Maple Leaf Reforestation Inc.
TSX VENTURE : MPE

February 22, 2012 14:43 ET

Maple Leaf Revises Private Placement Terms and Closes First Tranche

CALGARY, ALBERTA--(Marketwire - Feb. 22, 2012) - Maple Leaf Reforestation Inc. ("Maple Leaf" or the " Corporation") (TSX VENTURE:MPE) announces that further to its news release dated February 6, 2012, it has revised the terms of its non-brokered private placement. Maple Leaf will now issue up to 6,000,000 units at a price of $0.05 per unit ("Unit"), for potential gross proceeds of $300,000. Each Unit will consist of one common share of the Corporation and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at an exercise price of $0.10 for a period of 5 years from the date of closing of the private placement.

While the private placement is non-brokered, Maple Leaf may pay finder's fees to individuals who obtain subscriptions on its behalf. Maple Leaf intends to use the proceeds from the private placement for general working capital. The private placement is subject to final approval of the TSX Venture Exchange (the "TSXV"). Common shares sold pursuant to the private placement, and common shares issuable upon exercise of the warrants, will be subject to a four month hold period commencing on the closing of the private placement.

Closing of First Tranche of Private Placement

Maple Leaf would also like to announce that, subject to final approval by the TSXV, it has completed the first of a series of closings for the private placement. The first closing consists of 2,600,000 Units for total gross proceeds of $130,000. In connection with the first closing, Maple Leaf will pay finder's fees in the amount of $4,000 to arm's length parties.

About Maple Leaf Reforestation Inc.

Maple Leaf is a Canadian company operating various projects in China. 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 cash generated from operations in China to flow back to Canada.

About Maple Leaf Reforestation Inc.

Maple Leaf is a Canadian company that focuses in the environmental industry with 2 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 cash 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

Neither the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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