Opta Minerals Inc.

Opta Minerals Inc.

May 01, 2007 16:22 ET

Opta Minerals Schedules First Quarter 2007 Financial Results Release and Conference Call

WATERDOWN, ONTARIO--(CCNMatthews - May 1, 2007) - Opta Minerals Inc. (TSX:OPM), announced today that it will issue financial results for the first quarter ended March 31, 2007 on Tuesday May 8, 2007 after the close of the stock market.

Opta Minerals' President and CEO, David Kruse, plans to host a conference call at 9:30 AM Eastern Standard Time, on Friday May 11th, at the Company's Annual General Meeting to discuss Q1 results and recent corporate developments. After opening remarks, there will be a question and answer period. This conference call can be accessed with the toll free dial-in number 1-(866) 904-6251 or (416) 915-8321. If you are unable to listen live, the conference call will be archived and can be accessed at the following replay numbers between May 11th and May 17th with the toll free dial-in number 1-(866) 245-6755 or (416) 915-1035 followed by pass code: 90932.

Opta Minerals is a vertically integrated producer, manufacturer, distributor and recycler of industrial minerals, silica-free loose abrasives, roofing shingle granules, specialty sands and related products for use primarily in the foundry, steel, marine/bridge cleaning and municipal water filtration industries. The Company has experienced solid growth since July 1995, through a combination of internal growth and successfully integrated strategic acquisitions to become one of the dominant regional suppliers of silica-free loose abrasives in a number of select markets on the east coast of North America. These results were achieved while the Company was an operating group of SunOpta and during a period in which SunOpta dedicated the majority of its resources to building its core organic and natural food business.

The Company currently has production and distribution facilities in Ontario, Quebec, Louisiana, South Carolina, Virginia, Maryland, Ohio, Indiana, Michigan and New York and one of the broadest product lines in the industry. Recognizing that the fragmentation and lack of consolidation among suppliers in its industry has provided it with a strategic growth opportunity, the Company intends to capitalize on this opportunity to become one of the dominant North American suppliers of industrial minerals and silica-free loose abrasives, while at the same time leveraging this core expertise to expand its breadth of services and product offering in other industrial minerals.

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