TSXgroup

February 18, 2008

Davie Yards Inc. - An application has been granted for the original listing in the Industrial category of 154,678,750 common shares (the “Shares”) and 17,681,250 Share purchase warrants (the “Warrants”) of Davie Yards Inc. (the “Company”), of which 120,350,000 Shares and 15,375,000 Warrants will be issued and outstanding, and 34,328,750 Shares and 2,306,250 Warrants will be reserved for issuance upon completion of an initial public offering (the "Offering").

Listing of the Shares and Warrants will become effective at 5:01 p.m. on Tuesday, February 19, 2008 in anticipation of the Offering closing prior to the opening of business on Wednesday, February 20, 2008. The Shares and the Warrants, other than those which have not been distributed to the public, will be posted for trading at the opening of business on Wednesday, February 20, 2008.

The Shares and the Warrants will at all times be represented by global certificates issued in registered form to be held by CDS Clearing and Depository Services Inc. (“CDS”). Individual certificates will not be issued. Shares and Warrants must be purchased, transferred or sold directly through a participant in the CDS book entry system.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Additional information on the Shares and Warrants may be found in the Company’s prospectus dated February 11, 2008 (the “Prospectus”) which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.

Shares:
Stock Symbol: "DAV"
CUSIP: 238681 10 0
Trading Currency: CDN $

Warrants:
Stock Symbol: "DAV.WT"
CUSIP: 238681 11 8
Trading Currency: CDN $

Temporary Market Maker: Dundee Securities Corporation

Other Markets: None.

Head Office Address: 22 George-D. Davie Street
Levis, Québec G6V 8V5

Email Address: marketing@davie.ca

Website: www.davie.ca

Head Office Telephone Number: (418) 837-5841

Toll Free Number: 1-866-850-5841

Fax Number: (418) 835-1017

Investors Relations: Audun Røneid
Tel: + 47 67 200 300
Fax: + 47 67 200 302

Incorporation: The Company was incorporated under the Canada Business Corporations Act on September 12, 2006 under the name 4370422 Canada Inc. The Company changed its name on October 31, 2006 to Davie Quebec Inc., and subsequently changed its name on December 18, 2007 to Davie Yards Inc.

Fiscal Year End: December 31

Chief Financial Officer: Audun Røneid

Corporate Secretary:Gilles Gagné

Nature of Business: The Company operates the Davie Shipyard, the largest ship-building facility in Canada. The Company intends to build, convert and repair sophisticated ships and complex offshore vessels for commercial and governmental customers.

Transfer Agent & Registrar: Computershare Investor Services Inc., at its principal offices in Montréal and Toronto.

Dividends The Company does not intend to pay dividends in the foreseeable future.

Public Offering: Pursuant to the terms of the Prospectus, 30,750,000 units (the "Units") are being offered to the public at a price of $1.35 per Unit by Dundee Securities Corporation, as underwriter. Each Unit consists of one Share and one-half of one Warrant. In addition, the underwriter has been granted an over-allotment option to purchase up to 15% of the number of Units sold pursuant to the Offering. The Units will separate immediately on closing of the Offering.

Warrants: Each whole Warrant will entitle the holder to purchase one Share of the Company at a price of $2.00 per Share at any time before 5 p.m. (Montréal time) on February 20, 2010. The Warrants will be governed by the terms of a warrant indenture to be dated February 20, 2008 between the Company and Computershare Trust Company of Canada.