Tri-White Corporation announces executive appointments

    Stock Symbol: (TSX: TWH)

    TORONTO, Dec. 28 /CNW/ - Tri-White Corporation ("Tri-White") today
announced the appointment of Robert Wright as Chief Financial Officer. Mr.
Wright, a graduate of McMaster University's Bachelor of Commerce program,
holds a C.A. designation. Mr. Wright is currently Chief Financial Officer of
Renasant Financial Partners Ltd., and brings more than 25 years experience in
finance, tax and accounting to Tri-White.
    He replaces Donald Turple, who, after eight years as CFO, moves into the
new position of Vice President, Corporate Development.
    Rai Sahi, Chief Executive Officer stated, "We are pleased to announce
these appointments as we add management strength to the organization. Over
Tri-White's ten year history, we have experienced solid growth in the
underlying value of our investments, and have been able to sustain a
meaningful cash dividend. We look forward to growth in our business units and
continued success."

    Tri-White Corporation holds a diverse merchant banking portfolio.
Tri-White is the largest shareholder, with a 70% interest, in ClubLink
Corporation, Canada's leading owner, operator and developer of high quality
member golf clubs, daily fee golf clubs and golf resorts with 40 properties in
Canada. As well, Tri-White is the largest shareholder of Renasant Financial
Partners Ltd. and owns a 100% interest in the historic White Pass & Yukon
Route Railway, including strategic holdings in the port operations and
supporting excursions, based in Skagway, Alaska.

    %SEDAR: 00009355E

For further information:

For further information: K. Rai Sahi, Chief Executive Officer, Tel:
(905) 281-3800, Fax: (905) 281-5890, e-mail:

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