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2006 News Releases Grey Horse Capital Reports Strong First Quarter Earnings Toronto, Ontario, November 8, 2006 – Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse” or “the Corporation”), a Canadian financial services firm providing transfer agency and corporate trust services to issuers in the North American capital markets, reported today its financial results for its first quarter ended September 30, 2006.(1) Grey Horse Capital Announces New President Of Equity Transfer & Trust Company Toronto, Ontario, October 4, 2006 – Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse” or “the Corporation”), a financial services firm in Canada providing transfer agency and corporate trust services today announced that it has appointed Paul G. Smith as President of its wholly-owned subsidiary, Equity Transfer & Trust Company (“Equity”), effective immediately. Mr. Smith has been Chief Financial Officer of Equity since December 2004. Mr. Smith is also Chief Financial Officer and Executive Vice President of Grey Horse. Grey Horse Capital Reports Strong Fiscal 2006 Earnings Toronto, Ontario, September 27, 2006 – Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse” or “the Corporation”), a financial services firm in Canada providing transfer agency and corporate trust services to issuers in the North American capital markets today reported its financial results for its fiscal year ended June 30, 2006 (“F2006”). Grey Horse Capital Change of Financial Year End Toronto, Ontario, September 27, 2006 - Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse Capital” or "the Company") announced today that the board of directors has approved a change in the Company’s financial year-end from June 30 to December 31, starting with the financial period July 1, 2006 to December 31, 2006. Equity Transfer and Trust Company: Canada’s Newest Trust Company Grey Horse Completes Private Placement; Subsidiary Receives Federal Trust Charter Toronto, Ontario, June 8, 2006 – Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse” or “the Corporation”), a financial services company headquartered in Canada, today announced that its wholly-owned subsidiary, Equity Transfer Services Inc, was granted letters patent from the Office of the Superintendent of Financial Institutions (“OSFI”) to continue as a federal trust company under the federal Trust and Loans Companies Act and, effective immediately, operates under the name Equity Transfer and Trust Company (“Equity”). Grey Horse Announces Private Placement Toronto, Ontario, June 7, 2006 – Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse” or “the Corporation”), a financial services company headquartered in Canada, today announced the completion of a private placement for proceeds of $100,004 in exchange for 17,392 common shares of the Corporation at a price of $5.75 per common share. No agent’s fees or commissions were paid in respect of the private placement. After the closing of the private placement, the Corporation has 4,712,714 common shares issued and outstanding. Grey Horse Capital Retires ROI Debenture Toronto, Ontario, June 1, 2006 – Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse Capital” or “the Corporation”), a financial services company headquartered in Canada, today announced that its wholly owned subsidiary, Equity Transfer Services Inc. (“Equity Transfer”), has retired and fully reimbursed its Secured Debenture with ROI Innovation Fund Inc. (“ROI ”). Grey Horse Announces Private Placement Financing Toronto, Ontario, May 15, 2006 – Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse”) announces today that it has entered into an agreement with Dundee Securities Corporation (“Dundee”).  Dundee has agreed on a best efforts basis to raise up to approximately $4.75 million by way of a private placement. This private placement is subject to TSX approval. Grey Horse Capital Reports Strong Third Quarter Earnings Toronto, Ontario, May 2, 2006 – Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse” or “the Corporation”), a financial services company headquartered in Canada, today reported its financial results for the third quarter ended March 31, 2006 (“third quarter F2006”). Grey Horse Commences Trading On The Toronto Stock Exchange Toronto, Ontario, March 15, 2006 – Grey Horse Capital Corporation (TSX:GHC) (“Grey Horse” or “the Corporation”), a financial services company headquartered in Toronto is pleased to announce that it has officially joined the Toronto Stock Exchange (“TSX”). Grey Horse will begin trading on the TSX effective Wednesday, March 15, 2006 under the symbol “GHC”. Grey Horse Capital Reports 2nd Quarter Earnings Toronto, Ontario, February 9, 2006 – Grey Horse Capital Corporation (TSXV:GHC) (“Grey Horse Capital” or “the Corporation”), a financial services company headquartered in Canada, today reported its financial results for the second quarter ended December 31, 2005 (“second quarter F2006”). Grey Horse Capital Announces New President of Equity Transfer Services Toronto, Ontario, January 3, 2006 – Grey Horse Capital Corporation (TSXV:GHC) (“Grey Horse Capital” or “the Corporation”), a financial services company headquartered in Toronto, today reported that it has named Richard Barnowski as President of its wholly-owned subsidiary, Equity Transfer Services Inc. (“Equity Transfer Services”), effective immediately.

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