Conporec Inc.
TSX VENTURE : CNP
TSX CROISSANCE : CNP

Conporec Inc.

November 08, 2006 11:48 ET

Major international breakthrough for Conporec in Australia

SOREL-TRACY, QC, Nov. 8 - Conporec Inc. ("Conporec" or the
"Company") (TSX VENTURE:CNP) announces today that it has signed, via the BioVision
2020 Pty Limited ("BioVision 2020") consortium, a contract for the financing,
construction and operation of a 100,000 ton/year sorting composting facility
with the Mindarie Regional Council ("MRC") in Australia. The twenty-year
contract involves an investment of approximately CAN$70M that will generate
annual revenues of CAN9M$, for a total revenues of more than CAN$180M over the
duration of the contract. The contract will come into effect upon financial
close, which is scheduled to occur in December 2006.

BioVision 2020, a consortium created for this project, includes partners
Macquarie Bank Limited (70%), WorleyParsons Services Pty Limited (15%) and
Conporec Pty Limited (15%), the australian Conporec' subsidiary. After its
construction, BioVision 2020 and the MRC will benefit from one of the world's
most advanced municipal waste recovery facility. Exclusively based on
Conporec's patented technology, the facility will apply the latest processes
developed by the Company. Conporec is responsible for the design and supply of
the process. For its services and royalties, Conporec will receive engeeniring
revenues, royalties and 15% of the annual net results of the consortium after
the construction phase.

"Once again, the technology developed by Conporec shows its superiority
both in terms of environmental approach and technical and economic efficiency"
stated Mr. Jean Beaudoin, President and Chief Executive Officer of Conporec.
He added "With its three plants in Sorel-Tracy, in France (under construction
in Tournan-en-Brie) and in the United States (Delaware County, delivered in
September 2005), Conporec demonstrates, more than ever, its capacity to expand
its technology and its know-how on international markets and to negotiate
strategic and commercial agreements with world-renowned partners".

The award of this contract to BioVision 2020 is the result of an
international request for tenders initiated by the MRC in the Fall 2005. Out
of approximately fifteen pre-qualified consortia, three were selected for
technical evaluation. To complete this evaluation, an Australian delegation
visited facilities throughout the world, including Conporec's plants in Quebec
(Sorel-Tracy) and in the United States (Delaware County). Following these
visits during which they could confirm the performance of odour control
systems and the quality of the compost produced, the MRC awarded the contract
to Conporec's consortium. Construction is scheduled to start in early 2007 and
the new facility should open in 2008.

About BioVision 2020

With its partners Conporec, Macquarie Bank (www.macquarie.com) and
WorleyParsons (www.worleyparsons.com), BioVision 2020 aims at designing the
most efficient municipal waste recovery facility. This plant will showcase
Conporec's technology in this part of the world and will demonstrate the
effectiveness and the superior environmental efficiency of the sorting
composting approach developed by Conporec.

About Conporec

Conporec treats and recycles municipal solid waste through patented
composting and sorting-composting technologies. These processes reduce the
need for landfilling by treating the organic content contained in solid waste,
thus reusing and recycling up to 75% of the original waste mass. In addition,
these technologies help to reduce greenhouse gases typically produced in
landfills. Conporec has successfully operated a plant in Sorel-Tracy, Quebec
and recently delivered its second facility in New York State (United States).
A third facility is currently under construction in France near Paris. Through
Biomax Inc., Conporec has also delivered thirty different composting
facilities that have the capacity to produce more than 300,000 tons of compost
annually. Conporec is a socially responsible organization listed on the
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

  • Mr. Jean Beaudoin, President and CEO, (450)
    746-9996; Source : Conporec Inc., www.conporec.com