Cervus Financial Executes a Sale and Servicing Agreement With Desjardins Credit Union of Ontario.

TORONTO -- Cervus Financial Corp. ("Cervus"), a subsidiary of Cervus Financial Group Inc. (CFG:TSX-V), which is a financial services company dedicated to providing mortgages through mortgage brokers, announced today that it has entered into a Sale and Servicing agreement with Desjardins Credit Union of Ontario to purchase high ratio - insured residential mortgages.

"This agreement signifies that we are able to deliver acceptable yields to the mortgage investors while maintaining "Cervus Best Rate" mortgage pricing to the consumer", states Gary Bartholomew, Chairman and CEO of Cervus Financial Group Inc., "This yield and pricing is delivered through new efficiencies and automation we have deployed as part of our strategy".

Cervus will continue to execute purchase and servicing agreements with major national and international financial institutions who seek to purchase high ratio - insured residential mortgage assets.

About "Customer for Life"

The Cervus "Customer for Life(TM)" model enables the mortgage professional to retain the relationship with the borrower as a customer throughout the life of the mortgage. The compensation model also creates a continued revenue stream in the form of trailer fees, a one time origination fee and a renewal fee every time the customer renews with Cervus. This creates income security for the mortgage professional allowing a long-term relationship to be developed with the borrower. This long-term relationship subsequently gets passed along to the institutional investor of the mortgage security, creating a higher yield long-term investment cash flow stream. The Cervus "Customer for Life(TM)" model creates profitable relationships for the borrowers, mortgage professionals, institutional investors and for Cervus.

About Cervus

Cervus Financial Group Inc. is a Canadian financial services company created as an industry initiative with leading mortgage broker companies and fixed income investment banks to become a high-yield mortgage producer and the largest mortgage broker lender of AAA mortgages in Canada. Our new and innovative business model demonstrates contracted asset accumulation of $30B in mortgages over five to seven years by fusing industry ownership, technology, service delivery and long term recurring revenue for the mortgage brokers. Cervus works on the basis of a "Customer for Life(TM)" model, where the borrower is the client of the mortgage broker and Cervus is effectively the "Back Office - Servicer" between borrowers and investors. Cervus has assembled an experienced management team and board of directors who are knowledgeable in banking, financial service and related businesses. Cervus is focused on funding and servicing conventional and high ratio residential mortgages originated through mortgage brokers. Cervus is currently licensed under Ontario's mortgage broker legislation and is seeking similar regulatory approvals in British Columbia, Alberta and Quebec. Cervus' head office and Ontario operations centre is located in Toronto, with additional planned offices in Vancouver (2005) serving Western Canada and in Montreal serving Quebec (2005). Cervus Financial Group Inc., will carry on all lending operations through its wholly-owned subsidiary, Cervus Financial Corp.

About Desjardins Credit Union

Desjardins Credit Union, with its 23 branches, is the largest credit union in Ontario with over $2 billion in assets. It is supported by Desjardins, with approximately $100 billion in assets and is the sixth largest financial institution in Canada. Relying on the strength of its cooperative difference, its network of subsidiaries, and its financial equilibrium, Desjardins intends to be the leading financial institution for satisfying members and clients as well as for business development through its accessible, effective and comprehensive service offerings. Desjardins mission is to contribute to the economic and social conditions of both individuals and communities.

Its Web site can be found at www.desjardins.ca.

Forward-looking (safe harbour) statement

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," plans," "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Additional information about Cervus is available on SEDAR (www.sedar.com).

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cervus Financial Group (TSX VENTURE:CFG)