Mr. Allan Fowler reports

MOSAIC CAPITAL CORPORATION FILES FINAL BASE SHELF PROSPECTUS

Mosaic Capital Corp. has filed, and received receipt for, a final short form base shelf prospectus. The prospectus was filed with the securities regulatory authorities in each of the provinces of Canada, except Quebec, to provide Mosaic with financial flexibility and efficient access to Canadian capital markets. A copy of the prospectus is available under Mosaic's profile on SEDAR.

The prospectus is valid for a 25-month period, during which time Mosaic may, from time to time, issue common shares, preferred shares, warrants, preferred securities, debt securities, subscription receipts and units, or any combination thereof, having an aggregate offering price of up to $200-million.

Securities may be offered for sale separately, or in combination with one or more other securities, and may be sold from time to time in one or more transactions at a fixed price or prices, or on a non-fixed price basis. Mosaic may offer and sell the securities to or through underwriters or dealers purchasing as principals, and may also sell directly to one or more purchasers, or through agents or pursuant to applicable statutory exemptions. The specific terms of any offering of securities will be described in one or more shelf prospectus supplements which will be filed with the applicable securities regulatory authorities at the time of the offering of such securities.

About Mosaic

Mosaic is a Canadian investment company that owns a portfolio of established businesses which span a diverse range of industries and geographies. Mosaic's strategy is to create long-term value for its shareholders through accretive acquisitions, long-term portfolio ownership, sustained cash flows and organic portfolio growth.

We seek Safe Harbor.