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PRESS RELEASE:

CMJ Capital Inc. Announces that the TSX Venture Exchange Inc. Has Conditionally Approved its Qualifying Transaction
Acquisition of Power Tech Corporation Inc.

Québec, January 28, 2005 –CMJ Capital Inc. (“CMJ”) (TSX Venture Exchange: CJM.P) is pleased to announce that the TSX Venture Exchange Inc. (the “Exchange”) has conditionally approved the qualifying transaction described in an agreement in principle entered into last August 24, 2004 providing for the acquisition of all the issued and outstanding shares and warrants of Power Tech Corporation Inc. (“Power Tech”). The purchase price of the shares held by the actual shareholders of Power Tech will be paid by the issuance of 17,750,000 CMJ Common shares at a price of $0.40 per share for an aggregate value of $7,100,000. The purchase of the shares and warrants issued according to Power Tech’s concomitant private placement for a minimum of $1,750,000 and a maximum of $2,000,000 will be paid by the issuance of a minimum of 4,375,000 and a maximum of 5,000,000 CMJ Common shares at a price of $0.40 per share and by the issuance of a minimum of 4,375,000 and a maximum of 5,000,000 CMJ warrants, each warrant entitling its holder to subscribe one CMJ common share at a price of $0.60 for a period of 24 months from their issuance.

CMJ proceeded today with the filing of its filing statement, through SEDAR, in accordance with the applicable policies of the Exchange. This filing statement is available to the public through the Exchange and SEDAR at the following address: www.sedar.com.

CMJ and Power Tech intend to proceed to close the qualifying transaction and the private placement of Power Tech described in CMJ filing statement, for a minimum of $1,750,000 and a maximum of $2,000,000, at least 7 business days following the date of this press release, that is February 11, 2005 , as per Policy 2.4 of the Exchange.

Power Tech specializes in developing, integrating and commercializing leading edge technologies allowing substantial performance, productivity and functionality improvements in excavation equipment and systems for the general construction industry and several other applications in the aluminum, mining, tunnel digging, forestry and military industries.

The board of directors of CMJ and its shareholders have approved the implementation of a stock option plan, its coming into force being subject to the approval of the Exchange and the Autorité des marchés financiers.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

For further information, please contact:

Dany Girard
President and director
CMJ Capital Inc.
Phone: (418) 653-9339
Fax: (418) 652-0688

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