Westlake Canyon Partners, Inc. Announces the Purchase of a Controlling Interest in MorNorth...

WESTLAKE VILLAGE, Calif. -- Westlake Canyon Partners, Inc. a Nevada corporation, announces that it has acquired a controlling interest in MorNorth Mortgage Holdings, Inc. (Other OTC:MNMH.PK), a New Mexico corporation.

In a purchase agreement dated June 19, 2005, Westlake Canyon Partners,

Inc. entered into a definitive agreement to purchase ninety percent (90%) of the issued and outstanding common stock of MorNorth Mortgage Holdings, Inc. from Spencer-Clark, Inc., a Nevada Corporation. The transaction is subject to a due diligence review and is expected to fully close in the next 30 days.

Westlake Canyon Partners, Inc. is the US holding company for DIS Co., Ltd. ("DIS"), a Japanese corporation headquartered in Tokyo. DIS is an incubator company that supports the most promising Japanese venture companies. DIS has established an infrastructure that will enable it to become the largest and most successful incubation company in Japan. DIS plans to take over 20 Japanese companies public on the US Pink Sheets market in its first year of operation.

Forward-looking statements made in this release are made pursuant to the "safe harbor" provisions of the Private Securities Reform Act of 1995. Forward-looking statements are not a guarantee of future performance.