Harvey Frisch - Press Release

    TORONTO, March 9 /CNW/ - Harvey Frisch placed an order through the
facilities of the Toronto Stock Exchange on February 23, 2007 which resulted
in the acquisition of ownership and control of 5,500,000 common shares (the
"Shares") of Counsel Corporation (the "Company"). As a result of this
acquisition, Mr. Harvey Frisch, together with a joint actor (his spouse), had
ownership and control over an aggregate of 6,037,297 Shares representing
approximately 12.9% of the issued and outstanding Shares of the Company as of
February 23, 2007. However, upon settlement of the trades on February 28,
2007, Mr. Harvey Frisch acquired ownership of only 3,500,000 Shares and
Mr. Randy Frisch, the adult son of Mr. Harvey Frisch, acquired ownership of
2,000,000 Shares. Until March 7, 2007, Mr. Harvey Frisch exercised control
over the aggregate 5,500,000 Shares, but now only owns and exercises control
over the 3,500,000 Shares. Mr. Randy Frisch acquired sole control over the
2,000,000 Shares effective March 7, 2007. After the effective allocation of
ownership and transfer of control of these 2,000,000 Shares, Mr. Harvey
Frisch, together with a joint actor (his spouse), has ownership and control
over an aggregate of 4,037,297 Shares representing approximately 8.6% of the
issued and outstanding Shares. Of such number of Shares, Annice Frisch (Mr.
Harvey Frisch's spouse) owns and controls 69,900 Shares. Mr. Harvey Frisch and
Mr. Randy Frisch are not acting jointly or in concert. The Shares were
originally acquired and continue to be held for investment purposes.
Mr. Harvey Frisch does not currently have any future intention to acquire
ownership of, or control over, additional securities of the Company. A report
with additional information in respect of the foregoing will be filed on SEDAR
and will be available at www.sedar.com.

For further information:

For further information: Harvey Frisch, 18 Raitherm Road, Toronto, M6B

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