Austin Beutel, a well-known businessman has bought since September 2004, 464,700 shares of Magnotta Winery at an average cost of  $1.55 per share.

Some financial data for Magnotta:

- PSR of 0.90 (high);

- net margin of 8% for its last fiscal year (January 31, 2005) (very good);

- level of debt versus shareholder's equity of 34% (July 31, 2005) (moderate);

- book value per share of $1.80 (July 31, 2005), near its current share market price (nice);

- Return on shareholder's equity of 10% (fiscal year ended 31 January 2005) (moderate);

- p/e of around 10 (very good);

Regards,

G.L.