Toronto.Ontario Nov 03, 2005 MortgageBrokers.com Inc, a subsidiary of MortgageBrokers.com Holdings Inc. (MBKR.OB), announced today that it has received regulatory approval from the Real Estate Council of Alberta ("RECA") to start accepting mortgage applications and conduct mortgage brokerage operations.

Over the last two decades, Alberta has had the highest economic growth in Canada. According to the Conference Board of Canada in the summer of 2005, "economic activity is steaming ahead on several fronts. The construction sector is giving the economy the biggest push as billions of dollars are being invested..." "Expansion to Alberta is a tremendous market opportunity and a major growth milestone for the Company," states Alex Haditaghi, CEO and Chairman of MortgageBrokers.com Inc. "With our unique and innovative business proposition to mortgage originators centered around equity participation in a public company, we resolve long standing industry issues. Given Alberta's rapid economic growth and prosperity, we are poised to continue our success in attracting and consolidating small and medium size mortgage brokerage enterprises."

MortgageBrokers.com is a compelling and recognizable mortgage brokerage brand and technology firm serving the mortgage broker and financial industry. MortgageBrokers.com consolidation strategy is based on a vision of combining small and medium sized enterprise (SME) brokerages into a scalable operating entity that can better compete in the industry under one recognizable brand. The prime objective is to improve the economic performance of the combined companies though the reduction of operating costs, expansion of a national brand, diversification of product lines and investment in technology. The Company's proprietary technology platform Eximius(TM) will allow its entire partner network to work together simultaneously in shared services environment. Eximius allows SME broker partners to work under the MortgageBrokers.com brand and save on the centralization of back office disciplines.

Cautionary Note Regarding Forward-Looking Statements

Statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including "anticipate," "await," envision," "foresee," "aim at," "plans," "believe," "intends," "estimates," "expects " including without limitation, those relating to the company's future business prospects, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. www.sec.gov.