June 26, 2007



Effective at the market close today, the common shares of Ialta Industries Ltd.("ILTA") will be suspended from trading on CNQ for failure to comply with CNQ requirements.

ILTA, currently halted, will remain suspended until further notice.



For further information please contact Radhika Ramkarran at (416) 572-2000 X 2435 or E-mail: radhika.ramkarran@cnq.ca