FOR IMMEDIATE RELEASE

Olympic Spirit Toronto Co-Hosts Canadian Olympic Committee Annual Golf Tournament Fundraiser

Oakville, Ontario - June 23, 2003

Christopher Rudge, Chief Executive Officer of the Canadian Olympic Committee and Glenn Miller, Chairman of Olympic Spirit Toronto (TOROS Entertainment Inc.) co-hosted the Canadian Olympic Committee Annual Golf Tournament Fundraiser at the prestigious Glenn Abbey Golf Club, home of the PGA Tour's Bell Canadian Open, to celebrate International Olympic Day in Canada. Michael Chambers, President of the Canadian Olympic Committee and Paul Henderson, IOC Member and President of the International Sailing Federation were among the many athletes and guests in attendance.

The tournament is the Canadian Olympic Committee's signature fundraising event and included appearances and participation by some of Canada's most decorated Olympians including speed skater Catriona Le May Doan, cyclist Curt Harnett, hockey player Cheryl Pounder and skier Brian Stemmle.

"The tournament is a fantastic opportunity for partners, sponsors and friends of the COC to meet high-performance athletes and help raise funds to support future Canadian athletes and sport in Canada," said Chris Rudge, COC Chief Executive Officer. "It's about having fun and enjoying the day with athletes, colleagues and friends while supporting the Olympic Movement in Canada."

During the dinner, Peter Doyle, Chief Operating Officer of TOROS Entertainment Inc. provided a quick, whirlwind overview of Olympic Spirit Toronto, scheduled to open in the heart of Toronto on Dundas Square next summer in time for the 2004 Athens Olympic Games.

Included in the day's festivities were 18 holes of golf, Olympic-themed competitions, a silent and live auction and dinner at the Glen Abbey clubhouse. The most captivating part of the tournament was the 15th hole (a Par 3), where participants lined up to compete against Olympic archer Rob Rusnov. The golfers were armed with a golf club while Rusnov used his bow and arrow to get closest to the hole. Although some of the golfers were quite skilled, Rusnov had the upper hand all but once, even when firing his bow blind-folded.

Proceeds from the tournament are going towards the COC's Excellence Fund, which is investing $8.7 million over the next two years to support high performance athletes, coaches, national sport federations and Canadian Sport Centres to help boost Canada's chances of success at upcoming Olympic and Pan American Games. The Excellence Fund is the only fund of its kind in Canada that specifically rewards potential sport success and provides direct financial assistance to high performance athletes and coaches.

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