MPAC Industries Corporation
TSX VENTURE : MPN

MPAC Industries Corporation

July 09, 2007 10:23 ET

MPAC Re-Prices the Recently Announced Financing and Adjusts Maximum to $255,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2007) - MPAC Industries Corp. (the "Company" or "MPAC" or the "Issuer") (TSX VENTURE:MPN) is pleased to announce that it has re-priced its recently announced non-brokered private placement and adjusted the maximum number of units available for offer. The number of units will now be a maximum of 1,500,000 units (the "Offering") at a price of $0.17 (seventeen cents) per unit.

Each unit (a "Unit") is comprised of one (1) common share and one (1) non-transferable expedited share purchase warrant (the" Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at a purchase price of $0.22 (twenty-two cents) for up to one (1) year from the date of closing, subject to the Accelerated Expiry provision described below.

Accelerated Expiry of Warrants: In the event the closing trading or quotation price of the common shares of the Issuer on the TSX Venture Exchange (the "Exchange") is Cdn $0.29 (twenty-nine cents) per common share or higher over a period of twenty (20) consecutive trading or quotation days beginning on or after the date that is four (4) months and one (1) day after the date of issuance of the Warrants, the Issuer shall be entitled, following the issuance of a press release notifying holders of the Warrants of such event (the "Notice"), to accelerate the expiry date to the date that is ten (10) business days after the date the Issuer issues the Notice.

The Offering is on non-brokered basis, and the proceeds from the Offering will be used for general working capital and to advance the Company's proposed coal refining activity in Turkey. The Company may, in appropriate circumstances, pay up to 10% finder's fee in cash or shares.

The Offering is subject to acceptance by the securities regulatory authorities.

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.

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