio Corporation - News Release



    
    /NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
    DISTRIBUTION TO US NEWSWIRE SERVICES/

    TSX Venture Exchange Symbol: ZAO
    

    CALGARY, Oct. 17 /CNW/ - Zaio Corporation (TSX-V: ZAO) announced today
that the Board of Directors has approved the issuance of 134,500 share options
(the "Options") to a director, officers, and an employee of Zaio at an
exercise price of $0.09 per share. The options vest over three years and have
a five year term.

    About Zaio

    Zaio is a technology and database company. The Zaio network of appraisers
currently serves 500 lenders with a variety of nationwide appraisal services.
Zaio maintains a secure database of 140 million properties and its affiliated
appraisers are now site verifying property data, photos and appraisals of
virtually every property in America. Zaio's network of local appraiser experts
appraise entire cities, one building at a time using a proprietary
"GeoScore(TM)" rating system. Zaio trades under the symbol "ZAO" with
additional information available under the symbol "ZAOFF".

    
    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS RELEASE.
    

    %SEDAR: 00020572E




For further information:

For further information: Lisa Lyscio, Manager, Investor Relations, (480)
449-2606

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Zaio Corporation

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