CORRECTING and REPLACING Corgi International Limited Formally Ceases Operations

HONG KONG--(BUSINESS WIRE)--Correcting Contact Information - Master Replicas Inc., Michael Cookson, [phone] (sted Cohn & Wolfe, Melissa Schumer, 310-967-2900)

The corrected release reads:

CORGI INTERNATIONAL LIMITED FORMALLY CEASES OPERATIONS

Corgi International Limited (OTC:CRGIY) (the “Company”) announces they have formally ceased operations. The company was placed into Receivership by their secured lender on July 3, 2009. In addition, Corgi International Limited’s subsidiary Master Replicas Inc. has also been placed into receivership by the secured lender.

About Corgi International Limited:

The Company was formerly headquartered in Hong Kong, with operations in Walnut Creek, California, USA.

“Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release may be forward looking. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, without limitation, changes in market demand for Corgi International products, changes in economic conditions, dependence on certain customers and licensing partners, and other risks described in the Company's annual report on Form 20-F for the fiscal year ended March 31, 2008. The Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Information on the Company can be obtained from Michael Cookson at Master Replicas Inc. Phone number is [phone].