CHV Churchill Ventures Ltd

Churchill Ventures Ltd. (AMEX: CHV.U) announced that the pricing of its initial public offering of 12.5 million units at $8.00 per unit occurred on February 28, 2007. The Company expects to raise gross proceeds of $100 million from the offering (excluding the proceeds from the exercise of the underwriters� over-allotment option, if any). The Company's units are expected to begin trading on the American Stock Exchange under the symbol CHV.U on March 1, 2007. Churchill Ventures intends to use the net proceeds from this offering to acquire one or more operating businesses in the communications, media, or technology industries. Banc of America Securities LLC acted as the sole manager for the initial public offering. A copy of the prospectus, when available, may be obtained form Banc of America Securities LLC, Capital Markets (Prospectus Fulfillment), by e-mail to dg.prospectus_distribution@bofasecurities.com or by mail to Banc of America Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd Floor, New York, New York, 10001. This communication shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Securities are being offered only pursuant to a prospectus.