MPAC Industries Corporation
TSX VENTURE : MPN

MPAC Industries Corporation

November 05, 2007 10:35 ET

MPAC Industries Corp.: Corporate Update and Project Status at Soma Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2007) - MPAC Industries Corp. (the "Company" or "MPAC") (TSX VENTURE:MPN) is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine (the "Coal Mine").

The required improvements to the leased site ("Leased Site") in Soma have now been substantially completed to the satisfaction of the Company. These improvements were performed "on time and on budget".

The trucks transporting the various pieces of plant equipment continue to arrive in Soma, with the last of these expected at the Leased Site during this week. The coal-crushing component of the plant has been acquired by way of an all-inclusive "turnkey" purchase agreement whereby the supplier/manufacturer assumes the responsibility for all of the set-up, commissioning, testing, and required staff training for this specialized circuit prior to MPAC taking title and prior to MPAC making the final progress payment. The sign-over of the crushing circuit is scheduled for the week of November 12, 2007 or shortly thereafter.

All of the coal refining equipment is scheduled to be set-up and installed in Soma over the course of the next ten (10) days including the required water and electrical hook-ups.

Travel arrangements have been finalized for two (2) of the senior management of the Company to attend the Soma Leased Site to complete the commissioning and the initial testing of the entire coal refining plant (the "Plant"). Arrangements for an operational consultant from Canada to be on travel stand-by have also been made allowing management to perform the final commissioning and initial testing while engaging the consultant on an "as required" basis.

According to the Company's Start Up Business Plan, full commercial production at the Leased Site continues to be expected to ramp-up from late November of 2007, attaining targeted minimum daily and monthly tonnages by the end of December of 2007 or soon thereafter.

MPAC also wishes to advise that further to the News Release of July 3, 2007, the Company has successfully completed all of the filings relating to the transfer of all of the previous value-added tax ("VAT") exemptions and other concessions from Tokat/Zile to Soma. The official approval of this transfer is expected shortly.

This news release contains forward-looking statements, which are based on MPAC Industries' current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. The forward-looking statements are not guarantees of future performances and undue reliance should not be placed on them. Actual results may differ materially as a result of any number of factors and uncertainties, many of which factors are beyond the Company's control.

BY THE ORDER OF THE BOARD

Firoz Lakhani, President & CEO

The TSX Venture Exchange neither approved nor disapproved the contents of this news release.

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