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                                 HOLLINGER INC.

                              RECEIVER APPOINTED TO
                      THE RAVELSTON CORPORATION LIMITED AND
                            RAVELSTON MANAGEMENT INC.

         Toronto, Ontario, Canada, April 22, 2005 - Hollinger Inc. ("Hollinger")
(TSX: HLG.C; HLG.PR.B) announced today that The Ravelston Corporation Limited
("Ravelston") and Ravelston Management Inc. ("RMI") have obtained an order of
the Ontario Superior Court of Justice appointing RSM Richter Inc. as receiver of
all of their assets (except for certain shares held directly or indirectly by
them, including shares of Hollinger and RMI). The order also provides, among
other things, that until May 20, 2005 or such later date as the Court may order,
no proceeding or enforcement process in any court or tribunal is to be commenced
or continued against or in respect of either or both of Ravelston and RMI and
any such proceedings currently under way (including Hollinger's lawsuit
announced on March 29, 2005 as it pertains to Ravelston and RMI) are stayed
pending further order of the Court.

         As a result of the commencement of such proceedings by RMI, an Event of
Default has occurred under terms of the indentures (the "Indentures") governing
Hollinger's US$78 million principal amount of 11.875% Senior Secured Notes due
2011 and US$15 million 11.875% Second Priority Secured Notes due 2011. RMI is a
guarantor of Hollinger's Notes. With respect to both the Senior Secured Notes
and the Second Priority Notes, the relevant trustee under the Indenture or the
holders of at least 25 percent of the outstanding principal amount of the
relevant Notes have the right to accelerate the maturity of the Notes.

         Until the Event of Default is remedied or a waiver is provided by
holders of the Notes, the terms of the Indentures will prevent Hollinger from
honouring retractions of its Series II Preference Shares. Accordingly, Hollinger
has concluded that it is not able to complete retractions of any Series II
Preference Shares submitted after April 19, 2005 without unduly impairing its
liquidity. Therefore, retractions of Hollinger's outstanding Series II
Preference Shares submitted after such date are suspended until further notice.
Retraction of any shares which are not withdrawn will be completed if and when
Hollinger's liquidity position permits. Pending completion of retractions,
holders do not become creditors of Hollinger but remain as shareholders. Holders
may exercise their right to withdraw their retraction notices at any time. In
order to exercise the withdrawal right, holders should contact the Computershare
Call Centre - Shareholder Services at 1 (800) 564-6253.

Company Background

         Hollinger's principal asset is its interest in Hollinger International
Inc. which is a newspaper publisher, the assets of which include the Chicago
Sun-Times, a large number of community newspapers in the Chicago area and a
portfolio of news media investments. Hollinger also owns a portfolio of
revenue-producing and other commercial real estate in Canada, including its head
office building located at 10 Toronto Street, Toronto, Ontario.


Media contact:
Larry Parnell
Hill & Knowlton
416-413-4623
larry.parnell@hillandknowlton.ca

                              www.hollingerinc.com