Maxam acquires shares of C.A. Bancorp Inc.

VANCOUVER , Dec. 16 /CNW/ - Maxam Opportunities Fund Limited Partnership and Maxam Opportunities Fund (International) Limited Partnership announced that they have purchased today 206,500 common shares (the "Acquired Shares") of C.A. Bancorp Inc. through the facilities of the Toronto Stock Exchange. On December 7, 2009 , Maxam commenced an offer to acquire, through an acquisition entity, C.A. Bancorp (TSX: BKP). The offer will remain open until 4:00 p.m. ( Vancouver time) on January 12, 2010 , unless withdrawn or extended. The take-over bid materials were mailed to shareholders on December 16, 2009 and are available at www.sedar.com under C.A. Bancorp's profile.

The highest price per share paid for the Acquired Shares was $1.30 . This is Maxam's first purchase of C.A. Bancorp common shares through the facilities of the TSX since the offer was commenced on December 7, 2009 . After giving effect to the purchase of the Acquired Shares, Maxam owns 780,000 C.A. Bancorp common shares.

Maxam strongly encourages shareholders of C.A. Bancorp to read the offer and take-over bid circular, which contains the full terms and conditions of the offer as well as detailed instructions on how shareholders can tender their common shares to the offer. Questions regarding the offer and take-over bid circular and requests for assistance in depositing common shares under the offer should be directed to Georgeson Shareholder Communications Canada Inc., the Information Agent for the offer, at 1-866-725-6574.

Note: All financial figures are in Canadian dollars unless noted otherwise.

For further information: Johnny Ciampi, Managing Partner, [email protected], Tel: [phone] (Ext. 103); Sean Morrison, Managing Partner, [email protected], Tel: [phone] (Ext.102)