CALGARY, Alberta, Oct. 5, 2006 -- Securac Corp. ("Securac") (OTC Bulletin Board: SECU) an enterprise governance, risk assessment and compliance software and services vendor and provider of Acertus(TM), the leading integrated software platform for governance, risk and compliance, has released a white paper on Enterprise Risk Management for Basel II. The paper focuses on good Enterprise Risk Governance.

Successful, compliant and effective governance requires an holistic, enterprise-wide and top-down approach to managing all information including risk data. It is essential that a governance, risk management and compliance (GRC) framework be put together in such a way that management derives maximum benefits. Compliance on its own is not enough. The key requirement is that data must be integrated and that there be "one view" of any situation. This does not mean the construction of a single, complex repository of data with every risk, control or event having a many-to-many relationship with all other data elements. What is required is twofold: that data from lower level information and risk systems be collated upwards to create a repository of data for use by management; and that management sets its objectives and strategic risks and that these be used to govern the company and to set the tone, the high level criteria used to manage the lower level systems.

Securac's Acertus(TM) delivers this infrastructure and is providing organizations with this capability.

To request a copy of the Securac whitepaper on Enterprise Risk Management for Basel II, please email Securac at info@securac.net .

"Regulations come with masses of detailed requirements, but the underlying purpose is to have well governed, risk-controlled companies that provide shareholders and stakeholders with confidence in their executive management," states Terry Allen, Chief Executive Officer, Securac. "Lindsay Cox of Securac has captured the essence of key issues corporations are dealing with today and provides insight into areas of focus around the Basel II Accord."

About Securac

Securac is a vendor of corporate governance, risk assessment and compliance management software and services to corporate and public enterprises, consultants and regulated organizations. Acertus(TM), our integrated software platform for risk management and decision support, along with our professional services team of risk/governance experts and compliance specialists provide comprehensive governance, risk assessment and compliance programs from the boardroom to the operational level. Securac's principal office is located in Calgary, Alberta and it maintains a sales presence throughout North America.

Statements in this Press Release that are not statements of historical fact, including statements regarding potential market size, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risk and uncertainties which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such risks and uncertainties include but are not limited to changing market conditions, the successful and timely completion of financing, the establishment of corporate alliances, the impact of competitive products and pricing, new product development and uncertainties related to the regulatory environment. Reference is made to the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005 for a description of these, as well as other, risks and uncertainties.

    Terry W. Allen
    Chief Executive Officer
    Securac Corp.
    Tel: 403-225-0403
    tallen@securac.net