FOR IMMEDIATE RELEASE

Phoenix Genesis Announces Purchase of former Thomas Gillbard School in Cobourg

School to be converted into Luxury Heritage Condos

Today's Date -- March 23rd 2004

Phoenix today announced the Acquisition of the Thomas Gillbard School in Cobourg. This was the original Central School & built in 1906. It is on extensive grounds with imposing architecture and is expected to be developed into Luxury Residential Condominium Residences. Further details will be announced.

For More Information Contact:

COBOURG CONDOMINIUMS
323 George Street, Cobourg, Ontario, Canada, K9A 5J3
Tel: 905-372-2344
E Mail: COBOURG CONDOMINIUMS

Denise Liboiron, Real Estate Sales Representative

Century 21 All-Pro Realty (1993) Ltd.

Mobile: 289.251.2190
Office: 905.372.3355
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