Taggart Capital Corp. announced the introduction of a new management team through the resignation of the current directors and officers of the company and the replacement thereof by a new management team and board. The new management team of the Company consists of: (i) James W. Beckerleg, who serves as President, Chief Executive Officer and Director, (ii) Gordon G. Lawlor who serves as Chief Financial Officer and Director, and (iii) Vitale A. Santoro who serves as Corporate Secretary.

In addition, two independent directors were appointed. John Levitt (Toronto), serves as Independent Director and Chairman of the Board, and G rard A. Limoges (Montreal) serves as Independent Director and Chair of the Audit Committee. From May 2010 until recently, James W. Beckerleg was the President and Chief Executive Officer of CANMARC, a publicly-traded REIT with a nationally diversified portfolio of commercial properties.

From May 2010 until recently, Gordon G. Lawlor was the Executive Vice President, Chief Financial Officer and Secretary of CANMARC. Vitale A. Santoro is a partner in the corporate department of the Montreal office of Osler, Hoskin & Harcourt LLP. From May 2010 until recently, John Levitt was an Independent Trustee of CANMARC and served on several committees during his time with CANMARC, including the Audit Committee, the Governance and Nominating Committee, and the Investment Committee.

From May 2010 until recently, G rard A. Limoges was an Independent Trustee of CANMARC and served on several committees during his time with CANMARC, including the Audit Committee (as Chair), the Governance and Nominating Committee, and the Compensation Committee.