Wall Financial Corporation - News Release

    VANCOUVER, June 12 /CNW/ - Wall Financial Corporation (the "Company") released today its operating results and financial statements for the first quarter ended April 30, 2007 and 2006. The Company recorded net earnings of $4,440,914 or $0.14 per share and earnings before interest, income tax and depreciation and amortization (EBITDA) and non-controlling interest of $12,396,315. Earnings were significantly higher for the three months ended April 30, 2007 due to the sale of properties under development which included condominium unit sales at Ten Ten Howe Street and Yaletown Park (Towers I and II) and lot sales at Eagle Mountain. Hotel revenues for the quarter increased $864,998 or 8% compared to the same quarter in April 2006.      <<                                               April 30, 2007  April 30, 2006                                               --------------  --------------      Net earnings per share                             $0.14           $0.04     Net earnings                                  $4,440,914      $1,319,495     Revenue & Other Income                       $57,244,239     $15,111,703      Total Assets                                $379,199,227    $455,976,077     >>      The above financial information is expressed in Canadian dollars and is prepared in accordance with Canadian generally accepted accounting principles, using the same accounting policies and methods of application as described in note 2 of the Company's audited consolidated financial statements for the years ended January 31, 2007 and 2006.      Wall Financial Corporation is a B.C. based real estate company active in the development and management of residential rental apartments, development and construction of residential housing for resale, and the development and management of hotel properties.      The Toronto Stock Exchange does not accept responsibility for the adequacy and accuracy of this release. The Toronto Stock Exchange has neither approved nor disapproved of the contents of this release.      The TSX has not reviewed and does not accept responsibility for the     adequacy or accuracy of this release.      %SEDAR: 00002080E   

For further information: Bruno Wall, President, WALL FINANCIAL CORPORATION (TSX:WFC), 3502 - 1088 Burrard Street, Vancouver, British Columbia, V6Z 2R9, (604) 893-7131