Canada's Pizza Delivery Corp. announces closing of private placement of common shares

    /NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

    CALGARY, April 5 /CNW/ - Canada's Pizza Delivery Corp. (TSXV: CPZ) (the
"Corporation") is pleased to announce that it has closed the previously
announced non-brokered private placement and issued 2,836,815 common shares at
$0.50 per common share for aggregate gross proceeds of $1,418,407.50. The
common shares sold under the financing are subject to a four-month hold
period. The net proceeds of the offering will be used for general corporate
purposes, including application to the purchase price of several new corporate
stores.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.

    Not for dissemination in the United States of America. This news release
shall not constitute an offer to sell or the solicitation of any offer to buy
securities of the Corporation in any jurisdiction, including the United
States. The Common Shares have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and have not been and will not be offered or sold
in the United States or to any U.S. person except in certain transactions
exempt from the registration requirements of the U.S. Securities Act and
applicable state securities laws.

For further information:

For further information: Roberto Ledeboer, Director of the Corporation,
at (403) 230-1151