LOYALIST GROUP ANNOUNCES PRIVATE PLACEMENT

ANCASTER, ON, Nov. 2 /CNW/ - Loyalist Group Limited (TSX Venture Exchange - NEX symbol: LOY.H) announced today that further to our announcement of October 27, 2010 we are pleased to announce that we are in the process of completing a private placement of a minimum of $200,000 up to a maximum of $700,000.

The terms and conditions are as follows.

Common shares will be issued at a deemed price of $0.15 with a full warrant of $0.225 for two years.  Minimum 1,500,000 shares and Maximum 4,666,667 shares will be issued at closing, which means total shares issued will be minimum of 42,080,191 shares and maximum of 45,413,525 upon completion of the proposed transaction.

This private placement is non-brokered, and the closing of the financing is subject to the completion of the RTO and listing on TSXV.

The proposed proceeds will be for general corporate purposes.

All of the companies financial information has been filed on SEDAR at www.sedar.com. 

Loyalist Group Limited is a financial services holding company.

The TSX Venture Exchange - NEX has neither approved nor disapproved of the information contained herein.

%SEDAR: 00009147E

For further information:

Mr. Donald Coons, President & CEO
Loyalist Group Limited
[phone] x 247