FMF Capital Group Ltd. Reports Third Quarter Results for Fiscal 2007

FMF Capital Group Ltd. (TSX:FMF.UN) announced today that it has filed its results for the nine months ended December 31, 2006. Full financial statements for the nine months ended December 31, 2006 and the Management's Discussion and Analysis for the period are available on the Company's web site at www.fmfcapital.com and at www.sedar.com.

FMF Capital Group is a residential mortgage lending company that originates and funds primarily nonconforming or "nonprime" mortgage loans in the United States and sells those mortgage loans to institutional loan purchasers within an average of 39 days of funding (for the fiscal year ended March 31, 2006). Also during the fiscal year ended March 31, 2006, FMF Capital Group originated its mortgage loans through a network of more than 4,400 independent mortgage brokers, in 39 of the 50 United States and in the District of Columbia.

When used in this news release, the words "anticipate", "expect", "project", "believe", "estimate", "forecast" and similar expressions are intended to identify forward-looking statements, which include statements relating to pending and proposed strategies or business and economic conditions. Such statements are subject to certain risks, uncertainties and assumptions pertaining to operating performance, regulatory parameters, weather and economic conditions and, in the case of mortgage originations and sales, regulatory processes and requirements, ongoing financing and performance of other parties, including partners, institutional loan purchasers and suppliers. Actual results could differ materially from those described in the forward-looking statements. The company does not assume responsibility for the accuracy and completeness of these forward-looking statements and does not undertake the obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. This press release should be read in conjunction with FMF Capital's financial statements, notes to the financial statements and management's discussion and analysis which are available at www.sedar.com.

%SEDAR: 00021796E

For further information: Howard Morof, Chief Financial Officer, (248) 799-4000, investorrelations@fmfcapital.com

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