TSXV Symbol: CYF CALGARY, May 2 /CNW/ - Canyon Creek Food Company Ltd. ( "Canyon Creek" ), a food processing company listed on the TSX Venture Exchange under the trading symbol "CYF", is pleased to announce its third quarter results. Listed below are some of the highlights of the third quarter. - The Net Profit for the Q3 of $764.00 is a significant turnaround for the company when compared to a net loss of $223,134 for the same period last year. - Sales increased 26% or $302,866 vs. third quarter 2005 - The company's YTD loss is $25,331 vs. $812,562 for the same period last year - EBITDA is a positive $258,300 YTD (June 1, 2005 to Feb 28, 2006) vs. a negative $306,445 for the same period last year - Sales increased 31% vs. previous YTD or $1,058,964 The company continues to focus on developing sales with its major retail customer. Although this development has been slower than anticipated due to the start-up process, the company is confident that during first quarter of fiscal 2007 it should realize the full benefit of the contract. Canyon Creek is a food processing company based in Calgary and Edmonton, Alberta providing fresh soups and other prepared food products for today's health conscious consumer. The company provides its fresh food product line to both grocery retailers and a broad range of food service establishments such as restaurants and institutions through out Canada. This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under Canyon Creek's control which may cause actual results, performance or achievements of Canyon Creek to be materially different from the results, performance or expectations implied by these forward-looking statements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. %SEDAR: 00004242E