Conporec Inc.

Conporec Inc.

January 10, 2006 13:51 ET

New step in the achievement of a 15 million $ investment in the Gaspé Peninsula - Conporec Inc. signs a purchase option for the lands and premises of the retained site in Murdochville

SOREL-TRACY, Jan. 10 - Jean Beaudoin, president and CEO of
Conporec Inc. (TSX VENTURE:CNP), announces that the company has signed a purchase option with
the city of Murdochville for a portion of the lands and premises of the former
mining company Noranda Inc., now property of the city of Murdochville. This
option allows Conporec to take another step towards the construction and
operation of a solid waste reclaiming plant for the municipalities of the
Gaspé Peninsula. It consists of three buildings in which will be installed the
waste collection rooms, bioreactors, sorting equipments and compost maturation

Even though no final decisions related to the realization of the project
have yet been taken by local and regional municipalities, it is important for
Conporec to secure the targeted landed estates in order to ensure the carrying
out of the project "This purchase option represents an important step forward
in the project. Following the recent meeting with the mayors, several
municipalities have showed interest in this project. We are gradually moving
towards the realization of this important project reconciling economy and
environment." said Mr. Beaudoin.

Let's remember that the project provides for the construction and
operation of a solid waste reclaiming plant for the municipalities of the
Gaspé Peninsula based on a public-private partnership model. As such, not only
will the participating municipalities be sure to reach the highest
performances in the Province of Québec in terms of solid waste reclaiming, but
they will also participate to the operational profits of such a plant, thus
reducing the solid waste management total costs. Furthermore, those
municipalities will contribute to the economic upswing of the city of
Murdochville by making possible a 15 million dollar investment and the
creation of some twenty new jobs.

As the Quebec Minister of the Ministère du Développement Durable, de
l'environnement et des Parcs mentioned last summer in a letter addressed to
the municipalities, this project, as proposed, with its at-the-source waste
reduction and sorting-composting strategies, meets the goals of the Québec
government's Solid Waste Management Policy, 1998-2008.

The implementation of this project would allow the Gaspé Peninsula to
reach the same performance as the Lower Richelieu region which shows a
reclaiming rate of 75% reached with the implementation of a Conporec plant in
Sorel-Tracy - A unique performance in the Province of Québec which is among
the world's highest standards.

Ms. Délisca Ritchie Roussy, mayor of Murdochville, commented on the
realization of this important step in the project: "Lots of work remains to be
done in this project but we strongly believe it really responds to the needs
of the municipalities of the region and we are confident the elected
representatives will go for it." Ms. Ritchie Roussy also stated that this
project fits perfectly with the economic upswing's strategy of her city which
promotes renewable energy and a strong environmental policy.

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's 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.