DoveCorp Announces Closings of Further Tranches of Private Placement

DoveCorp Enterprises Inc. (TSX VENTURE: DOV) ("DoveCorp") is pleased to announce that as part of the $2,000,000 private placement announced March 2, 2007 (subsequently increased to $2,250,000) it has completed two further private placements of 1,625,000, 3,098,750 and 250,000 units ("Units") on May 25, 2007, May 30, 2007 and June 1, 2007 respectively, at a price of $0.16 per Unit for gross proceeds of an aggregate amount of $795,800 (the "Offering"). Each Unit consists of one common share ("Common Share") of DoveCorp and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant") of DoveCorp. Each Warrant entitles the holder thereof to acquire a further Common Share at an exercise price of $0.20 per share for a period of 24 months from the respective closing date. The Warrants are subject to accelerated expiry provisions such that if at any time after 4 months from closing DoveCorp's shares trade on the TSX Venture Exchange at or above a weighted average trading price of $0.40 per share for 20 consecutive trading days, DoveCorp may give notice in writing and by news release to Warrant holders that the Warrants will expire 30 days from the date of providing such notice.

The Units are subject to a four-month hold period expiring on September 26, 2007, October 1, 2007 and October 2, 2007, respectively. Weslosky & Cowans Ltd. ("WESCOW"), along with sub-agents West Oak Capital Partners Inc. and Magna Partners Inc., received an aggregate cash commission of $42,864 and 267,900 compensation options exercisable into 267,900 Units of DoveCorp at $0.16 per Unit. Pro-edge Consultants Inc. a wholly owned subsidiary of WESCOW has been retained by DoveCorp to provide investor relation services to DoveCorp. Consequently, WESCOW is considered a "connected issuer" of DoveCorp under applicable securities laws.

About DoveCorp:

DoveCorp is a leader in Canada's dry-cleaning and laundry industry, with the only ISO 9001 dry cleaning registration in the world. For more than 10 years, its flagship Dove Cleaners division has been widely recognized by various fashion and industry magazines as among the best premium dry cleaning and laundry services in Canada. At the same time, its Dove Depot, Meena Cleaners, and Natural Cleaners divisions excel in the mass market. DoveCorp's acquisition of Cadet Cleaners, a leader in the Greater Toronto Area for 50 years, brought the number of DoveCorp's retail locations to 98 in early 2006, making it Canada's largest and fastest-growing company in the industry. In addition, Dove Cleaners Commercial is a full-service provider of linen, uniforms, and mat rentals. The company also provides out-sourced dry cleaning and laundry services.

Forward-looking statements

This document contains forward-looking statements relating to DoveCorp's financial performance, operations or to the environment in which it operates, which are based on DoveCorp's operations, estimates, forecasts, and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the company's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the company's corporate filings, (posted at www.sedar.com ). Consequently, readers should not rely on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, DoveCorp cannot be certain that actual results will be consistent with these forward-looking statements, and the company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

DOVECORP ENTERPRISES INC. 35 SUNTRACT ROAD TORONTO, ON M9N 2V8

This press release shall not constitute an offer to sell of the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this release. The TSX Venture Exchange has in no way passed on the merits of the transaction described herein.

Contacts: DoveCorp Enterprises Inc. Sam Mizrahi President and CEO (416) 782-8788 x 223 Email: sam@dovecorp.com