Envoy Capital Group Inc. Announces Corporate Reorganization

• Press Release
• Source: Envoy Capital Group Inc.
• On 4:05 pm EST, Friday January 9, 2009

TORONTO, ONTARIO--(MARKET WIRE)--Jan 9, 2009 -- Envoy Capital Group Inc. (Toronto:ECG.TO - News)(NasdaqCM:ECGI - News) today announced the reorganization of its Merchant Banking Division.

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Symbol	Price	Change
ECG.TO	1.25	+0.02

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Envoy has recently obtained approval for the establishment in the Principality of Monaco of a company, known as Envoy Capital Group Monaco S.A.M. (ECGM), which will be responsible for carrying on Envoy's existing merchant banking business. Currently Envoy's Merchant Banking Division is a diversified investment, financial advisory and consulting firm focused on the securities of public issuers.

ECGM has been capitalized with 5,000,000 Euros for initial setup and operating requirements. Envoy has subscribed for 99.8% of the initial capital of ECGM and the remaining 0.2% has been subscribed for by the directors and executive officers who will be charged with the responsibility of operating ECGM in Monaco, namely, Geoffrey B. Genovese and John H. Bailey.

Going forward, Envoy will also provide the necessary capital to allow ECGM to carry out its mandate. ECGM's investment portfolio will be comprised of securities of mostly public and some private issuers in the natural resources, financial services and real estate sectors. It will also continue to try to identify compelling investment opportunities in energy-related, technology and biotechnology businesses. While Envoy's Merchant Banking Division focused on the North American exchanges (e.g. NYSE, NASDAQ, TSX, AMEX), ECGM will start to focus on leveraging value investments on European exchanges as well as private companies in Europe.

The choice of the Principality of Monaco as the strategic location for Envoy's world-wide merchant banking business was based on several factors, including:

- A geographically strategic position, next to southern Mediterranean markets and two hours away from major European cities.

- A unique political and economic environment.

- A straightforward, advantageous fiscal system, for both individuals and companies.

- The density of financial activities.

- The presence of an efficient and easily accessible administrative infrastructure.

- Security for both assets and people.

- Excellent infrastructures for free movement of goods and people.

- Exceptional political and social stability.

- A first rate educational system, with international students providing qualified labour adapted to current needs.

The appointment of Geoffrey B. Genovese, Envoy's Chairman, President and Chief Executive Officer, and John H. Bailey, Envoy's Executive Vice President and Corporate Secretary, as the sole directors and executive officers of ECGM has necessitated a corporate restructuring at Envoy. Consequently, Envoy is pleased to announce the following executive changes:

David Hull, an independent director of Envoy, has been appointed Chairman of the Board, replacing Geoffrey B. Genovese. Joseph Leeder, formerly Chief Financial Officer and Executive Vice President, Mergers and Acquisitions, has been appointed President and Chief Executive Officer, replacing Geoffrey B. Genovese. Andrew Patient, formerly Envoy's Director of Finance, has been appointed Chief Financial Officer, replacing Joseph Leeder. Darlene Soper, formerly Envoy's Executive Assistant, has been appointed Corporate Secretary, replacing John H. Bailey. The positions of Executive Vice President, Mergers and Acquisitions and Executive Vice President, vacated by Joseph Leeder and John H. Bailey, respectively, will not be filled. Both Geoffrey B. Genovese and John H. Bailey will remain directors of Envoy. All of the foregoing changes are effective immediately.

About Envoy Capital Group Inc.

Envoy Capital Group Inc. (Toronto:ECG.TO - News)(NasdaqCM:ECGI - News) is a merchant banking organization that focuses on providing financial services as well as equity and debt capital, to small and mid-cap companies. For more information on Envoy Capital Group Inc., visit our website at www.envoy.to.

Cautionary Statement

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of Section 21E (i) (1) of the United States Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Envoy Capital Group's actual results to be materially different from any future results expressed or implied by these statements. Such factors include the following: general economic and business conditions, changes in demand for Envoy Capital Group's services, changes in competition, the ability of Envoy Capital Group to integrate acquisitions or complete future acquisitions, interest rate fluctuations, currency exchange rate fluctuations, dependence upon and availability of qualified personnel and changes in government regulation. In light of these and other uncertainties, the forward-looking statements included in this press release should not be regarded as a representation by Envoy Capital Group that Envoy Capital Group's plans and objectives will be achieved. These forward-looking statements speak only as of the date of this press release, and we undertake no obligation to update or revise the statements.

     Contacts:
     Envoy Capital Group Inc.
     Geoffrey Genovese
     (416) 593-1212
      
     Contact our investor relations department at:
     info@envoy.to
     Website: http://www.envoy.to