LOY Kgic

Loyalist Group Limited ("Loyalist") (TSX VENTURE:LOY) is pleased to announce
that it has entered into a definitive agreement for the acquisition of King
George International College ("KGIC") and King George International Business
College ("KGIBC"), an accredited English-as-a-second-language (ESL) school and a
career college with 8 campuses in Toronto, Vancouver, Victoria, and Halifax in
Canada.


KGIC has revenues of $25.0 million in the most recent 12-month period. Loyalist
will pay $13.5 million for KGIC, of which $9.5 million, subject to certain
adjustments is due in cash at closing and $4,000,000 subject to certain defined
post-closing adjustments, is payable by way of a non-interest bearing promissory
note due on or about March 12, 2014. The acquisition is expected to close on or
about September 12, 2013. Loyalist has sufficient cash to close this acquisition
and therefore at this time no financing is required.


"This is more than our biggest acquisition to date, it's a transformative event
for our company," said CEO Andrew Ryu. "First, it increases our revenue by
approximately 40% and takes us to a size that cements our position as a
preferred destination for international students that also attracts a bigger
investor base. Second, this acquisition will demonstrate the scalability of our
business model along with the ability to create both revenue and cost synergies.
Now that our platform is strong enough to support big increases in revenues, we
expect to see progressive and accretive profit growth as KGIC and subsequent
acquisitions are integrated into the Loyalist platform. We expect this
acquisition to more than double net income immediately as a starting point
without taking into account implementing cost synergies and the anticipated
acceleration of organic growth as a result of the size of this acquisition."


About KGIC

KGIC consists of three education brands and currently operates 8 campuses in
Canada with a trained staff of over 230. King George International College
("KGIC") is committed to providing the highest level of academic training and
customer service possible. Since 1996, KGIC has grown to become one of the
largest and most reputable private language schools in Canada.


About Loyalist

Loyalist owns and operates private education schools in Toronto, Vancouver, and
Victoria offering (i) English as a Second Language Courses for international
students; (ii) Training programs for teachers, commonly known as TESL; (iii)
Professional Development Courses; and (iv) Corporate English for Professionals.


Neither the 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.


Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning
of Canadian securities laws. Such forward-looking information and statements are
not representative of historical facts or information or current condition, but
instead represent only the Corporation's beliefs regarding future events, plans
or objectives, many of which, by their nature, are inherently uncertain and
outside of the Corporation's control. Generally, such forward-looking
information or statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
may contain statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken, "will continue", "will occur" or "will be
achieved". The forward-looking information contained herein includes, but is not
limited to, information with respect to prospective financial performance,
anticipated capital funding and sources, proposed or potential acquisitions,
estimated operating and sales costs, estimated market drivers and demand,
business prospects and strategy, new markets for growth and financial position.
By identifying such information and statements in this manner, the Corporation
is alerting the reader that such information and statements are subject to known
and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Corporation to be
materially different from those expressed or implied by such information and
statements. Any number of important factors could cause actual results to differ
materially from these forward-looking statements as well as future results,
including but not limited to: risks related to any of the Corporation's
announced or proposed acquisitions failing to close or becoming delayed before
closing; the Corporation's reliance on its South Korean contract; carrying on
business and activities in international jurisdiction where Canadian laws do not
apply; 

any loss of certain key personnel; levels of student enrolment; delays in
rolling out the online education programs; competition in the educational
services market; and currency fluctuations. Although the Corporation has
attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information and
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. Although the Corporation believes that the
assumptions and factors used in preparing, and the expectations contained in,
the forward-looking information and statements are reasonable, undue reliance
should not be placed on such information and statements, and no assurance or
guarantee can be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information and statements.
Accordingly, readers should not place undue reliance on any forward-looking
information or statements contained in this press release. The forward-looking
information contained in this press release is made as of the date hereof, and
the Corporation does not undertake to update any forward-looking information
that is contained or referenced herein, whether as a result of new information,
future events or otherwise, except in accordance with applicable securities
laws. All subsequent written and oral forward looking information and statements
attributable to the Corporation or persons acting on its behalf is expressly
qualified in its entirety by this notice.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Loyalist Group Limited
David McAdam
VP Corporate Development
(604) 961-3513
dmcadam@loyalistgroup.com


Loyalist Group Limited
Anthony Durkacz
Investor Relations
(416) 720-4360
adurkacz@loyalistgroup.com

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