F1: Montreal-based Octane Group to Promote the F1 GP of Canada

Octane Racing Group Incorporated (Octane), of Montréal, is proud to announce that it has reached an agreement with Formula One Administration Limited and Formula One World Championship Limited (together the F1 Commercial Rights Holder) to act as promoter of the FORMULA 1 GRAND PRIX DU CANADA as a round of the FIA Formula One World Championship in each of the years 2010 to 2014. The 2010 FORMULA 1 GRAND PRIX DU CANADA will take place on June 11-13 at Montréal's Circuit Gilles Villeneuve.

"We are extremely proud and satisfied with the agreement reached last week with the F1 Commercial Rights Holder. I feel that both parties share an equal amount of trust and confidence that we will succeed with the return of Formula One to Montréal's summer events calendar", stated today Mr. François Dumontier, President of Octane. "Our intention is to maintain and enhance the tradition established in Montréal since 1978 by the previous promoters of the event. The FORMULA 1 GRAND PRIX DU CANADA has always been a world-class event and extremely popular among racing fans from Québec, Canada and abroad. The fact that Circuit Gilles Villeneuve is quite challenging to the teams and the drivers tends to produce a very exciting if not historically memorable event."

Mr. Bernie Ecclestone, CEO of the Formula One group stated today on behalf of FOA: "I am very satisfied with the agreement reached with Octane Racing Group to act as promoter of the FORMULA 1 GRAND PRIX DU CANADA. François Dumontier and his team have all the necessary knowledge to deliver a great event to the North American fans and make a success of the return to Montréal of the FIA Formula One World Championship."

In recent months, Octane has established itself as the most experienced team in Canada in motorsport event promotions. François Dumontier, President of Octane, has been involved at the highest level of the FORMULA 1 GRAND PRIX DU CANADA for much of the past 15 years and has gathered a team with a unique expertise to promote and organize such events.

Octane wishes to acknowledge the efforts of the Governments of Canada and Québec, the City of Montréal and Tourisme-Montréal and thank Mr. Ecclestone and the F1 Commercial Rights Holder for their confidence. "We especially see our agreement with the F1 Commercial Rights Holder as a great opportunity to demonstrate our capacity to be up to a great challenge, but also to help confirm the status of Montréal as one of the great venues for Formula 1 racing", also added François Dumontier.

Spectators who have attended the FORMULA 1 GRAND PRIX DU CANADA since 1978 have witnessed an impressive record of five first career wins by Formula 1 drivers starting with the inaugural race in 1978 with Gilles Villeneuve, then in 1989 with Thierry Boutsen, 1995 with Jean Alesi, 2007 with Lewis Hamilton and finally in 2008 with Robert Kubica.

Media information: For Octane Racing Group // Normand Prieur // 450 492-6963 / 514 836-6963 // nprieur@videotron.ca