Canadian Banc Recovery Corp. announces a name change to Canadian Banc Corp. Trading on the Toronto Stock Exchange under the new name is expected to commence on Friday, January 27, 2012.

Contacts: Canadian Banc Recovery Corp. Investor Relations 416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372) www.primerateplus.com

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