OREANDA-NEWS. On March 20, 2007 Growthgen Equity II Inc. (the "Corporation") - Craig Leon, President of the Corporation, is pleased to announce that the Corporation completed its initial public offering (the "Offering") of 1,000,000 common shares at purchase price of $0.30 per common share by way of a prospectus, filed in the Provinces of Alberta, British Columbia, and Ontario for gross proceeds of $300,000, reported the press-centre of  Growthgen Equity II Inc.

The Corporation is a Capital Pool Company as defined in the policies of the TSX Venture Exchange Inc. (the "Exchange"). To date, Growthgen has not conducted operations of any kind and has not entered into an "Agreement in Principle", as such phrase is defined in Exchange Policy 2.4 - Capital Pool Companies.

Research Capital Corporation acted as agent in connection with the Offering. For its services, Research received a cash commission as well as options to purchase up to 100,000 common shares of the Corporation at an exercise price of $0.30 per common share, exercisable within twenty-four months from listing of the common shares on the Exchange.

In addition, the Corporation granted options to its officers and directors to purchase up to 166,667 common shares of the Corporation at an exercise price of $0.30 per common share for a period of up to five years from the date of the closing of the Offering.

The Exchange conditionally accepted the listing of the common shares of the Corporation on February 5, 2007. Final acceptance is subject to the Corporation fulfilling all of the listing requirements of the Exchange.

Neither the TSX, nor any other securities Regulatory Authority has approved or disapproved of the contents of this news release. This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.