Mr.

jaffray buyouts

The company
undertakes no obligation to publicly update or revise any statements
in this release, whether as a result of new information, future events
or otherwise.

Venture capital affiliates of corporations are also listed.

trautman buyouts

leveraged financings

H. Investment
instruments include subordinate debt with warrants or conversion
privileges and equity securities. The company cautions that these forward-looking
statements are further qualified by other factors. To
date, Pender has completed or committed capital to concerns engaged
in real estate and resort ownership and development, and gold mining
located in Canada and Mexico. There can be no assurance that
such statements will prove accurate and actual results and future
events could differ materially from those anticipated in such
statements.

turnarounds edelson

gryffindor jaffray

Pender International Terminates Negotiations on Previously Announced Financing Agreement for $100 Million with Cornell Capital

Pender will invest in management and
leveraged buy-outs, recapitalizations and financial restructurings ,
mezzanine financings, and the purchase of real estate portfolios.

g.

interwest venture

Jang stated that a final agreement on
satisfactory terms could not be reached with Cornell. To date, Pender has completed or committed capital to
concerns engaged in real estate and resort ownership and development,
and gold mining located in Canada and Mexico.

angel investors.

turnarounds venrock

Each cash draw was to be converted into
registered common shares of the Company at a price equal to the
weighted average trading price of the shares of Pender for the five
days immediately preceding the date of draw down.
Pender International Inc. The Company intends to invest in
management and leveraged buy-outs, recapitalizations and financial
restructurings, mezzanine financings, and the purchase of real estate
portfolios.

turnarounds ventures

PenderInternationalInc .

jaffray recapitalizations

Pender's investment strategy is driven
by the quality of underlying asset values, realizable upside
potential, the potential to add substantial value and the timing of
value realization, and is not limited by industry or geography.

proma ventures

, located in Markham, operates as a
merchant bank for small to medium-sized, undervalued companies that
require capital for growth or financial restructuring . Upon completion of the Cancellation the total number
of outstanding shares will be reduced by approximately 85% from
396,498,000 shares to 57,498,000 shares.
Pender International Inc. In addition
Pender provides experienced, highly qualified senior management in
support of existing management of investee companies.

consolidations recapitalizations

Business Editors

MARKHAM, Ontario----Pender
International Inc.
The purpose of the Cancellation is to reduce share dilution,
increase existing shareholder value, and enhance the financial
attractiveness of the Company's shares to future sources of capital
which may be required to maximize the value of Pender's existing
portfolio of investments and to underwrite future acquisitions.

trautman recapitalization

Additional information about the Company is available at
www.

trautman ventures

Technical complications that may arise could prevent the
prompt implementation of any strategically significant plan(s)
outlined above., located in Markham, operates as a
merchant bank for small to medium-sized undervalued companies that
require capital for growth or financial restructuring.

consolidations interwest

The
summary terms of the Agreement provided Pender with a $100 million
equity line of credit to be drawn, on five-day notice, in amounts of
$2 million per draw.

turnarounds leveraged

Jang
believes that the quality and potential of our existing development
project portfolio is attractive to a diversified range of domestic and
international investors , and he is confident that an alternative
financing agreement is possible on terms that may better enhance
shareholder value. There can be no assurance that
such statements will prove accurate and actual results and future
events could differ materially from those anticipated in such
statements .

tullis edelson

Business Editors

MARKHAM, Ontario----Pender
International Inc. ("Pender" or the "Company ") (OTCBB:PNDR) announced
that it has reached an agreement with three of its shareholders for
the immediate cancellation of 339,000,000 restricted shares (the
"Cancellation"). Technical complications that may arise could prevent the
prompt implementation of any strategically significant plan(s)
outlined above.

consolidations westaim

Pender International Cancels 339 000 000 Restricted Shares to Enhance Shareholder Value

sanderling financings

( "Pender" or the "Company") (OTCBB:PNDR) announced
that it has cancelled negotiations on a previously announced, on
January 28, 2005, private placement equity line financing agreement
(the "Agreement ") with Cornell Capital Partners LLP ("Cornell").
Company management is committed to maximizing shareholder value at
every opportunity.

The subcategory Entrepreneurial Resources and its subcategories list many other sites potentially useful to entrepreneurs, including other forms of access to capital , e.

subordinated venture

The funds were to be
used for general corporate purposes, the development of existing
projects , and future acquisitions. In addition,
Pender provides experienced, highly qualified senior management in
support of existing management of investee companies.

westaim venture

Pender's investment
strategy is driven by the quality of underlying asset values,
realizable upside potential, the potential to add substantial value,
and the timing of value realization, and is not limited by industry or
geography.com

Listing: OTC Bulletin Board Current Price: US $0.com

Listing: OTCBB Current Price: US $0.26
Stock Symbol: PNDR Shares O/S: 57,498,000

Certain statements in this press release may contain
forward-looking information within the meaning of Rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act
of 1934, and are subject to the safe harbor created by those rules,
including , without limitation, statements regarding potential future
plans and objectives of the company.

trautman venrock

24
Stock Symbol: PNDR Shares O/S: 57,498,000

Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act
of 1934, and are subject to the safe harbor created by those rules,
including, without limitation, statements regarding potential future
plans and objectives of the company, are forward-looking statements
that involve risks and uncertainties. Investment
instruments include subordinate debt with warrants or conversion
privileges and equity securities.PenderInternationalInc.

interwest csf

Chairman Kalson G.

recapitalizations turnarounds

Additional information about the Company is available at
www. The company cautions that these forward-looking
statements are further qualified by other factors.

Listed directly in this category are professional venture capital firms that raise fund(s) from investors and then identify, screen, select and invest directly in entrepreneurial business ventures that are typically in their early stages.

restructurings buyouts