Mr. Lynden will operate from egX's office located in The Exchange Tower at 130 King Street West, Toronto, Ontario.

Mr. Lynden has over 19 years experience covering all aspects of the technology business including 4 years as Director, Business Solutions at TSX Group in Toronto. Previously, Mr. Lynden worked 15 years with IBM Global Services Canada, the last 3 being in securities industry services.

Mr. Lynden held senior roles in technical operations support and solution architecture, as well as senior roles in new business development, technical resource management and the marketing of outsourcing opportunities. In addition to effectively managing relationships with securities industry participants, Mr. Lynden consistently increased revenue generated by various business units.

"As we prepare to launch egX Canada and to penetrate international markets under the egX brand, Mr. Lynden's extensive industry experience will be instrumental to the successful deployment of our global securities marketplace for real estate," commented Mr. Leo Chamberland, President and CEO of egX Group. "We are very excited to add yet another industry veteran to our team."

"egX is a very unique concept with incredible potential and global demand. I look forward to joining egX's current team of experienced professionals and being a key member in realizing and implementing the Company's global vision," commented Mr. Derek Lynden.

Mr. Lynden has a BSc. in Neuroscience from the University of Toronto and has completed business development courses from IBM, Schulich School of Business and Harvard University.

The Company also announces that it has granted to directors and/or officers of the Company, subject to all necessary regulatory and shareholder approvals, an aggregate of 300,000 incentive stock options of egX Group. The options, subject to vesting provisions, are exercisable on or before August 17, 2010 at a price of $0.35 per common share.