News Release

Vancouver – The B.C. Securities Commission cease-traded the securities of three companies and banned an insider of the companies from the securities markets for 12 years.

In a settlement made public today, the BCSC cease-traded the securities of Aspen Capital Management Inc., Cambria Bancorp Ltd. and 3644871 Canada Inc. (Aspen Group). In the same settlement, Kenneth Kim Leiske, of White Rock, B.C., who was a mutual fund salesperson and, at various times, a director or executive at the companies was banned from:
· Trading for 12 years, except in one personal account
· Being a director or officer of any company
· Engaging in investor relations

Over the years, Aspen Capital was registered as a securities dealer, mutual fund dealer and portfolio manager. During this time, it breached securities laws when it failed to:
· Keep client investment funds separate from its operating funds
· Calculate and send to mutual funds the interest earned on client money held for the funds
· Maintain the capital required under securities laws

Leiske agreed that he breached securities laws when he sold Cambria shares and helped sell Aspen Group shares to investors without a prospectus or registration and when he gave false information to a chartered accountant to assist in the sale of the Aspen Group shares.

In connection with this matter, earlier this month, the BCSC settled with three other mutual fund salespeople and, will hold a hearing beginning April 22, 2004 to deal with allegations against the remaining three respondents.

The B.C. Securities Commission is an independent provincial government agency responsible for regulating trading in securities within the province. The settlement can be accessed through the commission’s website www.bcsc.bc.ca or by contacting Andrew Poon, Media Relations, 604-899-6880.