$150 MILLION EXPANSION AT SUN RIVERS

For Immediate Release: Tuesday, October 30, 2007

The Cambri Development Group has purchased the Sun Rivers Village Centre lands and will market and build this next phase of development.  The Village Centre includes a vibrant mix of 400 – 450 residential condominiums, boutique shops, retail services, professional/office space and community amenities. Construction of the Sun Rivers Village Centre will commence in 2008.

Valued at $150 million at build out, this next phase of construction will boost the Kamloops’ regional economy over the next several years as buyers choose Kamloops and Sun Rivers as their new address.

Sun Rivers’ President, Martin Zumtobel says, “We couldn’t be more pleased that this project will be led by Managing Partner Darryl Caunt, who has established a sterling reputation in Kamloops as a quality high end custom builder. This investment by the Cambri Development Group is a tremendous endorsement of the success of Sun Rivers and is the next major milestone in the development of the Sun Rivers Golf Resort Community.”

Every healthy community requires a common gathering place.  The development of the Sun Rivers Village Centre represents the ‘heart ‘of Sun Rivers, a place where community comes alive and residents join together to live, work and play.

For more information contact:

SUN RIVERS GOLF RESORT COMMUNITY

BACKGROUNDER – October 30, 2007

Sun Rivers Golf Resort Community is a spectacular 460 acre benchland property that will ultimately consist of 2000 homes surrounding an 18 hole championship golf course, a village centre, a resort hotel, parks, playing fields and walking trails.  Situated on the sunny side of the South Thompson River, Sun Rivers will be home to approximately 5000 people at build out.

With over 390 lots sold and 289 homes built, over 500 people now call Sun Rivers “home”.   Just 5 minutes from downtown Kamloops, Sun Rivers offers the ultimate in convenience to city amenities yet the serenity and separation of resort living. The 18-hole championship golf course opened in June 2002 to rave reviews.  Golf Digest awarded Sun Rivers the “Best New Golf Course in Western Canada in 2003” based on their annual ratings of North American Courses!

To date the development of the Sun Rivers Golf Resort Community has contributed in excess of $160 million in direct economic benefit to the Kamloops regional economy.  With over 125 direct employees and in-direct sub-trade employment, Sun Rivers has become a major employer in the region.

Sun Rivers is Canada’s first community exclusively heated and cooled with geothermal energy. Every home at Sun Rivers is heated and cooled with ground source energy. Geothermal heating and cooling provides tremendous operating cost savings, comfort and convenience and most importantly a highly efficient environmentally superior heating and cooling solution.  Single-family dwellings are currently enjoying the benefits of an environmentally sustainable system, superb comfort and cost savings of up 50%.

Sun Rivers has been honored with over 30 awards to date in various areas: best environmental achievement, outstanding consideration to environmental awareness, best on-site sales office or presentations centre, best single/multifamily landscape design project, tourism awards, best new golf course, best outdoor advertising signage, best single family homes, best interior design and best salesperson in new home construction.  Of particular significance is the Sustainability Award from the Fraser Basin Council recognizing Sun Rivers as one of Canada's most innovative golf resort communities.

Leslie Brochu, Vice-President
SUN RIVERS DEVELOPMENT CORPORATION
Phone:  250-828-9989 or Cell:  250-682-1234