Poly-Pacific International Inc.
OTC Bulletin Board : PLYPF

Poly-Pacific International Inc.

October 15, 2008 05:55 ET

Poly-Pacific Announces Debt Settlement

CALGARY, ALBERTA --(Marketwire - Oct. 15, 2008) - Poly-Pacific International Inc. (TSX VENTURE:PMB)(OTCBB:PLYPF)(BERLIN:A0LGDN)(FRANKFURT:POZ) ("Poly-Pacific" or the "Company") is pleased to announce that it intends to settle outstanding indebtedness of up to $32,200 through the issuance of common shares ("Shares") of the Company at a deemed price of $0.05 per Share (the "Debt Settlement"). The outstanding debt is comprised of salary obligations, consulting fees and other claims. If the entire Debt Settlement is completed 644,000 Shares will be issued. The Shares will be subject to a four month hold period upon issuance.

The Debt Settlement has received conditional approval from the TSX Venture Exchange.

Poly-Pacific is an innovator in eco-friendly solutions to Industrial Waste by-products. We are actively and successfully pursuing the reclamation of industrial polymers throughout the world. The significance and importance of recycling and reclaiming industrial waste has become an important global issue. At Poly-Pacific, we are focused on benefiting our planet by exploring and pursuing new environmentally sound methods and technologies in recycling, while creating significant value for our shareholders as the leading company in the reclamation sector.

This release may contain forward looking statements within the meaning of the "safe harbor" provisions of US laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Poly-Pacific does not assume any obligation to update any forward looking information contained in this news release.

For further information please register for our newsletter to receive news, updates and background information on a regular basis, visit www.poly-pacific.com or see below contact information.

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