Grande West Closes First Tranche of Private Placement - Seite 2

The issuance of the securities under the Private Placement is exempt from prospectus and re gistration requirements of applicable securities laws. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securitie s Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States or to "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S Securities Act ("U.S. Persons"), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

About Grande West Transportation Group

Grande West was formed in 2008 to design and develop a 27.5 foot bus, known as the "Vicinity." With little competition in the "mid-size" bus range, Grande West has set itself apart from others with the Vicinity bus - a heavy duty mid-size, true, community transit bus.

The Vicinity is designed with affordability, accessibility and global responsibility in mind. It costs materially less than a 40 foot transit bus, burns less fuel, emits less harmful emissions, has lower maintenance costs and achieves a life span twice as long as the cut-away buses which are based on a truck chassis.

In a large and unsaturated market segment, Grande West is poised to capture sales growth from both the replacement of cut-away buses and the right sizing of larger buses for improved transit fleets efficiency across Canada and the United States.

Vicinity buses are operating in British Columbia, Quebec and Nova Scotia. Including our current deliveries, a total of 31 buses will be in active commercial service. In addition for marketing and customer testing, three Vicinity demonstration buses are going into service including our new 30 foot model with two doors for the Ontario market and airport shuttle bus applications. The potential sales funnel is constantly growing, as the Vicinity is introduced to transit agencies across Canada.

Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the use of proceeds from the Private Placement, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.