Pyxis Capital - Press release

    TORONTO, June 6 /CNW/ - In light of the results of the shares tendered to
1693062 Ontario Inc.'s Offers as outlined in its April 29, 2008 Take Over Bid
Circular and a pending Subsequent Acquisition Transaction, Pyxis announces
today that the board of directors will not declare a June 30, 2008 dividend on
its outstanding Dividend Shares.

    Pyxis is a financial services company. The Company's shares are listed on
the TSX under the symbol PYX, PYX.a and PYX.e.

    This press release includes certain forward-looking statements including
management's assessment of the Company's future plans and operations based on
current views and expectations. All statements other than statements of
historic facts are forward-looking statements. These statements contain
substantial known and unknown risks and uncertainties, some of which are
beyond the Company's control. The Company's actual results, performance or
achievement could differ materially from those expressed in, or implied by,
these forward-looking statements. Readers should not place undue reliance on
these forward-looking statements which represent estimates and assumptions
only as of the date on which such statements are made. The Company undertakes
no obligation to publicly revise or update any forward-looking statements,
whether as a result of new information, future events or otherwise.

    %SEDAR: 00023389E

For further information:

For further information: Andrew Kim, President and Chief Executive
Officer, PYXIS CAPITAL INC., 175 King Street East, 2nd Floor, Toronto,
Ontario, M5A 1J4, Telephone: (416) 867-9079, Facsimile: (416) 867-1961

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