CANADIAN HELICOPTERS GROUP INC. DECLARES MONTHLY DIVIDENDS

MONTREAL, Jan. 14 /CNW Telbec/ - Canadian Helicopters Group Inc. (the "Group") (TSX: CHL.A and CHL.B) announced today that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of February 15, 2011, March 15, 2011 and April 15, 2011 to holders of record at the close of business January 31, 2011, February 28, 2011 and March 31, 2011, respectively.

The foregoing dividends are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.

Canadian Helicopters' Board of Directors reviews the applicable dividend rates on a quarterly basis. Shareholders are entitled to receive dividends only when any such dividends are declared by Canadian Helicopters' Board of Directors, and there is no entitlement to any dividend prior thereto.

ABOUT CANADIAN HELICOPTERS GROUP INC

Through Canadian Helicopters Limited, Canadian Helicopters Group Inc. is the largest helicopter transportation services company operating in Canada and one of the largest in the world based on the size of its fleet. With over 35 base locations across Canada, Canadian Helicopters provides helicopter services to a broad range of sectors, including emergency medical services, infrastructure maintenance, utilities, oil and gas, mining, forestry and construction. In addition to helicopter transportation services, Canadian Helicopters operates two flight schools, provides third party repair and maintenance services in Canada and provides military support in Afghanistan. With over 60 years of experience, Canadian Helicopters is an industry leader in establishing safety standards and operating procedures.

SOURCE CANADIAN HELICOPTERS GROUP INC.

For further information:

Canadian Helicopters Group Inc.
Don Wall
President and Chief Executive Officer
Tel.: 780-429-6919
Tel.: 450-452-3007

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CANADIAN HELICOPTERS GROUP INC.

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