Forzani Group Announces Senior Management Appointments

The Forzani Group Ltd. (TSX:FGL), Canada's largest retailer of sporting goods, today announced that Michael R. Lambert, CA has joined the organization as Chief Financial Officer.
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CALGARY, ALBERTA--The Forzani Group Ltd. (TSX:FGL), Canada's largest retailer of sporting goods, today announced that Michael R. Lambert, CA has joined the organization as Chief Financial Officer. Mr. Lambert has had extensive experience in senior financial and executive management roles with a number of prominent Canadian organizations including Canadian Pacific Railway, George Weston Group of Companies, and the Southam Group of Companies. Mr. Lambert also has significant retail experience, having been the CFO of Mark's Work Wearhouse Ltd. and a member of its board of directors, and then later Executive Vice President of Canadian Tire Corporation and President of the Mark's Work Wearhouse division, following its acquisition by Canadian Tire.

"Mike has clearly demonstrated his capability as a Chief Financial Officer and his effectiveness as an executive," says Robert Sartor, CEO. As an already seasoned retail executive, Mike brings a wealth of knowledge and experience to our Company. I am confident, as is our Board of Directors, in Mike's ability to assist FGL in articulating and executing its strategic direction and growth plans. We are very pleased to have Mike on board."

Also announced is an expanded role for Richard Burnet as Senior Vice President of Administration. In addition to his current responsibilities of overseeing financial management of the business, Mr. Burnet will be responsible for Information Technology and Loss Prevention, two key areas for the organization. During his tenure with Company, Richard has been a key contributor to the development of the business and its growth strategy. "Richard continues to demonstrate his commitment and value to this organization," said Mr. Sartor. "We look forward to his continued success in his new role."

"The addition of Mike Lambert and the expansion of Richard Burnet's responsibilities will enhance the Company's financial management and administration, while allowing me to focus additional time on FGL's long-term strategy and direction."

The Forzani Group Ltd. is Canada's largest national retailer of sporting goods, offering a comprehensive assortment of brand-name and private-brand products, operating stores from coast to coast, under the following corporate and franchise banners: Sport Chek, Coast Mountain Sports, Sport Mart, National Sports, Sports Experts, Intersport, Econosports, Atmosphere, Tech Shop, Pegasus, Nevada Bob's Golf, Hockey Experts, The Fitness Source and Athletes World. The Company also retails on-line at www.sportmart.ca, and provides a content rich sporting goods information site at www.sportchek.ca.

The foregoing information may contain forward-looking statements relating to the future performance of The Forzani Group Ltd. Forward-looking statements, specifically those concerning expected reorganization costs and future performance, are subject to certain risks and uncertainties, and actual results may differ materially. The Company, in compliance with the reporting requirements of the Canadian securities commissions, details these risks and uncertainties from time to time.

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