The Loyalist Insurance Group Limited announces refiling of revised second quarter 2008 results

    ANCASTER, ON, Oct. 7 /CNW/ - The Loyalist Insurance Group Limited (the
"Company") (TSX Venture Exchange - NEX symbol: LOY.H) announces that it has
filed on SEDAR the revised un-audited financial statements for the second
quarter ending June 30, 2008, to include the current interim three month
period as required under CICA Handbook section 1752, Interim Financial
Statements. The prior statements dated July 24, 2008 did not include the
current interim three month period.
    The Company emphasizes that the revised interim un-audited financial
statements do not involve the restatement of financial information published
previously by the Company.
    The above-noted documents have been posted on SEDAR and may be viewed at

    The Loyalist Insurance Group Limited is a financial services holding
company primarily involved, through its subsidiary in the retail insurance
brokerage business.

    The TSX Venture Exchange - NEX has neither approved or disapproved of the
    information contained herein.

    %SEDAR: 00009147E

For further information:

For further information: Mr. Donald Coons, President & CEO, The Loyalist
Insurance Group Limited, (905) 648-8637 x 247

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Loyalist Group Limited

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