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Loyalist Group Limited (TSX VENTURE:LOY) is pleased to announce that it has
completed the acquisition of MTI Community College Inc., an accredited community
college operator with seven campuses in the Greater Vancouver Area, B.C. The
total purchase price was $8.0 million of which $6.0 million, subject to certain
closing adjustments, was paid in cash at closing and $2.0 million, subject to
certain post-closing adjustments, is payable by way of a non-interest bearing,
secured, subordinated promissory note due May 15, 2014. 


MTI's anticipated August 2013 trailing 12-month revenues are expected to be over
$9.0 million, with earnings before interest, taxes, depreciation and
amortization of $1.6 million. Loyalist expects the acquisition to create
substantial synergies and cross-selling opportunities that will increase both
revenues and earnings. 


"We are eager to begin integrating MTI into our platform, which allows us to
further pursue our plan of offering everything from basic ESL through
English-language accreditation in multiple professional disciplines," said CEO
Andrew Ryu. "MTI is the perfect complement to our existing suite of programs, as
it will allow us to attract new students and retain our existing students for
longer. We're very pleased to welcome MTI's respected management team to the
Loyalist team." 


About MTI

MTI is an accredited career college with 7 locations in British Columbia. MTI
has been operating since 1988 and specializes in delivering programs in the
areas of Health Care, Early Childhood Education, Business as well as Travel,
Tourism and Hospitality.


About Loyalist

Loyalist owns and operates private education schools in Toronto, Vancouver, and
Victoria offering (i) English as a Second Language Courses for international
students; (ii) Training programs for teachers, commonly known as TESL; (iii)
Professional Development Courses; and (iv) Corporate English for Professionals.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.  


Forward-Looking Statements 

This news release includes certain forward-looking statements within the meaning
of Canadian securities laws. Such forward-looking information and statements are
not representative of historical facts or information or current condition, but
instead represent only the Corporation's beliefs regarding future events, plans
or objectives, many of which, by their nature, are inherently uncertain and
outside of the Corporation's control. Generally, such forward-looking
information or statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
may contain statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken, "will continue", "will occur" or "will be
achieved". The forward-looking information contained herein includes, but is not
limited to, information with respect to prospective financial performance,
anticipated capital funding and sources, proposed or potential acquisitions,
estimated operating and sales costs, estimated market drivers and demand,
business prospects and strategy, new markets for growth and financial position.
By identifying such information and statements in this manner, the Corporation
is alerting the reader that such information and statements are subject to known
and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Corporation to be
materially different from those expressed or implied by such information and
statements. Any number of important factors could cause actual results to differ
materially from these forward-looking statements as well as future results,
including but not limited to: risks related to any of the Corporation's
announced or proposed acquisitions failing to close or becoming delayed before
closing; the Corporation's reliance on its South Korean contract; carrying on
business and activities in international jurisdiction where Canadian laws do not
apply; any loss of certain key personnel; levels of student enrolment; delays in
rolling out the online education programs; competition in the educational
services market; and currency fluctuations. 


Although the Corporation has attempted to identify important factors that could
cause actual results to differ materially from those contained in the
forward-looking information and statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. Although the
Corporation believes that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and statements are
reasonable, undue reliance should not be placed on such information and
statements, and no assurance or guarantee can be given that such forward-looking
information and statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such information
and statements. Accordingly, readers should not place undue reliance on any
forward-looking information or statements contained in this press release. The
forward-looking information contained in this press release is made as of the
date hereof, and the Corporation does not undertake to update any
forward-looking information that is contained or referenced herein, whether as a
result of new information, future events or otherwise, except in accordance with
applicable securities laws. All subsequent written and oral forward-looking
information and statements attributable to the Corporation or persons acting on
its behalf is expressly qualified in its entirety by this notice.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Loyalist Group Limited
David McAdam
VP Corporate Development
(604) 687-3595
dmcadam@loyalistgroup.com


Loyalist Group Limited
Anthony Durkacz
Investor Relations
(416) 720-4360
adurkacz@loyalistgroup.com
www.loyalistgroup.com

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