SOURCE: Quadra Projects Inc.

December 30, 2009 13:19 ET

QUADRA Discussing Financing of Assembly Plant in China

LAS VEGAS, NV--(Marketwire - December 30, 2009) - QUADRA PROJECTS INC. ("Quadra" or the "Company"), its stock quoted on the OTC BB under the trading symbol (OTCBB: QPRJ), announced that Management of the Company has met with Senior Management of CANDA GREEN INDUSTRY INC. ("CANDA") (our proposed Joint Venture partner) to discuss what documentation and projections are required so that CANDA can finalize financing for the Joint Venture's proposed Assembly, Municipal waste and Waste tire conversion plant in China. Preliminary discussions have been held by CANDA Senior Management with its Bankers who have indicated that up to $10Million USD will be available for the Joint Venture purposes.

As an initial step, Management of CANDA has requested that the Company prepare financial projections for the operation of the Assembly plant for China. Also Senior Management of CANDA have indicated that they have significant International financial and business relationships in Asia which they desire to pursue in conjunction with the Company. The Company is preparing a Memorandum of Understanding to cover these prospective arrangements.

With these discussions and prospective Joint Venture Agreement, our shareholders are becoming part of the leading business venture in waste to energy conversion technology in China. Management is very pleased to deliver this opportunity to our shareholders to unlock the value in our Company. Further by our entry into this proposed Joint Venture with CANDA and its relationships with the regulatory and Governmental authorities in China, we believe the Company will grow faster than a stand-alone Company in China.

Management of the Company is of the opinion that the patented QES2000 System is the most advanced pyrolysis and gasification system in the world, specifically designed to convert all organic waste such as palm husks (including used tires, plastic waste and municipal waste etc,) to valuable by-products such as N220 carbon black, biochar fertilizer, and/or fuel oil or fuel gas for the production of electrical power, without any measurable environmental pollution or ash to be land filled. The QES2000 System is designed to meet the Global challenges of the 21st Century wherein natural resources are being exhausted, the petroleum industry is unstable and uncertain in terms of cost and supply and the world is seeing a degradation of the Global environment.

Because of the affordability of the QES2000 System, and the creation of significant revenue streams from the by-products, the return on investment is much greater than other competitive systems.

About QUADRA PROJECTS INC.

QUADRA PROJECTS INC. intends on becoming a leading green energy company focusing on environmentally friendly opportunities focusing on its leading waste to energy technology and other green industry opportunities existing world-wide.

Forward-Looking Statements:

THIS RELEASE CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS CONCERNING QUADRA'S OPERATIONS, ECONOMIC PERFORMANCE AND FINANCIAL CONDITION. THESE STATEMENTS ARE BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES, WHICH ARE INHERENTLY SUBJECT TO UNCERTAINTIES AND CONTINGENCIES, MANY OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY, AND REFLECT FUTURE BUSINESS DECISIONS, WHICH ARE SUBJECT TO CHANGE. SOME OF THESE ASSUMPTIONS MAY NOT MATERIALIZE, AND UNANTICIPATED EVENTS WILL OCCUR WHICH CAN AFFECT THE COMPANY'S RESULTS.

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