TORONTO, Feb. 24 /CNW/ - Leader Capital Corp. ("Leader") announces the following updates consequent upon shareholder approval for the consolidation (the "Consolidation") of its common shares on a 1:500,000 basis received at the special meeting of shareholders held on February 18, 2009.

Articles of Amendment Filed
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Leader announces that it is filing articles of amendment on February 24,
2009 giving effect to the Consolidation.
TSX Venture Exchange Delisting
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On February 23, 2009, the TSX Venture Exchange issued a bulletin
announcing that the common shares of Leader will be delisted effective at the
close of business on February 25, 2009.
Ceasing to be a Reporting Issuer
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Following delisting of its common shares from the TSX Venture Exchange,
Leader will file notices and make applications to cease to be a reporting
issuer for the purposes of applicable Canadian securities laws in those
provinces where Leader is currently a reporting issuer.
Shareholders Acquiring Additional Shares of Leader
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368538 Ontario Inc.

On February 23, 2009, Magaly Bianchini, President and a director of Leader, indirectly through 368538 Ontario Inc. ("368538") acquired 2,421,000 common shares of Leader at a price of $0.51 per share pursuant to private agreements with two shareholders. After completing the acquisitions, 368538 will hold 2,587,320 common shares, representing 17.79% of the outstanding common shares of Leader.

368538 is making the acquisitions to increase its ownership of Leader for investment purposes and may acquire ownership or control over additional common shares of Leader depending on market conditions and other strategic considerations.

Exclusive Asset Management Inc.

On February 23, 2009, Salvatore Fuda, Chairman and a director of Leader, indirectly through Exclusive Asset Management Inc. ("Exclusive Asset Management") acquired 3,177,163 common shares of Leader at a price of $0.51 per share pursuant to private agreements with three shareholders. After completing the acquisitions, Exclusive Asset Management will hold 4,820,345 common shares, representing 33.14% of the outstanding common shares of Leader.

Exclusive Asset Management is making the acquisitions to increase its ownership of Leader for investment purposes and may acquire ownership or control over additional common shares of Leader depending on market conditions and other strategic considerations.

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

This news release contains forward-looking statements. These statements are based on information currently available to Leader and Leader provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe Leaders future plans, objectives or goals, including words to the effect that Leader or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of Leader's mineral properties, and Leader's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of Leader's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Leader's forward-looking statements. Leader does not undertake to update any forward-looking statement that may be made from time to time by Leader or on its behalf, except in accordance with applicable securities laws.