Stockgroup Announces ‘Bought Deal’ Financing

Toronto - 16 April 2007

Stockgroup Information Systems Inc. (OTCBB: SWEB, TSX.V: SWB), (“Stockgroup”), today announced that it has entered into a financing agreement with an underwriting led by Jennings Capital Inc. and including Cormark Securities Inc. (the "Underwriters"), to issue, on a ‘bought deal’ basis, 3,333,334 common shares at C$1.50 (US$1.32) per share for total gross proceeds of C$5.0 million (US$4.4 million).

“We are pleased to have the support and confidence of the institutional community by signing a bought deal where the underwriters assume the sale,” stated Marcus New, President and CEO of Stockgroup. “The proceeds of the offering will be used for acquisitions and general working capital.”

The financing is scheduled to close on or about May 15, 2007 and is subject to regulatory approval and completion of definitive documentation. The common shares will be subject to a 4 month hold period in Canada. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to persons in the United States unless registered or an exemption from such registration is available. Underwriter fees of 6% of gross proceeds and agents’ warrants equal to 6% of common shares issued, entitling the agent to acquire one common share at a price of $1.50 per share at any time before 12 months of the closing date are payable at completion.

Completion of the financing is subject to TSX Venture Exchange approval and normal bought deal conditions to close.

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