Canam Credit Company Hires New President and CEO

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Michael Richmond promoted to President and CEO of Canam Credit Company Inc.

Canam Credit Company Inc. is pleased to announce that after a six month transition period, the board of directors has promoted Michael S. Richmond to the role of President & CEO effective May 1, 2008.

The companies previous President, CEO, and founder, James T. White who resigned from the board on March 5, 2008, and subsequently an officer, and the President and CEO position on April 8, 2008, will remain employed full time as an adviser to the new President & CEO for an indefinite period to ensure the transition of authority is seamless.

The company wishes to advise this change was planned to allow James White the ability to work on his scheduled fifty city book tour that will promote the products and services of the company, and provide shareholder return and value.

For more information please contact Michael Richmond, Vice President of Finance at 403-984-2104.

About Canam Credit Company Inc.:
Canam Credit Company is a diversified financial services company that has representation across Canada and the United States. Our products include life insurance, short-term lending, factoring, debt counseling, term loans and credit repair.

For More Information contact:
Investor Relations
Canam Credit Company Inc.
(403) 235-1005

This press release may contain forward-looking statements with respect to Canam Credit Company and its operations, strategy, financial performance and condition. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of Canam Credit Company could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under "Risk Factors" in the Offering Memorandum. The cautionary statements qualify all forward-looking statements attributable to Canam Credit Company and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and Canam Credit Company has no obligation to update such statements.


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Michael Richmond
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