OSC Obtains Court Order Appointing KPMG as Receiver Over Affairs of New Life Capital Corp.

News Release
Ontario Securities Commission 20 Queen St. W. Box 55, Suite 1900 Toronto, ON M5H 3S8	Commission des valeurs mobilières de l'Ontario	FOR IMMEDIATE RELEASE December 19, 2008

TORONTO - As a result of an application by the Ontario Securities Commission (OSC), the Superior Court of Justice (Commercial Court) issued an endorsement on December 17, 2008 approving an order appointing KPMG as receiver and manager of all of the property of New Life Capital Corp. and its related entities (New Life). The application was not opposed by New Life.

Under section 129 of the Securities Act, the OSC may apply to the Court for an order appointing a receiver and manager where it is in the best interests of, among others, security holders or subscribers of the company over which the receiver and manager is appointed, or where it is appropriate for the due administration of Ontario securities law.

A copy of the Court Order is posted on the OSC's website at www.osc.gov.on.ca.

Clients of New Life who may have questions concerning the receivership should contact KPMG at 416-777-8500.

For Media Inquiries:	Wendy Dey Director, Communications & Public Affairs 416-593-8120 Laurie Gillett Manager, Public Affairs 416-595-8913 Carolyn Shaw-Rimmington Assistant Manager, Public Affairs 416-593-2361
For Investor Inquiries:	OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)