Tarquin Group Provides Update

    OTTAWA, July 7 /CNW Telbec/ - Tarquin Group Inc. (TSXV: TQN) today
announced that its creditors have sold the assets of Tarquin Group and its
subsidiaries to third parties that, to the knowledge of Tarquin Group, intend
to carry on such businesses and Tarquin Group and its subsidiaries have ceased
operations and activities. All directors and officers of Tarquin Group and its
subsidiaries have resigned.

For further information:

For further information: Tarquin Group Inc., (613) 236-3334

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