Newfoundland Capital confirms 3 for 1 stock split

DARTMOUTH, NS, Nov. 24 /CNW/ - Newfoundland Capital Corporation Limited (the "Company") (TSX: NCC.A, NCC.B) announces that its Class A Subordinate Voting Shares (the "Class A Shares") and the Class B Common Shares (the "Class B Shares") will commence trading on a three for one split basis at the opening of business on Wednesday, November 25, 2009.

Shareholders do not need to do anything with their existing share certificates. Additional share certificates representing two additional Class A Shares and two additional Class B Shares for each Class A Share and each Class B Share held as of the record date, respectively, will be mailed out to shareholders shortly after the record date of November 27, 2009.

About Newfoundland Capital Corporation Limited

Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) is one of Canada's leading radio broadcasters with 81 licences across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.

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SOURCE Newfoundland Capital Corporation Limited

For further information: For further information: REF: Robert G. Steele, President and Chief Executive Officer; Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 745 Windmill Road, Dartmouth, Nova Scotia B3B 1C2, Tel: (902) 468-7557, Fax: (902) 468-7558, e-mail: investorrelations@ncc.ca, Web: www.ncc.ca

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Newfoundland Capital Corporation Limited

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