Olympia Financial Group Inc.TSX: OLY

Olympia Financial Group Inc. - 1st Quarter earnings press release

· Issued by Olympia Financial Group Inc. via CNW

CALGARY, May 8 /CNW/ - Olympia Financial Group Inc. (TSX-V symbol "OLY") today announced earnings for the first quarter ended March 31, 2007.

             NET EARNINGS INCREASE 25% TO $918 THOUSAND

               DILUTED EARNINGS PER SHARE OF 40 CENTS

About Olympia Financial Group Inc.

Olympia Financial Group Inc. was listed on the TSX venture exchange on May 18, 2006 symbol "OLY". The majority of the groups business is conducted through its wholly owned subsidiary Olympia Trust Company. Olympia Trust Company acts as trustee for self insured private health plans, manages self administered regsistered retirement savings plans, acts as a registrar and transfer agent for public companies, administers employee stock purchase plans for corporations, and provides foreign exchange services and other trustee services.

Disclaimer

This press release precedes the release of the 1st quarter financial results and supporting management, discussion and analysis which are due for release by May 15, 2007. The information is released in good faith and it should not be assumed that representations made herein remain accurate as of any future date. Our actual results could differ materially and adversely from those expressed in this press release. Additional information on Olympia Financial Group Inc. can be found on the Groups website at www.olympiatrust.com and on SEDAR at www.sedar.com.