Nexia's Sub Signs Lease with General Growth Properties.

SALT LAKE CITY -- Nexia Holdings, Inc. (OTCBB: NEXH) announced today that its subsidiary, Gold Fusion Laboratories Inc. (GFL), executed a lease for a 1,455 square foot retail location in The Fashion Place Mall located on State Street in Murray, Utah. A five-year lease has been signed for this space and the opening of the retail outlet is expected to take place about December 1, 2006.

Richard Surber, Nexia's president, commented "We expect that this location will be a significant growth opportunity for the Black Chandelier line of products. I am projecting sales of $1.2 million at this location from its opening through December 31, 2007 and that this location will serve as a springboard for continue growth of the Black Chandelier operations."

The lease was executed at the corporate offices of General Growth Properties in Chicago (NYSE: GGP). The signing was preceded by a portfolio review of at least 30 other General Growth Properties' malls throughout the United States. Mr. Surber noted that, "The portfolio review went extremely well in my view. The meeting laid the groundwork for our national expansion plans. GGP's senior vice president told me that he was very impressed with our presentation."

GFL currently operates two Black Chandelier retail locations in Salt Lake and a store on the web at www.blackchandelier.biz. Black Chandelier designs, produces, and manufactures a majority of the items sold under the trademarks: Black Chandelier, Jared Gold, Olfactory Surrealism and Pink Chandelier. The stores also carry merchandise from Wrangler Jeans, Le Sportsac, Taschen books, Lomography Cameras, and Tokidoki Italy. To find additional information about Black Chandelier go to www.blackchandelier.com.

Nexia is holding company with real estate and retail operations. Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2005 and for the subsequent quarters during 2006. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.

This press release contains forward-looking statements that are based on a number of assumptions, including the successful completion of the marketing plans and expansion of Black Chandelier operation in a short period of time. The above statements further assume that Nexia can obtain additional capital over the next 30 days to execute expansion plans through outside investments including but not limited to constructing significant leasehold improvements and sufficient lines of credit to fund the design and manufacture of Black Chandelier products. There are no assurances that such assumptions will prove correct. These forward-looking statements involve a number of risks and uncertainties, including an expectation of substantial increase in sales. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.