X0202 4 2005-08-12 1 0001230622 CAPITAL RESERVE CANADA LTD crsvf 0001336337 BAKER JAMES WOODROW 2440,10303 JASPER AVENUE EDMONTON A0 T5J 3N6 ALBERTA, CANADA 1 0 1 0 Mr.James Baker has resigned as CEO and Director of Capital Reserve Canada Ltd. (CRSVF). His resignation is effective as of December 28th, 2006. Mr. Baker is no longer a Director, Officer or an Affiliate of Capital Reserve Canada Ltd. (CRSVF) and is not and will not be required to submit any further filings. Securities 4,000,000 benefically owned by Projex Corporation, of which Mr. Baker is President of, these amounts have stayed the same. James Baker 2006-12-28