NEWS RELEASE:

New Regional Director of Sales & Marketing for CHIP Hospitality’s Ontario Hotel Region

OTTAWA, ON (November 30, 2007) – CHIP Hospitality is pleased to announce the appointment of Ursula Belanger as the new Regional Director of Sales & Marketing for CHIP Hospitality’s Ontario group of hotels, based out of the Crowne Plaza Ottawa.

Ms. Belanger brings with her more than 25 years of sales and marketing management experience, most recently as the Director of Sales and Marketing at the Ottawa Congress Centre. Her previous work experience includes work with national and international tourism and hospitality industries, such as the New York Waldorf Astoria Hotel, the Steigenberger Hotel group in Germany and the Hilton Hotel in Munich. Throughout her career she has achieved outstanding accomplishments, including serving on the Board of a teenage runaway program, “Operation Go Home”, the founding of a profitable joint venture with European partners and recognition as the 1998 Ottawa Tourism Member of the Year.

“We are delighted to welcome Ursula in her new role as Regional Director of Sales & Marketing,” says Mark Medland, Regional Vice President, Ontario for CHIP Hospitality, “her extensive work experience and strong leadership skills will bring tremendous value and support to the Ontario team of hotels.”

Ms. Belanger’s educational background includes Bachelor and Graduate degrees in Hotel Administration, from the Hotel School Bonn, Germany and a Hotel Marketing and Sales certificate from Cornell University. She continues to develop her skills through various business management courses and is also incredibly active in the Ottawa community. Ms. Belanger is currently serving as the President of the Women’s Business Network, was a part time instructor at Algonquin College and is a member of Meeting Planners International and the Professional Convention Management Association.

CHIP Hospitality is one of Canada’s leading hotel management companies and currently manages 32 hotels and resorts in Canada with more than 7,700 rooms. The company manages independent hotels and hotels operating under major franchise brands including some Delta Hotels, Crowne Plaza, Radisson, Residence Inn by Marriott, Holiday Inn, Hilton, Quality, Gouverneur, Best Western, Ramada and Coast properties. CHIP Hospitality is fully owned by British Columbia Investment Management Corporation (“bcIMC”), a Canadian leader in investment funds management that is based in Victoria, British Columbia (www.bcimc.com).

NOTE TO EDITORS: Photo available upon request.

Contacts:

Deirdre Campbell, Tartan Public Relations
Tel: (250) 592-3838 or (250) 892-9199 cell
deirdre@tartanpr.com

Holly Peterson, CHIP Hospitality
Tel: (604) 646-8787 or (604) 512-9198 cell
hpeterson@CHIPHospitality.com