Target Capital completes private placement and announces management changes

    15,278,951 Class A Common

    CALGARY, March 13 /CNW/ - Target Capital Inc. ("Target" or the "Company")
is pleased to announce that is has completed a private placement of 1,340,450
Class A Common Shares at a price of $0.40 per share for aggregate proceeds of
$536,180. The shares are subject to a four month hold period expiring on July
11, 2008. The Company plans to invest the proceeds.
    The Company also announces that the Board of Directors has appointed Rick
Skauge as Chief Executive Officer, Craig Skauge as President and Dewar
McCarthy as Vice President, Finance and Chief Financial Officer effective
    Target is a reporting issuer in Alberta engaged in the investment
business. The Company's shares are not listed on any stock exchange.


    This news release may contain certain forward-looking statements,
including management's assessment of future plans and operations, and capital
expenditures and the timing thereof, that involve substantial known and
unknown risks and uncertainties, certain of which are beyond the Company's
control. Such risks and uncertainties include, without limitation, risks
associated with the investment business, delays resulting from or inability to
obtain required regulatory approvals and ability to access sufficient capital
from internal and external sources, the impact of general economic conditions
in Canada, the United States and overseas, industry conditions, changes in
laws and regulations (including the adoption of new environmental laws and
regulations) and changes in how they are interpreted and enforced, increased
competition, the lack of availability of qualified personnel or management,
fluctuations in foreign exchange or interest rates, stock market volatility
and market valuations of companies with respect to announced transactions and
the final valuations thereof, and obtaining required approvals of regulatory
authorities. The Company's actual results, performance or achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurances can be given that
any of the events anticipated by the forward-looking statements will transpire
or occur, or if any of them do so, what benefits, including the amount of
proceeds, that the Company will derive therefrom. Readers are cautioned that
the foregoing list of factors is not exhaustive. All subsequent
forward-looking statements, whether written or oral, attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date of this news
release and the Company does not undertake any obligation to update publicly
or to revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by applicable securities laws.

For further information:

For further information: Rick Skauge, Chief Executive Officer, Target
Capital Inc., No. 2300, 125 - 9th Ave. SE, Calgary, Alberta, T2G 0P6,
Telephone: (403) 261-7501, Facsimile: (403) 265-1455

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