updated 11/15/2010 5:15:56 PM ET 2010-11-15T22:15:56

TORONTO, Nov. 15, 2010 (GLOBE NEWSWIRE) -- In accordance with regulatory requirements, W. Matthew Raymond and his associates ("Raymond Group") hereby report that on November 9, 2010 as a group they have collectively sold, by way of a private transaction, 5,960,430 common shares in capital of Allied Northern Capital Corporation ("Allied"), for a price of $0.104 per share.

The Raymond Group does not now hold any securities or any interest or control over any common shares of Allied. The Raymond Group does not intend to acquire any securities of Allied in the immediate future.

A copy of the related warning reports filed with applicable securities commissions may be obtained from the SEDAR website ( www.sedar.com ). For more information please contact David Raymond at Tel: (416) 232-6700, or Fax: (416) 352-1838.

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