Olympia Financial Group Inc.TSX: OLY

Olympia Financial Group Inc. - Re: Quarterly Dividend October 31, 2006

· Issued by Olympia Financial Group Inc. via CNW
(TSX Venture Exchange) Trading Symbol: OLY

CALGARY, Sept. 20 /CNW/ - On September 20, 2006 the Board of Directors of
Olympia Financial Group Inc. declared a $0.10 dividend on the common shares of
the Company to those shareholders of record on October 17, 2006 and payable
October 31, 2006.

Olympia Financial Group Inc. conducts the majority of its business
through its wholly owned subsidiary Olympia Trust Company, a non-deposit
taking financial institution with operations in Alberta, British Columbia,
Saskatchewan and Manitoba. Olympia Trust Company operates in four key business
segments: Health Plan, Corporate and Shareholder Services, Registered Plans
and Commercial Foreign Exchange.

"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."