To: Golf Pro6 who wrote (15 ) 10/25/2001 1:50:49 PM From: CIMA Respond to of 37 Monday October 22, 5:13 pm Eastern Time Press Release SOURCE: Nova Growth Corp. Nova Growth Corp. - Litigation update TORONTO, Oct. 22 /CNW/ - Nova Growth Corp. (the "Company") announces that the previously scheduled motions in the Nova v. Falls Entertainment, et al action of March 19, 2001 have been rescheduled to commence on December 17, 2001. The Company further reports that discoveries shall commence in the Nova v. GVG, et al action on October 30, 2001. KEPINSKI, BOXER AND FALLS ENTERTAINMENT, et al Certain of the interlocutory motions concerning the Company's litigation against Andrzej Roman Kepinski (a former President and Director of the Company), Richard J.G. Boxer (a former director and officer of the Company's wholly owned subsidiary Win North Gaming Corporation), and their related companies that were ordered to be mediated by Mr. Justice Farley have been rescheduled to be heard on December 17 and 18, 2001. The Company has received confirmation of this date from the Commercial Court. By order of the Commercial Court, the court files in respect of the motions have been sealed until the interlocutory motions have been heard and the court rules in respect of the sealing order. The Company is seeking to enforce its entitlement to ownership in the Niagara Falls Casino/Gateway project and in Casino Niagara. GAMING VENTURE GROUP ("GVG"), et al This Ontario action is against Shiplake Casino Corp. ("Shiplake"), an Ontario corporation and Park Gaming, L.P. ("Park"), a Delaware limited partnership. In the action, the Company is seeking, among other things, a declaration that it carried on business as a partner or, alternatively, as a joint-venturer with Shiplake and Park in respect of GVG's response to the February 18, 1997 request for proposals of the Gaming Control Commission's (Ontario) Charity Gaming Club Project. The Company is also seeking an accounting of all right, title and interest, as well as proceeds and benefits held or obtained, by Shiplake or Park, in any monies paid in respect of the GVG Bid. The Company also claims damages for breach of contract in the amount of $10,000,000 or in the alternative, damages for breach of fiduciary duty in the amount of $10,000,000. Statements of defense have been received, and the Company has delivered its affidavit of documents. The Company reports that examinations for discoveries have been scheduled to commence on October 30, 2001. COOPERS & LYBRAND, et al The Company commenced an action in Ontario against Coopers & Lybrand; Coopers & Lybrand L.L.P.; Gary Hassard; Robert Scarpelli and Michael French seeking an accounting and other relief against the Defendants in respect of services performed by the Defendants for the Company in respect of various casino ventures pursued by the Company, including ventures in Trinidad, the Azores, Calgary and Niagara Falls. Statements of defense have been received, and affidavits of documents have been delivered. The Company reports that it will be proceeding to discoveries. The Canadian Venture Exchange ("CDNX") has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. Nova Growth Corp. has 11,104,383 common shares outstanding (19,729,383 on a fully diluted basis).