Canterbury Consulting Group, Inc.                           352 Stokes Road
                                                                  Suite 200
                                                 Medford, New Jersey  08055
                                        (609) 953-0044 * FAX (609) 953-0062



                        FOR IMMEDIATE RELEASE

             CANTERBURY SIGNS DEFINITIVE AGREEMENT
               TO GO PRIVATE AT $0.40 PER SHARE
              WILL FILE PRELIMINARY PROXY WITH SEC

Medford, NJ - November 22, 2004

Canterbury Consulting Group, Inc. (NASDAQ:CITI) stated today that its
Board of Directors and a Special Committee of the Board have approved
the execution of a definitive agreement to merge with a group of its
shareholders, including members of management, at $0.40 per share in
cash for all of the shares not owned by the buying group.  There are
approximately 3,000,000 shares of Canterbury stock on a fully diluted
basis.

The buying group had previously informed the Company that it owns or
has the right to acquire well in excess of fifty percent (50%) of
Canterbury's common stock and that it will be voting these shares in
favor of the merger to go private at $0.40 per share in cash at the
time of the shareholders' vote.  The transaction is subject to
numerous conditions, including the satisfaction of requirements of
corporate law and federal securities laws.

Canterbury has filed a Form 8-K with the Securities and Exchange
Commission relating to this event.  This filing may be accessed in its
entirety on the internet at www.sec.gov or by contacting the Company.

Canterbury intends to file with the SEC a proxy statement and other
relevant materials in connection with the merger.  The proxy statement
will be mailed to the shareholders of Canterbury.  Investors and
security holders of Canterbury are urged to read the proxy statement
and the other relevant materials when they become available before
making any voting decision with respect to the merger because these
filings will contain important information about Canterbury, the
buying group and the merger.

The proxy statement and other relevant materials (when they become
available), and any other documents filed by Canterbury with the SEC,
may be obtained free of charge at the SEC's Web site at www.sec.gov.
In addition, investors and security holders may obtain free copies of
the documents filed with the SEC by Canterbury by contacting Darcy
Teibel at 352 Stokes Road, Suite 200, Medford, NJ  08055 (609) 953-
0044.

*  *  *  *  *

This press release contains forward-looking statements. The Company's
performance and financial results could differ materially from those
reflected in the forward-looking statements due to general financial,
economic, regulatory and political conditions or additional factors
unknown to the Company at this time, as well as more specific risks
and uncertainties such as those set forth in documents filed by the
Company with the SEC (including its Annual Report on Form 10-K for the
year ended November 30, 2003 and its most recent reports on Form 8-K
and Form 10-Q, copies of which are available upon request or over the
Internet at www.sec.gov). Given these risks and uncertainties, any or
all of these forward-looking statements may prove to be incorrect.
Therefore, current or prospective investors are cautioned not to place
undue reliance on any such forward-looking statements. Furthermore,
the Company has no intent, and disclaims any obligation, to update any
such factors or forward-looking statements to reflect future events or
developments.


Darcy Teibel, Investor Relations
Canterbury Consulting Group, Inc.
609-953-0044