Consolidated Tanager Limited sets Record Date for Stock Split

TORONTO, May 4, 2012 /CNW/ - On March 30, 2012 the shareholders of Consolidated Tanager Limited (the "Company") approved a subdivision of the Company's issued and outstanding share capital on the basis of four additional common shares for each existing common share (the "Stock Split"). Consequently, each shareholder of record of the Company as of the close of business on April 26, 2012 (the "Record Date") will receive four additional common shares for each common share held by them on such date.

The Company will issue and mail, within 3 days of the Record Date or as soon as practical thereafter, new share certificates to the shareholders of record. Shareholders should retain their current share certificates, which will remain valid and will continue to represent the number of common shares indicated on those certificates. The combination of the existing share certificates and the new share certificates will represent each registered shareholder's total post-split shareholding. For beneficial shareholders who hold their common shares in an account with their investment dealer or other intermediary, their account will be automatically updated to reflect the Stock Split.

Upon completion of the Stock Split, there will be approximately 5,259,805 common shares of Consolidated Tanager Limited issued and outstanding.

Record Date: April 26, 2012