MPAC Industries Corporation
TSX VENTURE : MPN

MPAC Industries Corporation

December 06, 2007 11:38 ET

MPAC Industries Corporation: Corporate Update and Project Status at Soma Site

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 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 leased site (the "Leased Site").

Two Company executives have recently attended the Leased Site and have now returned to Canada.

The Company is satisfied with the progress at the Leased Site despite the unusual adverse weather conditions in Western Turkey that have set the plant production testing approximately two (2) to three (3) weeks behind our original schedule. During the latter part of November, at least ten (10) centimeters of rain fell at the site causing some flooding of the excavations, and slowed down the progress of forming and pouring concrete. Overnight temperatures were just above freezing and daytime highs were very low for this part of Western Turkey. To mitigate these events, other sections of the Leased Site were worked on while the excavations were pumped out and allowed to dry.

As of November 27, 2007 when the Company executives left the Leased Site, the major pieces of equipment had all been placed upon their respective foundations and about one-half of the required conveyor system had been installed. The municipal government approval for the required electrical upgrade had been received, and the transformer had been purchased and delivered to the site. The existing water well at the Leased Site was augmented with an additional well that was drilled in November. This new well was flushed and flow-tested prior to the end of November. These two wells are expected to provide all of the fresh water supply required for the coal refining plant, along with the four (4) large water tanks that were recently purchased for water storage.

On-site Turkish management personnel telephoned the Company on November 29, 2007 to say that the balance of the conveyor system had been successfully installed. The final portions of the concrete foundations had also been poured by that date.

The access road on the Leased Site was leveled and filled with several layers of rock and gravel. The electrical contractor is to install the transformer and run all of the wiring for the Leased Site over the next week. There is an extensive control system contained within a remote control booth for the crushing circuit, which will be wired as well. Employees of the manufacturer of the crushing circuit have been in attendance at the Leased Site during the last half of November, and will continue to work into December to ensure the crushing circuit is ready for final sign-over as agreed to in the "turn-key" contract.

The Company has placed several pictures on the corporate website homepage showing some of the equipment that has been installed at the Lease Site.

One or more of the Company's executives and/or the Company's Canadian contractor are scheduled to attend the Leased Site in the third week of December, and remain there until the entire plant has been inspected, tested, and the initial run-up of all components has been completed. During the same time frame, the first production quantities of clean coal are anticipated to be produced from the Leased Site, tested for their enhanced calorific value, and delivered to the mine owner in accordance with the Coal Refining Agreement.

BY THE ORDER OF THE BOARD

Firoz Lakhani, President & CEO

The TSX Venture Exchange neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • MPAC Industries Corporation
    J. Richard W. Hall
    Investor Relations
    (604) 644-2244
    Website: www.mpacindustries.com