PRESS RELEASES - 2006

Tri-White Corporation announces 2005 year
end results and regular dividend of $0.06 per share

Tuesday February 28, 5:41 pm ET

Tri-White Corporation (TSX: TWH)

TORONTO, Nov. 11 /CNW/ - Tri-White Corporation ("Tri-White") today announced that it has filed an amended and restated management information circular on SEDAR for its annual general meeting of shareholders held on April 27, 2005.

The amended disclosure in the information circular addresses a request of the Ontario Securities Commission to apportion a management fee paid to Morguard Corporation among Tri-White's executive officers (the amounts were not actually paid to such officers by Tri-White).

The information circular was also amended to provide for expanded disclosure with respect to certain historic cease trade orders issued in respect of companies for which one of Tri-White's directors is or has been a director or officer.

Tri-White Corporation holds a diverse merchant-banking portfolio. Tri-White is presently the largest shareholder of ClubLink, Canada's leading owner, operator and developer of high quality member golf clubs, daily fee golf clubs and golf resorts. As well, Tri-White is the largest shareholder of Clearlink Capital Corporation. Clearlink provides customized financing, asset management and equipment trading services to large organizations through the acquisition of technology and related equipment. In addition, Tri-White owns a 100% interest in the historic White Pass & Yukon Route Railway, with strategic holdings in the port operations and supporting excursions, based in Skagway, Alaska.

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For further information
Don Turple, Chief Financial Officer
Tel: (416) 367-6877
Fax: (416) 637-6890
e-mail: dturple@morguard.com

Download press release in pdf format.

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