Gestion Guychar (Canada) inc. - Freeze order extended

Decisions and Freeze and cease trade orders Securities

Montréal – At the request of the Autorité des marchés financiers (AMF), the Bureau de décision et de révision en valeurs mobilières (BDRVM) handed down a decision on July 31, 2009 to extend for a period of 120 days the freeze orders issued against Gestion Guychar (Canada) Inc., Guy Charron, Richard Lanthier, Huguette Gauthier, Gérald Turp, Turp DTD Consultants inc., 177889 Canada inc., 3330575 Canada inc. and 3965121 Canada inc.

In July 2008, the AMF filed 459 charges in the matter of Gestion Guychar (Canada) Inc. as part of a penal proceeding, seeking prison terms and fines totaling $8,315,000. The trial is expected to begin in May 2010.

In this matter, the BDRVM has handed down, since February 2007, two freeze orders and issued several extensions, cease trade orders and orders to cease any activity as a securities adviser.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector.

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