Counsel Corporation Settles Lawsuit: All Claims By Bergen Brunswig Are Being Dismissed.

Business Editors & High Tech Writers

TORONTO--(BUSINESS WIRE)--April 30, 2002

Counsel Corporation (NASDAQ:CXSN)(TSE:CXS) today announced that it has settled all claims brought against it by Bergen Brunswig Corporation ("Bergen", now AmerisourceBergen Corporation) relating to its January 1999 sale of Stadtlander Drug Co. Inc. to Bergen. Pursuant to the settlement, all claims by Bergen against Counsel and Counsel's counterclaims against Bergen are being dismissed. The cost of the settlement to Counsel, net of insurance recoveries, is expected to be approximately US$4 million, which includes all of Counsel's legal fees and related disbursements incurred since the lawsuit commenced in October 1999.

In the settlement, Bergen acknowledges that the pursuit of claims against Counsel in the lawsuit may not be successful and that the payment made to settle the lawsuit is not to be taken as an admission of liability or wrongdoing on the part of Counsel or its affiliates.

Allan Silber, Chairman and CEO of Counsel Corporation said, "We are delighted to put this matter behind us and we feel vindicated by the outcome. The dismissal of these claims, which we have consistently stated are without merit, eliminates a major obstacle that has hampered Counsel's progress for the past two and a half years. We look forward to focusing our energies on building strong operating companies in our existing business sectors."

About Counsel Corporation

Counsel Corporation is an entrepreneurial business development company that focuses on acquiring controlling positions in, and actively managing for growth, operating companies in specific business sectors.

Counsel Corporation's subsidiary, Counsel Springwell Communications LLC, is focused on acquiring, consolidating and operating communications-related businesses. In March 2001, Counsel Springwell Communications acquired a controlling interest in I-Link Incorporated, (OTC:ILNK.OB) www.i-link.com, an enhanced Internet Protocol voice and data communications service provider. In June 2001, I-Link acquired and commenced operations of WorldxChange Corp. (www.worldxchange.com), which provides international and domestic long distance service to retail customers, consisting primarily of a dial-around product using a 10-10-XXX prefix.

In the seniors living care sector, Counsel owns five retirement homes in Canada and three nursing homes in the U.S. and it leases seven nursing homes in Canada.

For further information, visit Counsel's website at www.counselcorp.com.

This release involves forward-looking statements with respect to business plans, acquisition prospects, development of relationships with third parties and other plans and expectations on the part of the Company. The accuracy of these statements involve a number of risks and uncertainties, including but not limited to the availability of acquisition prospects and financing for such prospects, changing economic and market conditions that would impact such prospects or financing related thereto, changes in governmental regulations and laws, as well as other risk factors detailed in the securities filings of Counsel Corporation to which recipients of this release are referred for additional information concerning the Company and its prospects.