Mr. Jason Mullins reports

GOEASY LTD. ANNOUNCES INCREASE TO CREDIT FACILITY

goeasy Ltd. has entered into an amendment to its pre-existing senior secured revolving credit facility to increase the amount available to be borrowed thereunder and to adjust certain covenants.

The amendment increased the maximum principal amount available from $110-million to $174.5-million, available on a revolving credit basis subject to the satisfaction of customary conditions, plus an increase of $14-million to the accordion feature of the credit facility, for a total of $89-million. Certain of the financial covenants in the credit facility were also made less restrictive, in order to provide the company with increased operational flexibility. There is no change to the cost of borrowing under this credit facility. Interest on advances continues to be payable at either the Canadian bankers' acceptance rate plus 450 basis points or the lender's prime rate plus 350 basis points, at the option of the company.

The company intends to use borrowings under the credit facility to expand its consumer loan portfolio and for general corporate purposes.

"After a strong start to the year, we are pleased to have expanded the revolving credit facility and to have amended our covenants," said David Ingram, goeasy's chief executive officer. "These amendments will provide added capacity and flexibility to allow for the accelerated growth of our easyfinancial loan portfolio."

About goeasy Ltd.

goeasy is a leading full-service provider of goods and alternative financial services that provides everyday Canadians with a chance for a better tomorrow, today. goeasy serves its customers through two key operating divisions, easyfinancial and easyhome. easyfinancial is a non-prime consumer lender that bridges the gap between traditional financial institutions and costly payday lenders. It is supported by a strong central credit adjudication process and industry-leading risk analytics. easyfinancial also operates an indirect lending channel, offering loan products to consumers at the point-of-sale of third party merchants.

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