Wall Financial Corporation - News release

    VANCOUVER, Oct. 22 /CNW/ - The Directors of Wall Financial Corporation
(the "Company") today declared a cash dividend of $0.20 for each Common Share
without par value in the capital of the Company (the aggregate of the dividend
being approximately $6,412,673) to the holders of record of the Common Shares
without par value on the 6th day of November, 2007 to be payable on or before
the 21st day of November, 2007. The Company, for the purposes of the Income
tax Act (Canada) and any similar provincial legislation, notifies that the
dividend declared on October 22, 2007 is designated as an eligible dividend,
and that all future dividends are designated as "eligible dividends", unless
indicated otherwise.
    The above information is expressed in Canadian dollars and is prepared in
accordance with Canadian generally accepted accounting principles.

    Wall Financial Corporation is a B.C. based real estate company active in
the development and management of residential rental apartments, development
and construction of residential housing for resale, and the development and
management of hotel properties.

    The Toronto Stock Exchange does not accept responsibility for the
    adequacy and accuracy of this release. The Toronto Stock Exchange has
    neither approved nor disapproved of the contents of this release.

    Bruno Wall

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.

    %SEDAR: 00002080E

For further information:

For further information: Bruno Wall, President, WALL FINANCIAL
CORPORATION (TSX:WFC), 3502 - 1088 Burrard Street, Vancouver, British
Columbia, V6Z 2R9, (604) 893-7131

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