.C.A. Bancorp Provides Update on Its Strategic Process

(PressMethod) - C.A. Bancorp Inc. (TSX:BKP - News) ("C.A. Bancorp" or the "Company") reaffirms its commitment to its previously announced strategic review process. Although the process was initiated in response to the hostile take-over bid by Maxam Acquisition Corporation ("Maxam"), and Maxam has advised the Company that its offer would not be extended and therefore lapsed today, the Company will continue to pursue value maximizing alternatives.

As earlier disclosed, the Company is in advanced discussions with a number of interested third parties which have proposed transactions at values in excess of Maxam's expired offer, and the Company is also considering other alternatives which could yield values superior to Maxam's expired offer.

The Company will update shareholders further regarding its strategic review process as appropriate. There can be no assurance that the process will result in any alternative transaction.

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