Leisure Canada Inc.

Address:	213 West 1st Street North Vancouver, B.C. Canada V7M 1B3
Tel No.:	(604) 990-9599
Fax No.:	(604) 990-9584
Toll Free No.:	1-888-600-8687
Web Site:	www.leisurecanada.com
Email:	jjjennex@leisurecanada.com
Contact Person:	JJ Jennex
Position:	Investor Relations Officer

Company Data

Traded Market:	CDNX
Traded Symbol:	LCN
Outstanding Shares:	33,455,339
Public Float:	14 million
52 Week High:	$ 1.70
52 Week Low:	$ 0.55
Present Price:	$0.76 (2001/07/27)

INTRODUCTION

Leisure Canada Inc. is the leading developer of luxury resorts in Cuba, with multiple properties currently under development, including five-star hotels, championship golf courses and timeshare.

KNOW ABOUT CUBA

Cuba's population is 11 million, making it the largest island nation in the Caribbean. Cuba's diverse geographic regions, offering more than 300 beach areas, mountains, rain forests and deserts, generate tremendous tourism appeal. While the range of tourism attractions includes an extensive supply of sun, sea, and sand, there are also unrivaled, world-class diving, sport fishing, and cultural attractions. These factors will continue the dynamic growth of Cuban tourism for years to come - only 90 miles from the coast of the United States.

Cuba is experiencing an economic boom despite U.S. restrictions. Tourism is the fastest growing sector, with a 20% growth rate for the past decade. Results of an independent PriceWaterhouseCoopers study stated that six million Americans would visit Cuba in the first year following the lifting of the embargo. Presently, more than 340 foreign companies operate joint ventures with the Cuban government.

PEOJECT IN HAND

Jibacoa - Leisure Canada's site spans 5.5 square kilometers of oceanfront property, which is located 65 kilometers east of Havana. The site is being developed as the first high-end destination resort in Cuba, and it will host six luxury hotels, two PGA championship golf courses, and timeshare villas.

Cayo Largo - This small limestone quay, located 50 kilometers south of the main island of Cuba, possesses the most spectacular white sand beaches in all of the Caribbean. Cayo Largo is also rated as one of the world's best diving sites. Leisure Canada's project will involve the construction of 900 rooms, and a central pedestrian village that will offer retail and amenity experiences currently not offered on the island. Because of an environmental building cap, Leisure Canada's development will be the last such development on Cayo Largo.

Monte Barreto - Located on the last significant piece of oceanfront property in Havana's business and trade district, Leisure Canada's Monte Barreto project will capitalize on increasing business travel to Cuba. The site is equivalent to two city blocks, adjacent to Havana's new world-class aquarium, and across from Cuba's new trade & convention center, both of which are currently under construction.

STRATEGIC PARTNERS

PGA Golf Management - Leisure Canada has the exclusive rights to the PGA brand in Cuba.

Le Meridien Hotels & Resorts - One of the most successful hotel operators in Europe, Le Meridien will design and manage three hotels in the first phase at Jibacoa.

SNC-Lavalin - One of the largest engineering and construction firms will provide engineering and design work expertise, as well as access to financing.

MANAGEMENT

Walter H. Berukoff, Chairman and Chief Executive Officer
Mr. Berukoff is an entrepreneur who has an extensive background in hotel management, real estate development and financing.

Peter D. McLeod, President, and Chief Operating Officer
Throughout his career, Mr. McLeod has been responsible for the development of over 30 hotels, including nine in Cuba for Delta Hotels Ltd.

Marcelo Montenegro, President of Wilton Properties Limited
Mr. Montenegro, one of the most knowledgeable and experienced hotel managers in Cuba today, is President of Wilton Properties, Leisure Canada's operating subsidiary in Cuba.

BOARD OF DIRECTORS

Michael M. Lambert, Principle of Michael Lambert & Associates, and past President Four Seasons Hotels & Resorts, International Division.

Kenneth D. Taylor, Chairman of Global Public Affairs Inc.

Simon F. Cooper, President of Ritz-Carlton Hotels, a subsidiary of Marriott International Inc., and Past President of Marriott Lodging Canada.

Peter J.A. deVisser, Partner of de Visser & Company, Chartered Accountants.

Franklin L. Davis, Partner of Donahue Ernst & Young, LLP.

Walter H. Berukoff , Chairman and CEO, Leisure Canada Inc.

Peter D. McLeod, President and COO, Leisure Canada Inc.

Graeme Lempriere, President Showcase Presentation Group

NEWS UPDATE

On July 11, 2001, Leisure Canada Inc. (LCI) announced the appointment of Mr. W. David Oliver to its board of directors effective as of the date of the Company's last AGM held on June 19, 2001.

LCI has also announced the establishment of an Advisory Board. The Advisory Board will be comprised of individuals whose collective experience and expertise will support the development of LCI's Cuban hotel resort projects. Members of the Advisory Board will have expertise in corporate finance, the development, management and operations of hotels and resorts, timeshares and strata titles, golf course development and experience with international tourism in the international tourism market.

On June 21, 2001, Leisure Canada Inc. (LCI) clarified the comprehensive services agreement between LCI and SNC-Lavalin for the provision of professional project development services at LCI's four and five star resort hotel projects in Cuba which was announced on June 08, 2001.

Under the terms and conditions of the Services Agreement, SNC will lend conceptual expertise, including assistance in the development of the financial plan and funding structure for the development phase of LCI's Jibacoa, Monte Barreto and Cayo Largo projects. Assuming LCI and SNC are satisfied with the results of the development phase, SNC and LCI will commence negotiations of a turnkey construction contract, subject to approval by both companies, for each hotel development project.