Legumex Walker Inc.
TSX : LWP

July 18, 2011 09:00 ET

Legumex Walker Inc. Gives "Notice to Proceed" For Construction of Canola Processing Plant

Washington State to be site of new Pacific Coast Canola facility

WINNIPEG, MANITOBA--(Marketwire - July 18, 2011) - Legumex Walker Inc. (TSX:LWP) announced today that it has given notice to proceed for construction of its 10th production facility, a canola oilseed processing plant. The new facility, the company's first in the United States, will be located in Warden, WA and will produce expeller-pressed canola oil and high-quality canola meal. The plant will be the first commercial-scale canola crushing operation west of the Rockies and is well-positioned to supply the expanding demand for canola products on the west coast of the United States. The facility is expected to be completed by late 2012 and operational in 2013.

"Canola oil demand is growing worldwide, especially in the United States," said Dave Walker, Chairman of the Board of Legumex Walker. "Adding canola oil and meal produced in Washington to our current pulse and special crops product lines diversifies our company both from a product as well as a geographic perspective. This is a very attractive opportunity for us."

The canola processing facility is being built and operated by Pacific Coast Canola, a Washington State company owned 85 percent by Legumex Walker and 15 percent by Glencore Grain Investment LLC. The plant is designed to process 1,100 metric tonnes (MT) of canola per day and has a design output capacity of 142,500 MT of canola oil and 227,000 MT of canola meal per year.

"We're very excited about this project," said Joel Horn, Legumex Walker's president and CEO. "We think this will be good for farmers in the Pacific Northwest by providing a local buyer for a new high-margin crop that can be easily added to their existing rotations; it's good for canola oil and canola meal buyers who will benefit from a local supplier with significantly lower transportation costs. And, it's good for local consumers."

"This is a great addition to our community and to our economy," said Terry Brewer, Executive Director of the Grant County Economic Development Council. "The timing is excellent and we're very pleased that this project will create a substantial number of construction jobs and permanent jobs. We're delighted to welcome Pacific Coast Canola to our community."

Industrial Construction Group, Inc. of Portland, OR will construct the plant under a guaranteed-maximum-price contract. Crown Iron Works Company in Roseville, MN will provide process engineering and equipment.

Horn expressed appreciation for the work that preceded today's announcement:

"The project team had great cooperation and assistance throughout the preliminary phase of this project. We're grateful to the local community in Warden and Grant County, to the State Departments of Agriculture, Ecology, and Natural Resources. We are especially appreciative of the help we've received from our landlord, the Port of Warden, as well as the Columbia Basin Railroad, the Grant County Public Utility District, and the Grant County Economic Development Council."

The plant will be located on a 52-acre site in Warden. The community is in the heart of a multi-state region that is ideal for canola production and well-served by rail and surface transportation routes.

About Legumex Walker Inc.

Legumex Walker is a growth-oriented processor and merchandiser of pulses (lentils, peas, beans and chickpeas), other special crops and canola products. As a result of the combination of the Roy Legumex Group of Companies and Walker Seeds Ltd., the Company is one of the largest processors of pulses and other special crops in Canada, with nine processing facilities strategically located in key growing regions throughout Saskatchewan and Manitoba, a global sales, logistics and distribution platform and access to multimodal transportation capabilities. Through its 85 percent interest in Pacific Coast Canola, LLC, a company that is constructing a 1,100 MT per day canola oilseed processing facility in Washington State, the Company will expand into canola processing, further increasing geographic and product diversification.

This press release contains "forward-looking information" within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to the construction and design and capacity of the canola oilseed crushing facility and business plans related thereto. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the final prospectus of Legumex Walker dated June 30, 2011 available on sedar.com. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

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