Migao Corporation

Migao Corporation

September 16, 2008 07:08 ET

Migao Corporation Added to S&P/TSX SmallCap Index

TORONTO, ONTARIO--(Marketwire - Sept. 16, 2008) - Migao Corporation (TSX:MGO), a China-based specialty potash fertilizer producer, is pleased to announce that effective September 22, 2008 Migao will be added to the list of companies comprising the S&P/TSX Small Cap Index.

The S&P/TSX SmallCap Index was created to address the needs of investment managers requiring a portfolio index of the small cap market segment of the Canadian equity market. In March 2007, following extensive consultation with numerous small cap investment managers and the Canadian Index Advisory Panel, the S&P/TSX SmallCap Index was redeveloped with new inclusion criteria designed to capture the appropriate investment opportunity set for small cap investment managers.

Criteria for inclusion in the Index include a market capitalization of $100 million - $1.5 billion and certain liquidity considerations. The S&P/TSX SmallCap Index membership is reviewed on an annual basis and therefore Migao will be included on the list for a minimum one-year period. For more information, including current data and index performance, visit www.indices.standardandpoors.com

Migao Corporation, through its wholly owned subsidiaries, owns and operates fertilizer production plants in various strategic locations across China for the production and sale of specialty potash fertilizer (potassium nitrate and potassium sulphate) to China's high value agricultural market. Migao Corporation is subject to, and complies with strict government regulations that govern safety, quality and environmental protection. Please visit www.migaocorp.com for further information.

This news release may include forward-looking statements within the meaning of certain securities laws. Forward-looking statements involve inherent risks and uncertainties, both general and specific, which give rise to the possibility that predictions, forecasts, projections and other forward-looking statements will not be achieved. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. We caution readers not to place undue reliance on these statements as a number of important factors, could cause actual results to differ materially from the estimates expressed in such forward-looking statements.

Factors that may cause actual results to differ materially from expectations, and about material factors or assumptions applied in making forward-looking statements, may be found under the "Risk Factors" sections in our Annual Information Form and annual MD&A. Except as required by Canadian securities laws, we do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf; such statements speak only as of the date made. We cannot assure readers that actual results will be consistent with these forward-looking statements, and the differences may be material. The forward-looking statements included herein are expressly qualified in their entirety by this cautionary language.

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