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To: Jim Bishop who wrote (69439)	11/2/2000 2:55:38 PM
From: CIMA	Respond to of 150070

YVA:CDNX - Nova Growth Corp. - Announces April 2, 2001 Trial Date for Niagara Falls Casino Litigation and general corporate update TORONTO, Nov. 2 /CNW/ - Nova Growth Corp. (the "Company") announces that the Ontario Court of Justice has set a trial date of April 2, 2001 in respect of the Company's litigation against Andrzej Roman Kepinski (a former President and Director of the Company), 1021862 Ontario Limited (a company beneficially owned by Mr. Kepinski), A. Kepinski & Associates, Richard Boxer (a former director and officer of the Company's wholly owned subsidiary Win North Gaming Corporation), 867214 Ontario Limited (a company associated with Mr. Boxer), Buckingham Capital Corporation (a company associated with Mr. Boxer), and Falls Entertainment Corporation (a company in which Mr. Kepinski and Mr. Boxer have interests). The Company claims, among other things, that certain or all of the interests of any and all of the defendants in Falls Entertainment Corporation and the Niagara Falls Casino-Gateway Project are the property of the Company, that the debentures issued by the Company relating to the acquisition of Win North Gaming Corporation to each of 1021862 and 867214 are void, or voidable at the option of the Company, that the defendants deliver to the Company 1,900,000 shares of the Company, damages in the amount of $10,000,000.00, indemnity for all liabilities incurred by the defendants in the name of the plaintiffs, and that the defendants do not have any interest in or claim against any of the undertakings of the Company, or Win North Gaming Corporation. The Company also announces that it has completed two private placements, each for 428,570 common shares at $0.35 per common share, representing total proceeds to the Company of $300,000. Proceeds from the subscriptions will be used for working capital. The Company has also entered into agreements with certain creditors to convert their outstanding debt into equity of Nova Growth Corp. The total debt of $510,000 will be exchanged for common shares at a price of $0.40 per common share. The total number of shares that would be issued is 1,275,000. The agreements are subject to Shareholder approval, which approval will be sought at the Company's Annual and Special meeting of Shareholders on November 22, 2000. Nova Growth Corp. has 9,829,383 common shares outstanding (11,047,243 on a fully diluted basis). -30- For further information: Mr. Brian Hamm, President and Director at (416) 362-3966