Leader Capital Announces Results from October 12, 2007 Annual and Special Shareholders Meeting

    Listing: TSX Venture Exchange, Symbol "LDR"
    Issued and Outstanding Common Shares: 14,560,918

    TORONTO, Oct. 16 /CNW/ - Leader Capital Corp. ("Leader" or "the Company")
is pleased to announce that all matters outlined in the Information Circular
dated September 13, 2007 were approved by shareholders at the Annual Meeting
held on October 12, 2007.
    The Company wishes to advise shareholders that effective October 20,
2007, shareholders holding less than 50 shares will cease to be shareholders
as a result of the approved consolidation of the Company's shares. Effective
October 22, 2007, the Company's shares will trade under a new CUSIP number,
52168T204, but otherwise the transaction will have no effect on any
shareholder holding 50 shares or more of the Company.


    "Magaly Bianchini"

    Statements in this news release that are not historical facts, including
statements about plans and expectations regarding properties, reserves,
transactions and opportunities, capital resources and future financial results
are forward-looking. Forward-looking statements involve risks and
uncertainties, which may cause the Company's actual results in future periods
to differ materially from those expressed. These uncertainties and risks
including changing gas and commodity prices and currency exchange rates,
demand for gas, lack of success of future exploration and development,
competition and other factors discussed from time to time in the Company's
filings with the Ontario Securities Commission.

    Neither the TSX Venture Exchange nor any securities regulatory authority
    has approved or disapproved of this news release.

For further information:

For further information: Magaly Bianchini at (telephone) (416) 304-1913

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