Tally-Ho Ventures Appoints Christopher Cruden and David Anderson to MasterTrust Advisory Board.

NEW YORK -- Tally-Ho Ventures, Inc., (OTCBB: TLYH), an international wealth management firm, today announced the appointments of Christopher Cruden and David Anderson to the Board of Advisors for MasterTrust, S.A. ("MTPC"), its Switzerland-based financial services subsidiary, which provides asset management services for high net worth individuals, corporations and trust funds.

"The appointments of David Anderson & Christopher Cruden bring to MasterTrust considerable expertise and regulatory experience in the arena of institutional fund management," said Nigel Gregg, Tally-Ho President and CEO. "In this regard, we are extremely pleased with their appointments and look forward to discussing with them how to increase both the revenue and the performance of the Company's funds under management as we integrate MTPC's structure into Tally-Ho's."

David Anderson, an advisor and director for the London-based Winterman Exchange, a group of companies whose primary focus is financial services and investments, has had a long and distinguished career in financial management. In the early 1970's, Mr. Anderson started one of the first independent, privately owned futures brokers in London, and was instrumental in developing innovative methods for investing in futures and options. He subsequently sold his interest in that company and became a founder and Chairman of ED&F Man Group PLC, a London-based commodities investment firm.

Mr. Anderson is a founder and former Chairman of the Association for Futures, and is a member of The Securities Institute. A past Chairman of the formation committee of the International Petroleum Exchange, he was also Vice Chairman of the London Commodity Exchange and a council member of the Association of Futures Brokers and Dealers, which became the Securities and Futures Association (SFA) and was subsequently merged into the Financial Services Authority (FSA). As a director of the Securities and Investments Board (SIB), he played a key role in implementing the Financial Services Act of 1986 in the U.K.

Christopher Cruden, founder and chairman of Dublin-based Insch Capital Management AG, is a well-respected finance manager and merchant banker. Mr. Cruden began his career in 1980 with a merchant bank in South Africa as a gold analyst. In 1983, he joined Dean Witter, Reynolds Inc., as a securities salesman based in the United States, and became involved with alternative investment strategies.

In 1988, Mr. Cruden returned to the U.K. and became a Director of Adam, Harding and Lueck Asset Management Ltd (AHL). After the sale of this firm, he became Head of Managed Futures and Options for a major U.S. investment bank in London and later with the ASH Group of Prudential Securities in New York. He joined Tamiso & Co. LLC in 1993 with responsibility for marketing, business development and client liaison. During this period he expanded the firm's discretionary foreign exchange management activities and co-developed Tamiso's Currency Overlay Program. In early 2002, Mr. Cruden became Head of Managed Investment Products for a joint venture between London-based IFX Markets Ltd. and Tamiso.

"The integration of MTPC will prove to be a considerable asset to Tally-Ho, as MTPC provides both products and services that will further enhance the group's overall distribution capabilities and income while adding further value to Master Finance, the group's distribution arm," Mr. Gregg noted. "It is an excellent synergy that can lead to an anticipated acceleration in revenues and cost efficiencies."

MasterTrust Private Clients is a fully authorized Swiss Fiduciary company, subject to the regulatory control of the Swiss Cantonal Government, and is able to offer the full range of services to clients including: full discretionary management, holding clients assets in MTPC's name, and trading for clients over a wide range of assets including investments and real estate.

About Tally-Ho Ventures, Inc

Tally-Ho Ventures is an independent international private wealth management organization focused on serving the needs of small institutions and high net-worth individuals around the world.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, the independent authority of the special committee to act on the matters discussed, the successful negotiation of the potential acquisition and disposal of transactions described above, successful implementation of the company's business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission.