Migao Corporation

Migao Corporation

May 06, 2008 07:00 ET

Migao Receives Patent For Potassium Nitrate Production Process

TORONTO, ONTARIO--(Marketwire - May 6, 2008) - Migao Corporation (TSX:MGO), a China-based leading specialty potash fertilizer producer, is pleased to announce that a patent protecting the Company's process for producing potassium nitrate has been approved.

Patent number 2005100212241 has been issued by the State Bureau of Intellectual Property Rights of China to Sichuan Migao for its Double Decomposition Process, a method of producing potassium nitrate and ammonium chloride. Sichuan Migao, one of Migao's wholly owned subsidiaries operating in Chengdu, Sichuan Province in China produces 80,000 tonnes of potassium nitrate annually.

The national patent has been granted for the Double Decomposition Process of producing potassium nitrate and ammonium chloride using potassium chloride and ammonium nitrate. The nature of the patent relate to a re-circulating vaporization and crystallization process under specific temperature and pressure conditions.

"This is an important accomplishment for Migao as a quality leader in our industry. This has been a lengthy and thorough process and I congratulate our R&D staff for their success in this achievement," said Mr. Liu Guocai, Migao's CEO. "This patent protects our economic efficiency and environmentally responsible process, as well as the ability to consistently and accurately deliver high quality products, which is most important to our customers."

About Migao

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 agricultural market. Migao Corporation is subject to, and complies with strict government regulations that govern safety, quality and environmental protection. Each of Migao's operating facilities have obtained ISO certification. Please visit www.migaocorp.com for further information.

This press release contains statements that may constitute forward-looking statements, which may include financial and other projections, as well as statements regarding future plans, objectives or economic performance. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied and accordingly, investors should not place undue reliance on any such forward-looking statements. Factors that could cause results to vary include those expressed in the Company's filings with Canadian securities regulatory authorities. All information presented herein should be read in conjunction with such filings.

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