TORONTO, ONTARIO--(Marketwire - Oct. 14, 2011) - Leisure Canada Inc. (TSX VENTURE:LCN) Leisure Canada Inc. (the "Company") is pleased to announce that, further to its news releases dated June 28, 2011 and August 31, 2011, following receipt of the necessary regulatory and minority shareholder approvals, it has completed its acquisition of all of the shares of 360 VOX Inc. from companies controlled by the Company's President and Chief Executive Officer, Robin Conners, and Chief Financial Officer and Corporate Secretary, Colin Yee, and Robert Jerome and Guy Chartier, pursuant to the terms of its previously announced share purchase agreement with respect to the acquisition of such shares.

The full text of the Share Purchase Agreement is available on SEDAR at [ www.sedar.com ] and may be obtained upon request to the Company.

On Behalf of the Board of Directors

Robin Conners, President and CEO

About Leisure Canada Inc.

Leisure Canada Inc. is a publicly traded company, incorporated under the laws of Ontario and listed on the TSX Venture Exchange under the symbol "LCN". The Company is engaged in the business of developing hotel, resort and commercial properties in Cuba through its wholly owned subsidiary, Wilton Properties Ltd. ("Wilton"), in joint venture with Grupo Hotelero Gran Caribe S.A. ("Gran Caribe"), an agency of the Cuban government. For further information on the Company please visit our website at [ www.leisurecanada.com ].

This news release may contain forward-looking statements and information within the meaning of applicable securities legislation. These forward-looking statements reflect management's current expectations, estimates, projections, beliefs and assumptions that were made using information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "forecast", "outlook", "potential", "continue", "should", "likely" or the negative of these terms or other comparable terminology. Although management believes that the anticipated future results, performance or achievements expressed or implied by the forwardlooking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve assumptions, known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information.