CDN

CanaDream Corporation ("CanaDream" or the "Company") (TSX VENTURE:CDN) today
announced financial results for the three months ended July 31, 2013, as
follows:


Revenues for the three months ended July 31, 2013 were $11.1 million, net and
comprehensive income $2.3 million, and cash flow provided by operating
activities $10.6 million.


The Company encourages interested parties to access CanaDream Corporation's
Management Discussion and Analysis (MD&A) on the SEDAR website, www.sedar.com,
for a more detailed discussion of these results.


Summarized results for the three months ended July 31, 2013 are as follows:



                                      Three months ended July 31,           
----------------------------------------------------------------------------
(000's except per share amounts)               2013          2012   Change  
----------------------------------------------------------------------------
Revenue                               $      11,143 $      10,681        4% 
Income before foreign currency                                              
 forward contracts (gains)/losses,                                          
 finance, and income tax expenses     $       3,407 $       3,610       (6%)
Income before income taxes            $       3,052 $       3,294       (7%)
Net and comprehensive income          $       2,258 $       2,428       (7%)
                                                                            
Cash provided by operating activities $      10,580 $       9,294       14% 
Basic earnings per share                 12.0 cents    12.4 cents       (3%)
Fully diluted earnings per share         11.9 cents    12.3 cents       (3%)
Weighted average shares outstanding                                         
 (000's)                                     18,800        19,621       (4%)
Weighted average diluted shares                                             
 outstanding (000's)                         19,049        19,815       (4%)
----------------------------------------------------------------------------



For the three month period ended July 31, 2013, CanaDream recorded net and
comprehensive income of $2.3 million, a 7% decrease from the prior period. Cash
flow provided by operating activities of $10.6 million increased $1.3 million,
or 14%, from the prior period. On a fully diluted basis, earnings per share was
11.9 cents which was a 3% decrease from the prior period.


Total revenue of $11.1 million increased 4% - rental revenue decreased 12% due
to decreased guest experience nights and fleet sales revenue increased 59% due
to increased sales of guest fleet and fleet inventory available for sale.
Operating expenses increased 9%. As a result of increased operating expenses,
operating profit decreased 6%.


At July 31, 2013, investment in guest fleet was $33.3 million, an increase of
$10.3 million from April 30, 2013, primarily due to fleet purchases in the first
quarter of $12.2 million. Fleet and other financing increased $11.5 million to
$33.1 million from April 30, 2013.


The Company's core business, promoting the opportunity to experience Canada at
your own pace through the recreational vehicle experience, is seasonal in nature
with the majority of its revenue being earned during the May to October period,
the first and second quarters of its fiscal year. The majority of the Company's
cost of services expenses before employee compensation, benefits and
depreciation are incurred in that same period. The Company markets for sale
previously guest experienced recreational vehicles and fleet inventory available
for sale on a continuous basis throughout the year; however, sales of such units
are generally strongest from January to early summer. As a result of ongoing
depreciation, interest and other operating expenses, the last two quarters of
the fiscal year normally produce operating losses. Losses incurred in the last
two quarters may exceed profits earned in the first two quarters of the fiscal
year. The financial data included in this release has been prepared in
accordance with International Accounting Standard ("IAS") 34, Interim Financial
Reporting.


CanaDream Corporation promotes Canada and the opportunity to "experience Canada
at your own pace(TM)" in recreational vehicles and sells its guest experienced
recreational vehicle fleet on a wholesale and retail basis. The Company is
utilizing its proprietary business-to-business web-enabled system,
www.canadasbest.com, and its business-to-consumer on-line internet reservation
system, www.canadream.com, to operate and expand its network of RV rental
locations in Canada. CanaDream maintains six Company-operated locations in
Calgary, Vancouver, Whitehorse, Toronto, Montreal, and Halifax. CanaDream now
offers a global RV solution by partnering with Apollo Motorhome Holidays in
Australia, New Zealand and the USA. The Company is also leveraging its
proprietary technology to build a collective membership network of associate
dealers that are fully interconnected to CanaDream's e-commerce systems.
CanaDream currently has one associate dealer franchisee in Edmonton, Alberta. 


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
CanaDream Corporation
Mr. Brian Gronberg
President & CEO
Toll Free: 800-461-7368
BRIAN@canadream.com

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