Conporec Inc.

Conporec Inc.

February 02, 2006 16:58 ET

Conporec issues shares in favour of Desjardins and Investissement Québec

SOREL-TRACY, Feb. 2 - M. Jean Beaudoin, President and CEO of
Conporec Inc. (TSX VENTURE:CNP) Today announces that in line with the financing of $1.8M granted
to Conporec by Mouvement Desjardins and Investissement Québec, the Company
issued 694,467 new common shares for their benefit on January 26th 2006. This
new issue is part of the financing agreement and is linked to the first loan
instalment of $1,388,933. In accordance with the respective lenders'
participation, Desjardins receives 510,279 shares and Investissement Québec

About Conporec

Conporec Inc. treats and reclaims solid waste through various patented
composting and sorting-composting processes. Those processes can reduce land
filling by treating 100% of organic content, thus contributing to reclaim up
to 75% and to reduce greenhouse gas releases. The Company operates a plant in
Sorel-Tracy and recently inaugurated its second plant (New York State, US). A
third plant is currently under construction in France (suburban Paris).
Through Biomax Inc. a Conporec subsidiary, the Company has also delivered some
thirty composting facilities having the capacity to produce more than
300 000 tons of compost annually. Conporec Inc. is a socially responsible
organisation listed on the TSX Venture Exchange.

The statements in this release and oral statements made by
representatives of Conporec inc. relating to matters that are not historical
facts (including, without limitation, those regarding the timing or outcome of
any financing undertaken by Conporec) are forward-looking statements that
involve certain risks, uncertainties and hypotheses, including, but not
limited to, general business and economic conditions, the condition of the
financial markets, the ability of Conporec to obtain financing on favourable
terms and other risks and uncertainties.

Contact Information

  • Jean Beaudoin, President and CEO,
    (450) 449-9949; Source: Conporec Inc.,