Newfoundland Capital confirms 3 for 1 stock split

DARTMOUTH, NS, Nov. 24 /CNW/ - Newfoundland Capital Corporation Limited (the "Company") (TSX: NCC.A, NCC.B) announces that its Class A Subordinate Voting Shares (the "Class A Shares") and the Class B Common Shares (the "Class B Shares") will commence trading on a three for one split basis at the opening of business on Wednesday, November 25, 2009 .

Shareholders do not need to do anything with their existing share certificates. Additional share certificates representing two additional Class A Shares and two additional Class B Shares for each Class A Share and each Class B Share held as of the record date, respectively, will be mailed out to shareholders shortly after the record date of November 27, 2009 .

About Newfoundland Capital Corporation Limited

Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) is one of Canada's leading radio broadcasters with 81 licences across Canada . The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.

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For further information: REF: Robert G. Steele, President and Chief Executive Officer; Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 745 Windmill Road, Dartmouth, Nova Scotia B3B 1C2, Tel: [phone], Fax: [phone], e-mail: [email protected], Web: www.ncc.ca