North American Financial Group Inc. et al.

FOR IMMEDIATE RELEASE

April 29, 2011

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

NORTH AMERICAN FINANCIAL GROUP INC.,

NORTH AMERICAN CAPITAL INC.,

ALEXANDER FLAVIO ARCONTI,

AND LUIGINO ARCONTI

TORONTO -- The Commission issued an Order in the above named matter which provides that the Temporary Order as further amended is extended to August 2, 2011; and the hearing in this matter is adjourned to Friday, July 29, 2011 at 10:00 a.m.

A copy of the Order dated April 29, 2011 is available at www.osc.gov.on.ca.

For media inquiries:

For investor inquiries: