Securac Signs Project Enterprise License Agreement with Grant Thornton LLP CALGARY, Alberta, Jan. 25 /PRNewswire-FirstCall/ -- Securac Corp. ("Securac") (OTC:SECU) (BULLETIN BOARD: SECU) announces that it has entered into a Teaming Agreement and Project Enterprise License Agreement ("PELA") with Grant Thornton LLP on December 22, 2004. With this agreement Grant Thornton assigned to Securac all of its rights, title and interest of the Risk Assessment Framework for Technology (RAFT) application which was developed and used by Grant Thornton to help clients understand and manage their IT risks. After extensive re-engineering, Securac has now incorporated the RAFT concepts and knowledge base into its Acertus(TM) Software product thus establishing its own COBiT Module. During the term of this agreement, GT has the ability to use the Acertus(TM) Software at all client project sites in exchange for a project-based license fee to Securac. "Securac is delighted to have Grant Thornton LLP, Canada, as our newest business consulting services partner. This agreement with Grant Thornton, one of Canada's top five accounting and business consulting firms, further positions Securac's Acertus software product as the premier risk, governance and compliance solution on the market," stated Terry Allen, Chief Executive Officer, Securac. "Risk governance, risk assessment and risk compliance are becoming corner stones for corporations overall business performance management. We are very pleased to be able to offer our Acertus solution to Grant Thornton clients." RAFT was developed by Grant Thornton to support its IT Governance and Controls advisory services. Building on to the Control Objectives for Information & Related Technology (COBIT) created by the Information Systems Audit and Control Foundation, Grant Thornton developed a catalog of threats to IT assets and processes and a consistent way to assess how those threats create risk for the organization. "Our relationship with Securac allows the RAFT software tool to be taken to the 'next level' by a recognized leader in the risk management solutions software industry," said Chris Anderson, Technology Risk Management Partner, Grant Thornton LLP. "Securac will focus on developing and enhancing the RAFT tool, and our Technology Risk Management professionals will focus on client service delivery. Grant Thornton also gains access to the whole Acertus solution, which will provide immediate support for our plans to grow the Technology Risk Management practice." About Securac Securac's suite of risk management and compliance solutions enable organizations to identify, measure and manage information and physical security risks against international industry best practice standards and compliance (such as ISO 17799) while determining their ability to meet the legal requirements of numerous international and national legislative enactments. Securac's proprietary Acertus(TM) platform embodies a proven risk management methodology using industry accepted analytics in conjunction with extensive threat, vulnerability, risk mitigation and industry governmental regulation datasets. These powerful benchmarking capabilities allow enterprises to build a valid and enduring enterprise risk management and compliance strategy. Securac's principal office is located in Calgary, Alberta and it maintains sales offices in Edmonton, Vancouver, San Mateo and Boston. For more information on Securac's product and service offerings, e-mail or call toll free (877) 328-7220. Except for historical information, this news release contains forward-looking statements, which reflect Securac's current expectation regarding future events. These forward-looking statements involve risk and uncertainties, which may cause but are not limited to, changing market conditions, the successful and timely completion of financing, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory environment, and other risks detailed from time to time in Securac's ongoing news releases. DATASOURCE: Securac Corp. CONTACT: Terry W. Allen, Chief Executive Officer, , or R.C. (Bob) Stewart, Investor Relations, , both of Securac Corp., +1-403-225-0403

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