Olympia Financial Group Inc.TSX: OLY

Olympia Financial Group Inc. - Trading Symbol: OLY (TSX-V) - Revenue increased by 46%; Pre-tax earnings increased 66%

· Issued by Olympia Financial Group Inc. via CNW

CALGARY, May 7 /CNW/ -

                                        For the Quarters ending March 31
                                        --------------------------------
                                                2008           2007
                                                ----           ----
Revenue                                      $7,641,370     $5,210,252
Pre-tax earnings                              2,273,402      1,373,106

The Company has no sub-prime market investments and will therefore not experience any asset deterioration due to sub-prime market exposure.

Additional information on Olympia Financial Group Inc. can be found on the Group's website at www.olympiatrust.com and on SEDAR at www.sedar.com.

DISCLAIMER

THE TSX VENTURE EXCHANGE INC. HAS NOT REVIEWED AND DOES NOT ACCEPT

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE