Olympia Financial Group Inc.TSX: OLY

Olympia Financial Group Inc. - Trading Symbol: OLY (TSX-V) - Distribution Reinvestment and Option Share Purchase Plan

· Issued by Olympia Financial Group Inc. via CNW

CALGARY, May 14 /CNW/ - Effective May 14, 2009 Olympia Financial Group Inc. ("The Corporation") has instituted a Distribution Reinvestment and Option Share Purchase Plan ("The Plan") for all common shareholders of the Corporation resident in Canada.

Shareholders will be able to elect all or a partial amount of their common dividend payment and or optional cash payment to purchase additional common shares of the Corporation through the Plan.

The Plan Administrator, Olympia Trust Company will purchase common shares of the Corporation on the Toronto Stock Exchange open market (TSX:V - OLY). The purchase price to shareholders will be the average weighted share price of the shares purchased on behalf of the Plan holders.

Enrolment forms and the Plan information circular will be mailed to all registered shareholders on May 15, 2009. Beneficial shareholders should contact their financial advisor / broker should they wish to participate in the plan.

For more information on the Olympia Financial Group Inc. Distribution Reinvestment and Option Share Purchase Plan please contact the Plan Agent:

Olympia Trust Company
Attention Corporate Actions
2300, 125 - 9th Avenue SE
Calgary, AB T2G 0P6
Telephone: (403) 261-0900
Fax: (403) 265-1455

THE TSX VENTURE EXCHANGE INC. HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.