Firan Technology Group Announces Organizational Changes

Toronto, June 3, 2005 – Firan Technology Group Corporation (TSX: FTG) announced today that Joseph Ricci, Vice-President of Finance for the Company, has been appointed Chief Financial Officer of the Corporation, replacing John Bartkiw who is leaving the Company today.

Joe joined FTG in July 2003 as Vice President of Finance, through the Company’s acquisition of the Firan Technology Group Inc. Prior to joining FTG, Joe spent 19 years at Spar Aerospace Limited in senior financial roles.

“I would like to thank John for all his contributions to the Company. Over the past six months Joe and John have worked closely to ensure a seamless transition of responsibilities. I wish John the very best in his future endeavours”, said Mr. Brad Bourne, President and CEO, Firan Technology Group Corporation.

In addition, the Company is pleased to announce the appointment of Kerry Scrase to the position of Director of Operations for FTG Aerospace. Kerry has over 17 years of operational and engineering experience with Boeing, Bombardier Aerospace and Messier Dowty.

In addition to being a professional engineer, Kerry has an MBA and a Masters Degree in Aerospace Studies from the University of Toronto.

“We are excited about Kerry joining the Aerospace team. Kerry”s hiring should accelerate our penetration into higher value add assembly opportunities”, stated Mr. Bourne.

ABOUT FIRAN TECHNOLOGY GROUP CORPORATION

FTG is an aerospace and defence electronics product and subsystem supplier to the North American marketplace. FTG has two operating units.

FTG Circuits is a manufacturer of high technology/high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries.

FTG Aerospace manufactures illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of avionics products as well as airframe manufacturers.
The Company’s shares are traded on the Toronto Stock Exchange under the symbol FTG.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of FTG with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

For further information please contact:

Bradley C. Bourne, President and CEO Tel: (416) 299-4000 x314
Firan Technology Group Corporation bradbourne@firantechnology.com

Joseph Ricci, CFO Tel: (416) 299-4000 x309
Firan Technology Group Corporation joericci@firantechnology.com