News Release:

news release 10/24/2003 Download PDF version MPAC INDUSTRIES CORP.
Suite 508 - 4438 West 10 th Avenue
Vancouver, B.C.
V6R 4R8

January 11, 2006
SYMBOL: “MPN” on TSX-V

CORPORATE UPDATE


Vancouver, BC, January 11, 2006:
MPAC Industries Corporation (the “Company”) is pleased to provide the following corporate update of its activities since graduating from the NEX to Tier II of the TSX Venture Exchange at the end of last year.

In addition to its previous News Releases, the Company has placed an order for the first coal upgrading plant (the “Plant”) for its contemplated operation in Turkey. The estimated delivery for testing of the Plant in Vancouver is projected to take place on or around the commencement of the second quarter of 2006. Once the Plant has been tested, it will be disassembled and shipped to Turkey.

Due to Turkey’s pending entry into the European Union (“EU”), changes in policies, regulations, and laws are being announced and implemented on a regular basis. So far, all of the changes that could effect the Company’s activities in Turkey appear to be favorable – particularly as they relate to import duties and Value Added Taxes (“VAT”). Changes in corporate income taxes announced towards the end of last year should also greatly benefit the Company. MPAC is availing itself of local consultants to evaluate and take full advantage of such changes.

During the most recent visit to Turkey by its senior officer, MPAC was offered several other coal upgrading opportunities by a number of other coal mine owners and operators. One mining company in particular, appears to have a promising quality and quantity of coal that could be facilitated by MPAC’s technology. Arrangements have been made to have a sample of the coal tested in Canada and for laboratory testing of the interaction between the sample coal and the upgrading plant.

Should the test results be favorable, the Company will consider this coal mine as its next location for its upgrading plant. Presently, the Company is in preliminary negotiations with the coal mine to this effect.

As the Turkish economy is expanding, the government is becoming more aware of Turkey’s dependency on imported energy. This realization is providing further opportunities to the Company in that country.

The corporate year-end of MPAC is December 31 st, and in due course the Company will set the date and venue for the Annual General Meeting.

ON BEHALF OF THE BOARD OF DIRECTORS:

____________________________________

Firoz Lakhani
Director, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT
MPAC INDUSTRIES CORPORATION
J. Richard W. Hall
(604) 644-2244

CAUTIONARY NOTE
Some of the statements contained in this release are forward looking statements, such as estimates and statements that describe the corporation’s future plans, objectives or goals, including words to the effect that the corporation or management expects a stated condition to exist or occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ from those currently anticipated in such statements by reason of factors such as, but not limited to,changes in general economic and market conditions.

 

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


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News Releases

• June25, 2008
MPAC is pleased to provide its shareholders and the investment community with an update concerning the election of the new Board of Directors...
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• June23, 2008
MPAC wishes to advise its shareholders and the investment community that the Exchange has granted a forty-five (45) day extension...
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• June23, 2008
MPAC announces that, under it’s stock option plan, it has granted incentive stock options to directors, officers, and/or consultants...
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• May 6, 2008
MPAC is pleased to provide its shareholders and the investment community an update regarding the coal refining pilot plant (the “Plant”) located in the City of Soma in Turkey.
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• April 4, 2008
MPAC is pleased to provide its shareholders and the investment community an update regarding the Soma coal refining Pilot Plant...
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• March 31, 2008
MPAC announces that, under it’s stock option plan, it has granted incentive stock options to directors, officers, and/or consultants of the Company...
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• March 11, 2008
MPAC is pleased to announce the commencement of limited commercial production at the coal refining plant (the “Plant”) located on the leased site (the “Leased Site”) in Soma, Turkey.
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• February 18, 2008
MPAC announces that, further to its News Release of January 28, 2008, the Company, has closed its Non-Brokered Private Placement (the “Placement”) comprised of 1,815,000 units with twenty (20) placees at a price of $0.13 per unit.
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• February 14, 2008
MPAC is pleased to provide its shareholders and the investment community of the following up-date concerning the Soma coal refining plant (the “Plant”) on the leased site (the “Leased Site”) located in the City of Soma in the western part of Turkey.
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• January 29, 2008
MPAC 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.
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• January 28, 2008
MPAC is pleased to announce that it has concluded negotiations for a non-brokered private placement of a maximum of 1,500,000 units (the “Offering”) at a price of $0.13 (thirteen cents) per unit.
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• January 22, 2008
MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal refining plant (Read More...)
• December 6, 2007
MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma leased site (the “Leased Site”).
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• November 9, 2007
MPAC announces that, further to its News Releases of October 30, 2007 and November 6, 2007, the Company, pursuant to the Conditional Acceptance from the Exchange, has closed its Non-Brokered Private Placement (the “Placement”) comprised of 1,260,000 units with twelve (12) placees at a price of $0.14 per unit.
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• November 6, 2007
MPAC announces that, further to its News Release of October 30, 2007, the Company has increased the maximum offering of its Non-Brokered Private Placement from $154,000 (1,100,000 units) to $180,600 (1,290,000 units).
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• November 5, 2007
MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine...
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• October 30, 2007
MPAC is pleased to announce that it has concluded negotiations for a non-brokered private placement of a maximum of 1,100,000 units (the “Offering”) at a price of $0.14 (fourteen cents) per unit.
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• October 24, 2007

MPAC has now entered into a binding lease agreement for the leased site in Soma as referred to in its News Release of October 22, 2007.
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• October 22, 2007
MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine...
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• September 17, 2007
MPAC Is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine.
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• August 30, 2007
MPAC announces that, under it’s stock option plan, it has granted incentive stock options..
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• August 21, 2007
MPAC is pleased to announce that, in keeping with its intent to initially concentrate its efforts to refine coal in the western part of Turkey, it has entered into a Memorandum of Understanding (the “MOU”) with the Yalvaç coal mine owner to refine their coal using the Company’s coal upgrading and refining
process.
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• August 4, 2007
MPAC announces that, further to its News Release of July 9, 2007, the Company has closed its Non-Brokered Private Placement comprised of 1,510,000 units with twenty-three (23) Placees at a price of $0.17 per unit.
(Read More...)
• July 30, 2007
MPAC is pleased to announce that it has secured the required promissory note (the “Note”) from E.E. Madencilik Dagitim Sanay Ticareti ve Pazarlama Ltd. Sti (“E&E”) in accordance with the terms of the recently announced definitive agreement (the “Agreement”) with E&E.
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• July 17, 2007
MPAC is pleased to announce that it has entered into a definitive agreement (the “Definitive Agreement”) with E.E.
(Read More..)
• July 9, 2007
MPAC 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.
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• July 3, 2007

MPAC is pleased to announce that the Company has entered into a binding Memorandum of Understanding (the “MOU”) with the Soma coal mine owner to refine their coal using the Company’s coal upgrading and refining process.
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• June 20, 2007
MPAC is pleased to announce that the final testing of the coal refining pilot plant equipment (the “Equipment”) has been completed by the engineering staff from Turkey.
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• June 1, 2007
MPAC announces that, under it’s stock option plan, it has granted incentive stock options...
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• May 31, 2007
MPAC has filed its annual audited financial statements and management's discussion and analysis...
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• May 22, 2007
MPAC intends to implement accelerated exercise provisions on warrants issued in its November 30, 2006 non-brokered Private Placement...
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• May 11, 2007
MPAC announces that it has revised the scheduling of the planned testing of the Coal Refining Plant...
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• May 1, 2007
MPAC reports that it has been delayed in filing its Annual Audited Financial Statements and Annual Management Discussion & Analysis...
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• April 25, 2007
MPAC wishes to provide the following update to its activities in Turkey since the last News Release of March 26, 2007.
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• March 26, 2007
MPAC is pleased to advise that it has closed the previously announced Non-Brokered Private Placement...
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• March 5, 2007
MPAC is pleased to provide the following update to its activities in Turkey.
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• February 7, 2007
MPAC is pleased to provide the following update to its activities in Turkey.
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• January 4, 2007
MPAC is pleased to announce that the major components of the coal refining plant (the “Plant”) have arrived in Tokat / Zile and have been substantially installed.
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• December 7, 2006
MPAC signs additional MOUs
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• December 1, 2006
MPAC Industries grants stock options.
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• November 30, 2006
MPAC Industries close $75,000 private placement offering.
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• November 23, 2006
MPAC arranges up to a maximum of
$60,000 financing.
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• November 20, 2006
MPAC Industries Corp. is pleased to announce that the plant equipment has safely arrived at the port of Istanbul.
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• October 25, 2006
MPAC Industries Corp. is pleased to provide the following corporate update on its recent activities.
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• October 13, 2006
MPAC Industries Corp. Closes $405,000 Private Placement Offering.
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• October 13, 2006
MPAC grants stock options.
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• September 28, 2006
MPAC directors & officers exercise stock options.
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• September 21, 2006
MPAC is pleased to announce that it has entered into a definitive agreement (the Definitive Agreement”) with ALCE Cevre Teknigi Ltd.
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• September 13, 2006
MPAC is pleased to announce that the testing of the equipment that has beenmanufactured for MPAC has now been successfully concluded at the manufacturer’s plant.
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• August 28, 2006
MPAC is pleased to announce that it has concluded negations for a private placement of a maximum of 4,000,000 units...
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• August 23, 2006
MPAC is pleased to announce that it has completed its preliminary due diligence on the Tokat/Zile coal mine...
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• June 29, 2006
MPAC Industries Corp. announces that, under it’s stock option plan...
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• April 20, 2006
MPAC is pleased to provide the following corporate update of its activities...
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• January 11, 2006
MPAC is pleased to provide the following corporate update of its activities...
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• December 19, 2005
MPAC announces that, under its stock option plan, it has granted incentive stock options to directors...
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• November 21, 2005
Pursuant to the shareholder approval at the Company’s Annual General Meeting held on June 24, 2004, the Company has now issued a total of 500,000 ...
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• November 15 , 2005
MPAC is pleased to announce the closing of its private placement of 6,004,000 Units at $0.11 per Unit...
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• October 4, 2005
MPAC Industries Corp. (the “Company or “MPAC”) is pleased to announce that its shares will be reinstated for trading on NEX on October 5, 2005...
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• July 20, 2005
MPAC Industries Corporation (the "Company" or “MPAC”) is pleased to announce that First Associates Investments Inc. (“FAI”) of Calgary, Alberta has, subject to completion of satisfactory due diligence...
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• December 9, 2004
MPAC Industries Corp. (the “Company”
or “MPAC”) has signed a Heads of Agreement under a binding Memorandum of Understanding (the “MOU”) with Simsek Grubu...
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