Vancouver – Leisure Canada Inc. (the “Company”) announces a non-brokered private placement
for up to 5,000,000 units (the “Units”) at $0.20 per Unit for proceeds of up to $1 million. Each
Unit consists of one class “A” common share plus one-half warrant (“the Warrant”). Each full
Warrant shall entitle the holder to purchase one additional common share of the Company for a
period of 18 months after the closing date at a price of $0.25 per share. The proceeds from this
financing will be used to fund the Company’s continuing operations for 2009. The private
placement is subject to the approval of the TSX-Venture Exchange. A finder’s fees may be
payable on all or some of the Units placed.

The investor group was led by MAC Capital Limited (www.maccapital.ae) and is composed
primarily from the Abu Dhabi and Dubai, including McMillen Advantage Capital Limited, MAC
Capital Limited and a business group based in Abu Dhabi. MAC Capital and Killik & Co advised
on the placement.

Leisure Canada is a leading developer of luxury resorts in Cuba, with multiple properties
currently under development, including five-star hotels and championship golf courses.

Walter H. Berukoff
Chairman

For more information, please contact:
Investor Relations
Telephone:  (604) 990-9599

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.