TSX Venture Exchange seek leave to appeal from BC Securities Commission decision regarding William John Nichols

    VANCOUVER, June 27 /CNW/ - TSX Venture Exchange today announced that it
intends to apply to the BC Court of Appeal for leave to appeal from the
decision of the BC Securities Commission regarding the suitability of William
John Nichols. In late 2005, TSX Venture Exchange found Mr. Nichols unsuitable
to provide investor relations services to TSX Venture listed issuers. The
decision was based upon: (a) Mr. Nichols' failure to disclose 19 of 20 of his
prior criminal convictions on his Personal Information Form filed with the
Exchange (Mr. Nichols disclosed only his first degree murder conviction on
that form), (b) Mr. Nichols' demonstrated history of dishonesty as a result of
prior convictions for extortion, robbery, theft and breaking and entering, and
(c) the fact that Mr. Nichols' involvement with TSX Venture issuers would
negatively impact on the Exchange's reputation. Mr. Nichols appealed the
Exchange's decision to the BC Securities Commission. On June 7, 2007, the BC
Securities Commission overturned the Exchange's decision.
    Kevan Cowan, President of TSX Venture Exchange said, "We have the
greatest respect for the British Columbia Securities Commission and the work
it does to maintain healthy and vibrant capital markets in British Columbia.
However, following our careful review of this decision we believe it to be
critically important that we seek leave to have the decision reviewed with the
objective of reinstating our original decision regarding suitability for
participation in the TSX Venture marketplace."

    About TSX Group Inc. (TSX-X)
    TSX Group operates Canada's two national stock exchanges, Toronto Stock
Exchange serving the senior equity market and TSX Venture Exchange serving the
public venture equity market, Natural Gas Exchange (NGX), a leading North
American exchange for the trading and clearing of natural gas and electricity
contracts and Shorcan Brokers Limited, the country's first fixed income
inter-dealer broker. TSX Group also owns The Equicom Group Inc., a leading
provider of investor relations and related corporate communication services in
Canada. TSX Group is headquartered in Toronto and maintains offices in
Montreal, Winnipeg, Calgary and Vancouver.

For further information:

For further information: Steve Kee, Director, Corporate Communications,
TSX Group Inc., Toronto Office, (416) 947-4682, Toll Free 1-888-873-8392,
Cellular (416) 358-3714, Vancouver Office (604) 602-6902, Calgary Office (403)
218-2892, steve.kee@tsx.com

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