Tally-Ho Ventures Terminates $2.2
              Million Securities Purchase Agreement with Mercatus


    LUXEMBOURG--(BUSINESS WIRE)--April 9, 2007--Tally-Ho Ventures,
Inc., (OTCBB: TLYH), an international wealth management firm, today
announced that it has terminated its Securities Purchase Agreement
dated October 13, 2006 ("the Agreement") with Mercatus & Partners,
Ltd. (M&P) due to M&P's failure to comply with its funding obligation.
As a consequence, the Company demanded the return of 1,571,428 shares
("the Shares") of the Company's common stock, previously delivered and
held in escrow pending the closing of the $2.2 million equity
financing by M&P in accordance with the terms of the Agreement. As of
the date hereof, the Shares have not been returned to the Company. The
Agreement does not contemplate termination penalty or any other
similar provisions.

    In other news, Tally-Ho reported that its newly appointed
independent audit firm is in the process of completing its review of
the Company's 2006 year-end results, and expects to file its Form
10-KSB with the U.S. Securities and Exchange Commission on or before
April 17, 2007.

    About Tally-Ho Ventures, Inc.

    Incorporated in the State of Delaware, and headquartered in the
Grand Duchy of Luxembourg, Tally-Ho Ventures, Inc. is currently
executing a business strategy designed to position the Company as the
premier provider of highly personalized private wealth advisory and
investment management services to mid- and high net worth individuals
and families across Europe. Since early 2006, Tally-Ho has completed
the acquisition and integration of three financial services companies
based in Europe, amassing financial assets of approximately 22,000
mid- and high-net worth investors in 50 countries, collectively
representing over $2.25 billion in assets under management.

    Forward-Looking Statements

    This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Act of 1934 that are based upon current expectations
or beliefs, as well as a number of assumptions about future events.
Although the Company believes that the expectations reflected in the
forward-looking statements and the assumptions upon which they are
based are reasonable, it can give no assurance that such expectations
and assumptions will prove to have been correct. The reader is
cautioned not to put undue reliance on these forward-looking
statements, as these statements are subject to numerous factors and
uncertainties, including without limitation, the independent authority
of the special committee to act on the matters discussed, the
successful negotiation of the acquisition and disposal of transactions
described above, successful implementation of the company's business
strategy and competition, any of which may cause actual results to
differ materially from those described in the statements. In addition,
other factors that could cause actual results to differ materially are
discussed in the Company's most recent Form 10-QSB and Form 10-KSB
filings with the Securities and Exchange Commission.



    CONTACT: Tally-Ho Ventures, Inc.
             Nigel Gregg, 305-421-6371
             Chief Executive Officer
             or
             The Wall Street Group, Inc.
             Ron Stabiner, 212-888-4848