GARNEAU INC. ANNOUNCES SALE OF ADDITIONAL ASSETS

NEX - GAR.H

NISKU, AB, Sept. 10 /CNW/ - Garneau Inc. ("Garneau" or the "Corporation") (GAR.H: NEX) is pleased to announce it has sold additional assets and inventory to two separate arms length third party purchasers for aggregate consideration of $945,000.

Garneau's Board of Directors will continue in its efforts to liquidate the Corporation's remaining assets and discharge the Corporation's liabilities in order to preserve shareholder value.

Copies of these documents are available electronically at www.sedar.com.

    
    Forward-Looking Information
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Certain information in this press release contains forward-looking statements. These statements relate to future events or actions. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continues", "continuing", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions. These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Garneau's control. Actual events or actions could differ materially from those expressed in, or implied by, such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that Garneau will derive from them. Except as required by law, Garneau undertakes no obligation to publicly update or revise any forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information: Glen Garneau, Acting President and Chief Executive Officer, Email: [email protected]; Darlene Kirkpatrick, Project and Communications Manager, Phone: [phone], Fax: [phone]