Cervus Financial Group appoints Murray Thomas as Chief Financial Officer.

TORONTO -- Cervus Financial Group Inc. ("Cervus"), (TSX VENTURE:CFG), which is a financial services company dedicated to providing mortgages through selected mortgage brokers, announced today that it has appointed Murray Thomas as Chief Financial Officer, succeeding Howard Broughton.Mr. Broughton will continue to act as an advisor to Cervus.

"Cervus has moved very quickly through its start up phase in 2004 and now is focused on operational execution.Murray Thomas, an experienced operational and financial CFO will play a key role in facilitating the next stage of the company's growth", states Gary Bartholomew, Chairman and CEO of Cervus Financial Group Inc., "Mr. Broughton, former CFO and one of the six founding management team members, has made a tremendous contribution in the set up and structuring of the company and will continue to provide ongoing support."

Mr. Thomas joined Cervus as VP Finance in October, 2004.Mr. Thomas is a Chartered Accountant who articled with Ernst & Young.He has experience in the mortgage, distribution, consumer electronics industries and technology based businesses.Mr. Thomas was the former CFO of Intrigue Technologies Inc., a private consumer electronic business from August 2003 to October 2004.During his tenure at Intrigue, monthly sales increased by 500% over seven months, prior to being acquired by Logitech Inc. in May 2004 for $29 million (US dollars).Previously, from September 1999 to July 2003, Mr. Thomas was the VP Finance of Basis100 Inc., a public mortgage technology company.

About "Customer for Life"

The Cervus "Customer for Life" 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" 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 residential mortgage producer and the largest mortgage broker lender of conventional insured and insurable 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" 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 services and related businesses.Cervus is focused on funding and servicing insurable conventional and high ratio insured residential mortgages originated through mortgage brokers. Cervus is currently licensed under Ontario, Quebec, British Columbia and Alberta mortgage broker/lender legislation and is seeking similar regulatory approvals in other Canadian Provinces as required.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. conducts all lending operations through its wholly-owned subsidiary, Cervus Financial Corp.

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 Inc. (TSX VENTURE:CFG)