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Capital BLF Inc. Announces the Cancellation of the Offer to Purchase a Student Residence

Capital BLF Inc. Announces the Cancellation of the Offer to Purchase a Student Residence

MONTREAL, QUEBEC -- (MARKET WIRE) -- 09/13/07 -- Capital BLF Inc. (TSX VENTURE: BLF.P) (the "Corporation"), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), announced today that, following expiration of the due diligence period, the offer to purchase a five-storey student residence located at 475 Sainte-Croix Avenue, in the Borough of Saint-Laurent, City of Montreal, Province of Quebec has lapsed and is null and void.

The Corporation is pursuing its efforts to acquire a multi-residential property to complete a Qualifying Transaction as defined in the Exchange Policy 2.4 - Capital Pool Companies.

Trading in the common shares of the Corporation will remain halted until a Qualifying Transaction is announced.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Capital BLF Inc.
Mr. Claude Blanchet
President, Chief Executive Officer and Director

Capital BLF Inc.
Mr. Pierre L. Martel
Secretary, Chief Financial Officer and Director

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