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Issue of Equity

6th Dec 2006 18:21

CANACCORD CAPITAL INC. Issue of Shares

VANCOUVER, December 6, 2006 - In connection with Canaccord Capital Inc.'s (AIM: CCI) acquisition of Enermarket Solutions Ltd., a property acquisition and divestiture advisory services firm based in Calgary, Alberta, that completed on November 11, 2005, a share retention program was established pursuant to which 21,010 common shares were reserved for issuance. 10,254 common shares have been issued under this program and Canaccord has applied for these shares to be admitted to trading on AIM. Admission is expected on December 11, 2006.

ABOUT CANACCORD CAPITAL INC.:

Through its principal subsidiaries, Canaccord Capital Inc. is a leading independent, full-service investment dealer in Canada with capital markets operations in the United Kingdom and the United States of America. Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a market operated by the London Stock Exchange. Canaccord has operations in two of the principal segments of the securities industry: private client services and capital markets. Together, these operations offer a wide range of complementary investment products, brokerage services and investment banking services to Canaccord's private, institutional and corporate clients. Canaccord has approximately 1,550 employees worldwide in 30 offices, including 23 Private Client Services offices located across Canada. Canaccord Adams, the international capital markets division, has operations in Toronto, London, Boston, Vancouver, New York, Calgary, Montreal, San Francisco, Houston and Barbados.

FOR FURTHER INFORMATION, CONTACT:

North America Media:

Scott Davidson

Managing Director, Global Head of Marketing & Communications

Phone: 416-869-3875, email: [email protected]

London Media :Bobby Morse or Ben Willey

Buchanan Communications (London)

Phone: +44-(0)-207-466-5000, email: [email protected]

For investor relations inquiries contact:

Katherine YoungVice President, Investor RelationsPhone: 604-643-7013, email: [email protected]

CANACCORD CAPITAL INC.

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