Olympia Financial Group Inc.TSX: OLY

Olympia Financial Group INC. grants incentive stock options

· Issued by Olympia Financial Group Inc. via CNW
TSX Venture Symbol "OLY"

CALGARY, June 27 /CNW/ - On June 22, 2006 Olympia Financial Group Inc.
(the "Company") granted incentive stock options to purchase a total of 40,000
common shares of the Company under the Company's 2006 Stock Option Plan (the
"Plan") with an expiry date of June 22, 2011 and an exercise price of $20.00
per share. Thirty-eight thousand of the options will vest as to one-third upon
the date of grant and one-third on each of the next two anniversaries
thereafter, two thousand options vest immediately. The Plan was approved at
the Annual General and Special Meeting of the Shareholders held on June 15,
2006.

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