CDN

CANADREAM CORPORATION (TSX VENTURE:CDN) ("CanaDream" or "the Company") announces
today that it will purchase at market price up to 980,983 common shares being
approximately 5% of the issued and outstanding common shares, by way of a normal
course issuer bid through the facilities of the TSX Venture Exchange. The bid is
subject to regulatory approval. The bid will commence November 2, 2012 and will
stay open for 12 months. CanaDream has engaged AltaCorp Capital Inc.
("AltaCorp") to act on the Company's behalf to make purchases pursuant to the
NCIB.


In connection with the NCIB, CanaDream has entered into an automatic share
repurchase plan (the "Plan") with AltaCorp in order to facilitate purchases of
Common Shares. Under the Plan, AltaCorp may purchase Common Shares on
CanaDream's behalf under the NCIB at times when CanaDream would ordinarily not
be permitted to purchase shares due to self-imposed blackout periods or
otherwise. The Plan will be implemented as of November 2, 2012, and purchases
will be made by AltaCorp based upon the parameters prescribed by the Exchange,
applicable laws and the terms and conditions of the Plan, until such time as the
Plan is terminated at the option of CanaDream. 


The reason for the bid is that, in the opinion of the board of directors, the
value of CanaDream Corporation, based on anticipated cash flows and underlying
asset values, is greater than the present aggregate market price of the common
shares and accordingly, the acquisition of common shares under the bid
represents a worthwhile investment and appropriate use of funds.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CanaDream Corporation
Brian Gronberg
President
(403) 291-1000

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