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Press release from TheNewswire.ca

Loyalist Group Reports 463% Increase in Revenue in Q3 from Acquisitions and Increased Enrolment

Tuesday, November 29, 2011

Loyalist Group Reports 463% Increase in Revenue in Q3 from Acquisitions and Increased Enrolment 14:48 EST Tuesday, November 29, 2011(via Thenewswire.ca) Toronto, Ontario - November 29, 2011 - Loyalist Group Limited ("Loyalist" or the "Corporation") (TSX Venture Exchange: "LOY"), today reported its financial results for the third quarter ended September 30, 2011, which is the Corporation's third quarter since obtaining its public listing through reverse take over on the TSX Venture Exchange on January 5, 2011. The accounting parent in the reverse takeover was McKinsey Education Group ("McKinsey"). Therefore, the financial statements are presented from the perspective of McKinsey and the comparative figures presented are those of McKinsey. The third quarter fiscal 2010 results from McKinsey's have been restated to reflect the Corporation's adoption of IFRS reporting guidelines. Total revenue for Loyalist for the three moths ended September 30, 2011 were $1,502,801 compared to $266,848 for the same comparable period last year, an increase of 463%. Three and nine months ended September 30, 2011, compared to three and nine months ended September 30, 2010 ------------------------------------------------------------------ |  |3 Months |3 Months|9 Months |9 Months|  | | |2011 |2010 |2011 |2010 | | | |  |  |  |  | | |----------------------------------------------------------------| |Revenues |1,502,801|266,848 |2,280,714 |615,009 |  | |  |  |  |  |  | | |----------------------------------------------------------------| |Operating Expenses*|1,777,659|252,440 |3,166,574 |590,980 |  | |  |  |  |  |  | | |----------------------------------------------------------------| |Non-operating |95,769 |- |131,009 |- |  | |Expenses** |  | |  | | | |  | | | | | | |----------------------------------------------------------------| |Net Income (Loss) |(370,627)|14,408 |(1,016,869)|24,029 |  | |  |  |  |  |  | | |----------------------------------------------------------------| |  |  |  |  |  |  | |----------------------------------------------------------------| |Net Income (Loss) per Share | |  | |----------------------------------------------------------------| |Basic |(0.007) |0.001 |(0.022) |0.003 |  | |  |  |  |  |  | | |----------------------------------------------------------------| |Fully Diluted |(0.007) |0.001 |(0.022) |0.003 |  | |  |  |  |  |  | | ------------------------------------------------------------------ *Comprises stock-based compensation office and general finance costs, professional fees, travel consulting fees, amortization of intangible assets and depreciation of property, plant and equipment. **Comprises integration, restructuring, and acquisition costs, foreign exchange loss, and loss on investments. Andrew Ryu, CEO of Loyalist, commented, "Our focus in 2011 has been to drive growth through acquisitions and we have been successful in accomplishing our goal. Our student enrollment has grown from 110 in January 2011 to over 695 at the end of November 2011." 2011 Third Quarter Operational Highlights -The Company completed its acquisition of all the issued and outstanding securities of PGIC Vancouver Studies Inc.("PGIC") and Pacific Gateway Career College Inc.("PGCC"). -The Company completed its acquisition of 100% interest in an agency ("Agency") in South Korea. -The Company has incorporated its wholly owned subsidiary, Loyalist Group Korea ("LOYKOR") in South Korea. -The Company entered into an agreement to acquire Western Town College (WTC), an ESL school in Vancouver, Canada for the purchase price of $350,000 in cash. Highlights Subsequent to the End of Q3 -On October 17, 2011, the Company issued $500,000 in a convertible debenture. -On October 31, 2011, the Corporation completed its acquisition of Western Town College (WTC), an ESL school, in Vancouver, Canada. To view the Corporation's financial statements and management's discussion and analysis for the period, please visit www.sedar.com. About Loyalist Group Limited Listed on the TSX Venture since January 5, 2011, Loyalist Group Limited (TSXV: LOY) owns and operates private education schools both in Toronto and Vancouver offering (i) English as a Second Language Courses for international students; (ii) Training programs for teachers, commonly known as TESL; (iii) Professional Development Courses; and (iv) Corporate English for Professionals. To receive corporate news updates send your email to gtraer@loyalistgroup.com and mention ?Loyalist News' on the subject line. For further information, please contact: Andrew RyuGary V. Traer Loyalist Group LimitedLoyalist Group Limited CEO CFO I: (416) 977-9800 I: (416) 977-9800 E: aryu@loyalistgroup.comE: gtraer@loyalistgroup.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Copyright (c) 2011 Thenewswire.ca - All rights reserved.