Maple Leaf Reforestation Inc.

November 23, 2011 18:28 ET

Maple Leaf Foresees Prosperous Future with Newly Appointed Vice-President of China Operations

CALGARY, ALBERTA--(Marketwire - Nov. 23, 2011) - Maple Leaf Reforestation Inc. ("Maple Leaf") (TSX VENTURE:MPE) is very pleased to announce that Mr. Fu Jiang Qian has been appointed as Vice-President of China Operations. Mr. Raymond Lai, President & CEO of Maple Leaf Reforestation comments, "We are delighted to have someone such as Mr. Qian, with such a high caliber level of experience in business and marketing, to oversee Maple Leaf's project development in China. We know that Mr. Qian will be a great asset to our team and its future growth. As we have already begun working on strategies around capital financing, growth and expansion, and increasing shareholder value with Mr. Qian, it is indeed clear that he is a piece of the puzzle that Maple Leaf has been missing while it has been trying to grow its business and position itself in the Chinese marketplace."

Mr. Qian, who has over 21 years of involvement in various industries including mining, wineries, reforestation, nutrition and construction, offers commendable executive management, networking and corporate sales experience. Mr. Qian's experience is greatly needed to establish the operational foundation that Maple Leaf has been seeking to achieve and to reach its goals and financial milestones in the Chinese marketplace. Mr. Qian holds a Bachelor of Economics and Management degree from the Inner Mongolia Agricultural University as well as a Master of Business Administration degree from the Inner Mongolia University.

In addition to owning four companies in Inner Mongolia, which are involved in Jade mining, construction, landscaping and a native products retail chain store, Mr. Qian is a highly recognized and respected businessman in both Northern China's, and particularly Inner Mongolia's, business communities. Due to Mr. Qian's successful business career, Mr. Qian has political relationships in Central China at various levels of government which will aid in the development of future projects in the region.

Seedlings Sale Order

With joining Maple Leaf's team, Mr. Qian is immediately bringing to the table a seedling sales order worth 3,000,000 Rmb (approximately $500,000 Cdn). The purchase order, signed on November 21st, 2011 was secured with Inner Mongolia Ordos City Zhungeer Chak Island Co., Ltd. ("Zhungeer"), which has agreed to purchase 3 million Scots Pine seedlings at 1 Rmb (approximately $0.165 Cdn) per seedling, a 33% increase from Maple Leaf's normal sale price of 0.75 Rmb (approximately $0.125 Cdn). Mr. Qian is confident that going forward he will be able to maintain or surpass this seedling sale price for Maple Leaf's products. Zhungeer will pay a non-refundable deposit of 100,000 Rmb (approximately $16,500 Cdn) on December 1st, 2011, with the first batch of seedlings scheduled for delivery on March 1st, 2012.

About Maple Leaf Reforestation Inc.

Maple Leaf is a Canadian company that focuses on the environmental industry with two main operating arms:

  1. Eco-Agriculture - it operates a large-scale nursery business in Inner Mongolia, China that is focused on growing value-added tree seedlings and nursery products that assist with anti-desertification.
  2. Renewable Energy - it is undertaking to commence a Yellowhorn seedling and tree operation which would provide valuable Yellowhorn seeds and ultimately oil from such seeds for the manufacture of bio-diesel fuel and premium healthy cooking oil.

Maple Leaf is a wholly-owned foreign enterprise which allows the Company to control 100% of the direction and operations of the company in China while permitting the profits generated from operations in China to flow back to Canada.

Certain statements in this news release including (i) statements that may contain words such as "anticipate", "could", "expect", "seek", "may" "intend", "will", "believe", "should", "project", "forecast", "plan" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute "forward-looking statements" and are based on certain assumptions and analysis made by Maple Leaf. Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the China's seedling industry; business strategy; expansion and growth of Maple Leaf's business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and that may affect Maple Leaf's operations, including, but are not limited to: the impact of general economic conditions; industry conditions; government and regulatory developments; seedling product supply and demand; competition; and Maple Leaf's ability to attract and retain qualified personnel. Maple Leaf's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do transpire or occur, what benefits Maple Leaf will derive there from.

Maple Leaf maintains a forward-looking statement database which is reviewed by management on a regular basis to ensure that no material change has occurred with respect to such forecasts. The Company will publicly disclose such material changes to its forward-looking statements as soon as they are known to management.

Shares Issued: 80,682,875

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

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