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THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


Loyalist Group Limited (the "Company") (TSX VENTURE:LOY) is pleased to announce
that it has completed its previously announced "bought deal" private placement
of common shares (the "Common Shares"), pursuant to which the Company issued
14,300,000 Common Shares at a price per Common Share of $0.70 (the "Issue
Price") for aggregate gross proceeds to the Company of $10,010,000 (the
"Offering"). The Offering was led by Beacon Securities Limited ("Beacon"), and
included Cormark Securities Inc. and Paradigm Capital Inc. (together with
Beacon, the "Underwriters").


In connection with the Offering, Loyalist paid the Underwriters a cash
commission equal to 6% of the gross proceeds from the sale of the Common Shares.
As additional compensation for their services, the Underwriters received
compensation options exercisable for 24 months following the closing of the
Offering to purchase 715,000 Common Shares at a price per Common Share equal to
the Issue Price.


Proceeds from the Offering will be used for working capital purposes, including
funding of the Company student housing and franchise initiatives, and to fund
further acquisitions and fuel earnings growth.


"We are very pleased with investor receptiveness to this offering," said Andrew
Ryu, Chief Executive Officer of Company. "We believe that strong investor demand
for this offering shows that investors have confidence in our business plan and
want to be part of it. I am particularly gratified that in the past 20 months we
have raised money five times, and each time at a higher per-share valuation than
the last. I welcome our new shareholders and look forward to growng the business
with them."


Pursuant to applicable Canadian securities laws, the securities issued under the
Offering will be subject to a hold period until May 28, 2014.


The Offering is subject to certain conditions including, but not limited to, the
receipt of all necessary approvals, including the final approval of the TSX
Venture Exchange.


This news release does not constitute an offer to sell, or a solicitation of an
offer to buy, any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


About Loyalist Group (TSX VENTURE:LOY) 

Loyalist Group Limited owns and operates private English as a Second Language
(ESL) Schools, Career Colleges and Community Colleges in Toronto, Vancouver,
Victoria and Halifax.


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 Company's beliefs regarding future events, plans or
objectives, many of which, by their nature, are inherently uncertain and outside
of the Company'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 may include, but is not limited to,
information with respect to the Offering and the proposed completion thereof,
including the use of the net proceeds of the Offering, 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
Company 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 Company 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 Company's announced acquisitions or
securities offerings failing to close or becoming delayed before closing; the
Company's ability to successfully implement and operate its franchising program;
the Company'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 Company 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 Company 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 Company 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 Company or persons acting on its
behalf are expressly qualified in their entirety by this notice.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Loyalist Group Limited
Andrew Ryu
CEO
(416) 977-9800 X225
aryu@loyalistgroup.com


Loyalist Group Limited
David McAdam
VP Corporate Development
(604) 961-3513
dmcadam@loyalistgroup.com

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