MTY Food Group Inc.
TSX VENTURE : MTY

MTY Food Group Inc.

July 08, 2005 11:20 ET

MTY Food Group Inc.: Announcement

MONTREAL, QUEBEC--(CCNMatthews - July 8, 2005) - The Company is pleased to announce that it has arranged with one individual, a non-brokered private placement of 1.0 million common shares at a subscription price of $3.50 per share to raise gross proceeds of $3.5 million. The net proceeds of the offering will be added to the Company's unallocated working capital. No selling commissions or finder's fees will be paid in connection with the placement.

The private placement is subject to regulatory acceptance.

ON BEHALF OF THE BOARD

Stanley Ma,

Chairman, President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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