Macro Enterprises Inc.
TSX VENTURE : MCR

Macro Enterprises Inc.

January 30, 2007 17:00 ET

Macro Enterprises Inc.: Satisfaction of Escrow Release Conditions in Subscription Receipt Private Placement Offering

CALGARY, ALBERTA--(CCNMatthews - Jan. 30, 2007) - Macro Enterprises Inc. (TSX VENTURE:MCR) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Macro Enterprises Inc. (the "Company") is pleased to announce that the escrow release conditions relating to its previously announced private placement offering of 6,500 subscription receipts (the "Subscription Receipts") at a price of $1,000 each have been satisfied and the Subscription Receipts have been deemed to be exercised. On such deemed exercise, each registered holder of Subscription Receipts (for no additional consideration or further action) was issued one Class A Preference Share of the Company for each Subscription Receipt held.

Approximately $6,518,513, representing the gross proceeds of the Offering and interest thereon, was released from escrow and delivered to the Company. These funds are expected to be used to fund equipment and other capital expenditures (including acquisitions) and for general corporate purposes.

Forward-Looking Statements

Certain statements in this news release may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to pipeline and facilities construction and maintenance services associated with the oil and gas industry and the domestic and worldwide supplies and commodity prices of oil and gas. These risks and uncertainties may cause results to differ from information contained herein. There can be no assurance that such forward-looking statements will prove to be accurate. Further information regarding the risks and uncertainties affecting the Company are described in its "Management Discussion and Analysis" dated November 24, 2006 under "Risks and Uncertainties" which is available at www.sedar.com.

This press release does not constitute an offer to sell securities or the solicitation of an offer to buy securities in the United States. The Company's securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such laws.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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