TORONTO, ONTARIO--(Marketwire - Dec. 20, 2012) - Intellectual Capital Group Ltd. ("ICG" or the "Company") (TSX VENTURE:ICL) announces that Mr. Peter Rooney has resigned as an officer and director of the Company effective immediately. Mr. Steven Wise, Chairman & CEO, has assumed Mr. Rooney's duties and responsibilities. The Board of Directors wishes to acknowledge that throughout his eight years with the Company, Mr. Rooney was instrumental in first establishing the Company as a market leader within the cruise loyalty marketplace and in the subsequent repositioning of the Company within the venture philanthropy and digital fundraising market sectors. The Board of Directors is currently constituted with four members.


The evolution of Intellectual Capital Group (ICG) has led to a focus of its management expertise on the creation of partnerships and investment opportunities in best-of-breed entrepreneurial ventures in Sports, Entertainment, Loyalty and Communications. This includes personal management, event and content creation, digital applications, and branding and marketing consulting.

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "creating partnerships and making investments", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive and regulatory risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Intellectual Capital Group Ltd.
Steven Wise
Chairman & CEO
(416) 631-3400