MPAC Industries Corporation
TSX VENTURE : MPN

MPAC Industries Corporation

January 29, 2008 10:27 ET

MPAC Industries Corporation: Test Results From the Soma Coal Refining Plant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2008) - MPAC Industries Corporation (the "Company" or "MPAC") (TSX VENTURE:MPN) is pleased to release the results of two (2) of the test samples from the coal refining plant (the "Plant") located on the leased site (the "Leased Site") in Soma, Turkey. Further results from subsequent tests will be released as they become available.

The table below displays the run-of-mine input coal ("ROM Coal") qualities and the resulting qualities of the refined coal ("Refined Coal") after processing through the Plant:



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Measure Discussion Value
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ROM KCal Represents the range of initial heat content of coal 3,310
Dried in Air and indicates potential sale price after cleaning
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ROM Ash Represents the impurities that could be removed from 37.28%
& Shale the Dried in Air ROM coal - indicates potential for
cleaning and subsequent KCal values
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ROM Moisture Represents how "wet" the ROM coal is from the mine, 5.65%
(Air Dried) after air drying, and can partially explain lower KCal
values if the Moisture is high
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TEST RESULT SAMPLE #1
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Test Result Represents the responsiveness of the particular coal 5,144
#1 to the Canadian refining technology
KCal
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Test Result Represents the percentage increase in KCal expressed + 55.4%
#1 as ((Refined KCal less ROM KCal) divided by ROM KCal)
% Change
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Test Result Represents the percentage of ash & shale after 17.6%
#1 refining
Ash & Shale
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Test Result Represents the percentage reduction in Ash & Shale - 52.8%
#1 expressed as ((Refined Ash & Shale less ROM Ash &
% Change Shale) divided by ROM Ash & Shale)
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Test Result Represents the amount of inherent moisture remaining 4.13%
#1 in the refined coal, after air drying
Moisture
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Test Results: Represents the percentage change expressed as - 26.9%
% Change ((refined Moisture less ROM Moisture) divided by
ROM Moisture)
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TEST RESULT SAMPLE #2
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Test Result Represents the responsiveness of the particular coal 4,733
#2 to the Canadian refining technology
KCal
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Test Result Represents the percentage increase in KCal expressed + 43.0%
#2 as ((Refined KCal less ROM KCal) divided by ROM KCal)
% Change
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Test Result Represents the percentage of ash & shale after 22.89%
#2 refining
Ash & Shale
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Test Result Represents the percentage reduction in Ash & Shale - 38.6%
#2 expressed as ((Refined Ash & Shale less ROM Ash &
% Change Shale) divided by ROM Ash & Shale)
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Test Result Represents the amount of inherent moisture remaining 4.17%
#2 in the coal after refining
Moisture
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Test Results: Represents the percentage change expressed as - 26.2%
% Change ((refined Moisture less ROM Moisture) divided by
ROM Moisture)
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As previously reported in the Company's News Release of January 22, 2008, the preliminary test results indicated much the same results as these final results. The initial results reported on January 22, 2008 mentioned an increase in the kilo calorific value of forty-five percent (45%). That percentage had been adjusted downward to account for the ROM Coal moisture value (as mined) versus the Refined Coal moisture (air dried).

A limited number of technical parameters have been tested so far, and will continue to be tested, in order to determine the optimal Plant throughput for the various input coals which will result in the maximum amount of ash and other impurities reporting to the tailings, while directing the maximum quantity of Refined Coal to the product stream.

Management is very pleased with the results of the recent testing and, barring any unforeseen circumstances, MPAC continues to forecast its February 2008 Refined Coal production at up to 25,000 tonnes. Production target figures for March and April 2008 will be announced at a later date based upon the performance of the Plant in February.

This news release contains forward-looking statements, which are based on MPAC Industries' current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. The forward-looking statements are not guarantees of future performances and undue reliance should not be placed on them. Actual results may differ materially as a result of any number of factors and uncertainties, many of which factors are beyond the Company's control. MPAC Industries Corporation undertakes no obligation to revise any forward-looking statements except as required by applicable securities laws.

BY THE ORDER OF THE BOARD

Firoz Lakhani, President & CEO

The TSX Venture Exchange neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • MPAC Industries Corporation
    J. Richard W. Hall
    Investor Relations
    (604) 644-2244
    Website: www.mpacindustries.com