Elgrande.com, Inc. Appoints Senior Advisor, International Development.

Business Editors, Technology Writers

VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 11, 2001

Mr. Michael F. Holloran, President and CEO of Elgrande.com, Inc. (OTCBB:EGND), is pleased to announce that effective immediately Mr. Maldwyn Thomas has been appointed to the Advisory

Mr. Thomas has many years of hands on experience in the areas of foreign policy, international trade and market development. A former diplomat, he served in a variety of capacities including Minister, Economic and-Commercial, Consul General and Ambassador. Foreign postings have included Hamburg, Stockholm, Hong Kong, Moscow, Vienna, Tokyo, Paris, Duesseldorf and Jakarta. In addition to foreign postings, at various times Mr. Thomas had responsibility for managing trade relations with Europe, Latin America, Asia/Pacific, Africa and the Middle East. He also served as a Senior Advisor to the United Nations' International Trade Center, Geneva, Switzerland, with special responsibility for assisting developing countries in the management of their foreign trade services. Mr. Thomas was recently stationed in Brussels, Belgium, as Managing Director of the Pulp and Paper Information Center. He also acts on a consulting basis to the International Futures Program of the OECD, Paris, France.

A graduate of the University of British Columbia and the University of Oslo, Norway, Mr. Thomas is fluent in English, German, Norwegian and French. He also has knowledge of Swedish, Russian, Spanish, Japanese, Italian and Dutch.

Having lived for a number of years in the south of France, Mr. Thomas will have direct responsibility for the establishment of Elgrande's Gateway to France, likely to be located in the artisan rich region of Provence.

Commenting on the appointment, Mr. Paul Morford, Director of Operations of Elgrande.com, cited Mr. Thomas' demonstrated strengths in developing international business: "Bringing on board an individual of Maldwyn Thomas' international stature is an important development for our company. Maldwyn's impressive track record and his diversified list of achievements, particularly in the areas of international business development, will undoubtedly place the company in an ideal position to pursue the global market more aggressively and comprehensively. His knowledge of Europe and his long term residency in France, are important to our ongoing build out of our French gateway."

On behalf of the Board of Directors,

Michael F. Holloran, President and C.E.O.

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.