CALGARY, ALBERTA--(Marketwired - May 4, 2015) - Olympia Financial Group Inc. (TSX:OLY) (the "Corporation") today announced that it has received approval of the Toronto Stock Exchange (the "Exchange") to proceed with a normal course issuer bid ("NCIB") of its issued and outstanding common shares ("Common Shares"). As of the date hereof, there were 2,496,552 Common Shares issued and outstanding.

The Corporation currently only intends on purchasing Common Shares having a value up to $4,500,000. In any event, pursuant to the rules of the Exchange, the Corporation will not purchase more than 1,000 in any given trading day and will not purchase more than 150,000 Common Shares (being 9.86% of the public float) in the 12 month period ending May 5, 2016.

The bid will commence on May 6, 2015 and will continue until the earlier of May 5, 2016 and the date by which the Corporation has acquired the maximum number of Common Shares which may be purchased under the bid. Purchases will be made through the facilities of the Exchange only and alternative trading platforms in Canada, in accordance with the requirements of the Exchange, and the price at which the Corporation will purchase its Common Shares will be the market price of the Common Shares at the time of acquisition. The Corporation has appointed BMO Nesbitt Burns Inc. as its broker to conduct NCIB transactions. Common Shares purchased by the Corporation will be returned to treasury for cancellation. During the 12 months preceding the date hereof, the Corporation did not repurchase any Common Shares. Purchases in any given trading day are restricted to a maximum of 1,000 Common Shares. There is no minimum number of Common Shares that must be purchased by the Corporation under the NCIB. The 6 month average daily trading volume, for the period ending April 30, 2015, is 694 Common Shares.

To the knowledge of the Corporation, no director, senior officer or other insider of the Corporation currently intends to sell any Common Shares under the NCIB. However, sales by such persons through the facilities of the Exchange may occur if the personal circumstance of any such person change or any such person makes a decision unrelated to these normal course purchases. The benefits to any such person whose Common Shares are purchased would be the same as the benefits available to all other holders whose Common Shares are purchased.

Management of the Corporation believes that from time to time the market price of the Common Shares may not reflect their underlying value and that, at such times, the purchase of Common Shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders. Any purchases made by the Corporation will also afford increased liquidity to those shareholders of the Corporation who may wish to dispose of their Common Shares.

About Olympia Financial Group Inc.

Olympia Financial Group Inc. ("OFGI") conducts most of its operations through its wholly- owned subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust Company administers self-directed registered accounts and offers foreign currency exchange services. OFGI also offers private health services plans through its wholly-owned subsidiary Olympia Benefits Inc. and operates an ATM business through its wholly-owned subsidiary Olympia ATM Inc.

OFGI's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".