OLY Olympia Financial Group Inc

Olympia Financial Group Inc. ("Olympia") (TSX: OLY) announces the removal of Derick Kachuik as Vice-President, Foreign Exchange of Olympia Trust Company. Mr. Kachuik was instrumental in the growth and establishment of Olympia’s Foreign Exchange Division almost 15 years ago. Olympia would like to express its great appreciation and thanks for his many years of service and dedication.

Olympia has appointed Mr. Neil McCullagh as Acting Vice-President, Foreign Exchange. Mr. McCullagh has served as the Operations Manager of Olympia’s Foreign Exchange Division for over 9 years and has a deep understanding of the Foreign Exchange business. Olympia congratulates Mr. McCullagh on his well-deserved appointment.

About Olympia Financial Group Inc.

Olympia conducts most of its operations through its wholly-owned subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia.  Olympia Trust Company administers self-directed registered accounts, provides foreign currency exchange services and Corporate and Shareholder services.  Olympia also offers private health services plans through its wholly-owned subsidiary Olympia Benefits Inc. and provides information technology services to exempt market dealers, registrants and issuers through its subsidiary Exempt Edge Inc.

Olympia’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.

For further information, please contact:

Olympia Financial Group Inc. Rick Skauge, President and Chief Executive Officer Gerhard Barnard, Vice-President, Finance and Chief Financial Officer Phone: (403) 261-0900 Fax: (403) 265-1455