Great Canadian Railtour receives US$45 million senior secured loan

Great Canadian Railtour Company Ltd. announced on June 29, 2006 that it had arranged a senior secured loan of $45 million from Integrated Asset Management Corp. and its private corporate debt group, Integrated Private Debt Corp. The multi-year loan agreement provides for monthly interest payments with annual payments of principal. Proceeds will be used to reduce the Company's credit facilities with existing lenders and take advantage of the current low interest rate environment to fix a portion of its existing floating rate debt. This facility will also enable the Company to continue pursuing strategic growth and acquisition opportunities. Great Canadian Railtour is a private company based in Vancouver that owns and operates Rocky Mountaineer Vacations which offers vacation packages to unique regions of Canada, including the Rocky Mountaineer train between Canada's West and the Canadian Rockies. Great Canadian Railtour was represented by Fasken Martineau with a team led by Steven Lukas and Andrew Jackson, and including George Hungerford, Peter Stafford and Sarah Mamoser, assisted by K.C. Miu (articling student).