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THE GAINEY FAMILY ANNOUNCES THE CREATION OF THE GAINEY FOUNDATION

MONTREAL (May 2, 2007) - Mr. Bob Gainey, Executive Vice President and General Manager of the Montreal Canadiens, and his children Anna, Stephen and Colleen, announced the creation of the Gainey Foundation at a press conference this afternoon at the Bell Centre.

Established in honor of Cathy and Laura Gainey, the Gainey Foundation will support community-based charitable organizations, especially those committed to causes that reflect Laura and Cathy's interests in education, arts and the environment.

"Over the past few months, we have received overwhelming support from across Canada, the United States and beyond, said Mr. Gainey. We know that many other families went through significant tragedies and struggles, and that many do not have the support and network that we are fortunate to benefit from. We hope that with the resources at our disposal, we can help."

For more information, or to make a donation to the Gainey Foundation, visit www.gaineyfoundation.com, or send your queries to the following address:

Gainey Foundation
c/o Rideau Postal Outlet
PO Box 53078
Ottawa ON
K1N 1C5