News Release: Download PDF version MPAC INDUSTRIES CORP. Suite 508 - 4438 West 10 th Avenue Vancouver, B.C. V6R 4R8 May 6, 2008 SYMBOL: “MPN” on TSX-V CORPORATE UPDATE AND ANNOUNCEMENT OF NON-BROKERED PRIVATE PLACEMENT May 6, 2008: Vancouver, British Columbia; MPAC Industries Corporation (“MPAC” or the “Company”) 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. Having just completed and filed our annual Audited Financial Statements and Management Discussion & Analysis (“MD&A”) for the period ended December 31, 2007, management would like to take this opportunity to look back over the past four years and discuss the progress made to date. Those shareholders and analysts who have been involved with the Company since that time will be familiar with our journey. In its Corporate News Release of March 14, 2004, the Company laid out a specific road map of how it intended to proceed. The Company’s subsequent News Releases of January 22, January 29, February 14, March 11, and April 4, 2008 track both the progress and the challenges over this period. As the aforementioned News Releases indicate, the Company has recently reached a new milestone in the development of its Coal Refining Project for Turkey. Some five years ago, MPAC embarked upon a project to refine coal in Turkey adapting a Canadian technology – hitherto untested for coal. Numerous laboratory tests were carried out to prove the integrity and validity of the envisaged adaptation of the technology and further refinements of the technology selected by the Company for the start up business model. The stages involved in bringing any new process into production in the commercial arena involve at least the following steps: (1) The conceptualization of the production process; (2) Laboratory testing of the main components of a plant; (3) Building out of the technological components into a pilot process; (4) The refinement of the pilot process into a commercial plant; (5) Testing of the commercial plant; and (6) The refinement of the commercial plant into a producing plant that is further developed to bring forth higher efficiency. During 2007 and the first part of 2008, the Company commenced the testing of the Plant and, once set-up in Soma, implemented a number of minor adjustments and refinements, based on the limited production runs of coal through the Plant. There being no other such Plant known to MPAC, many if not all of the issues that arose during the testing period had to be solved in-house. This has resulted in a significant amount of Plant downtime. The Company continued with limited production and refinement to the Plant until the identified issues were reduced to just a few that continued to occur on a repeated basis. It must be noted that, during the testing stage, the integrity of the Canadian technology was further proved out. Every tonne of coal processed through the technology has resulted in substantial upgrading. What is even more impressive is that the refined coal to tailings ratio is much more favorable than what we had factored into the initial start-up corporate business plan. The Company is now at a stage where it has identified that, in order to move into the stage of meaningful commercial production, two areas of the Plant need additional work. The first is the screening component where the raw coal feedstock and the initial fluidization occurs to feed the Canadian technology. It has become apparent that a different screening processing is required. The Company is currently in discussions with the Turkish manufacturer of the existing screening unit, which is not performing to specification on Turkish coal, to remove this particular unit and replace it with a different screening component. As previously discussed, MPAC purchased a “turn-key” coal processing circuit from this manufacturer. The Company continues to work with this manufacturer to jointly solve this issue to our mutual satisfaction. The second issue is the dewatering unit that is designed to receive both the refined coal and the tailings flow. The Company has advised the Turkish manufacturer that the dewatering unit that was previously built and installed in our circuit does not meet the original needs of the Plant and, accordingly, that particular unit will need to be removed. The Company is very pleased to report that an alternate dewatering system has been identified and negotiations are proceeding to have this dewatering system installed on a trial basis to test its efficacy. In order to accommodate this equipment replacement, the Plant has been temporarily shut down once again. Basic maintenance will be performed to insure the continued Plant integrity while waiting for the new screening unit and dewatering system to arrive and be installed. The Canadian technician, who has been overseeing the Plant in Turkey through this testing process, has returned to Vancouver to report first hand to MPAC management on the various Plant issues and participate in the going forward decisions. This technician will return to the Plant in the coming weeks to incorporate the aforementioned changes and gear up for the anticipated commercial production. In the interim, it is very important to note that the Canadian technology has been performing as expected, and at times, even better than expected. The challenge is to now complete the seamless integration of the refining component into the overall Plant circuit in order to move from this stage of limited production into generating the projected forecast production rates and corresponding profits. The Company anticipates that with the installation of the new screening unit and dewatering equipment, daily production can be achieved which will result in a respectable positive cash flow to the Company, thus enabling the Company to not only plan for future expansion, but to record profits from the Soma Plant operations. As always, the Company very much appreciates the ongoing patience and support of its shareholders as it progresses from an academic visionary to a full-scale coal refining producer. The Company is also pleased to announce that it has concluded negotiations for a non-brokered private placement of a maximum of 3,500,000 units (the “Offering”) at a price of eight cents ($0.08) per unit. Each unit (a “Unit”) is comprised of one (1) common share of the Company (the “Share”) and one (1) non-transferable, one year, share purchase warrant (the ”Warrant”). Each Warrant entitles the holder thereof to purchase one (1) additional Share of the Company at a purchase price of twelve cents ($0.12). The Offering is on a 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 a ten percent (10%) finder’s fee in cash or Shares. Subject to interest from outside placees, the insiders, management, and/or consultants may subscribe for more than twenty-five percent (25%) of the Offering and may subscribe for up to one hundred percent (100%) of the Offering. The Offering is subject to acceptance by the securities regulatory authorities. This News Release contains forward-looking statements, which are based on MPAC Industries Corporation 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. For further corporate information, please contact: J. RICHARD W. HALL, Investor Relations at (604) 644-2244 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.

News Releases • June 1, 2009 MPAC would like to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey and the next steps that the Company anticipates. (Read More...) • March 16, 2009 MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey. (Read More...) • January 14, 2009 MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey. (Read More...) • December 03, 2008 MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey. (Read More...) • October 14, 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 $0.05 (five cents) per unit. (Read More...) • September 30, 2008 MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey. (Read More...) • September 11, 2008 MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey and the next steps that the Company anticipates. (Read More...) • August 5, 2008 MPAC is pleased to provide its shareholders and the investment community with an update regarding the coal refining pilot plant... (Read More...) • August 5, 2008 MPAC announces that, further to its News Release of June 23, 2008, pursuant to the conditional acceptance from the Exchange received May 26, 2008, it has closed the non-brokered private placement... (Read More...) • 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... (Read More...) • June23, 2008 MPAC wishes to advise its shareholders and the investment community that the Exchange has granted a forty-five (45) day extension... (Read More...) • June23, 2008 MPAC announces that, under it’s stock option plan, it has granted incentive stock options to directors, officers, and/or consultants... (Read More...) • 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. (Read More...) • April 4, 2008 MPAC is pleased to provide its shareholders and the investment community an update regarding the Soma coal refining Pilot Plant... (Read More...) • 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... (Read More...) • 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. (Read More...) • 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. (Read More...) • 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. (Read More...) • 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. (Read More...) • 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. (Read More...) • 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”). (Read more...) • 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. (Read More...) • 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). (Read More...) • November 5, 2007 MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine... (Read More...) • 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. (Read More...) • 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. (Read More...) • October 22, 2007 MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine... (Read More...) • September 17, 2007 MPAC Is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine. (Read More...) • August 30, 2007 MPAC announces that, under it’s stock option plan, it has granted incentive stock options.. (Read More...) • 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. (Read More...) • 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. (Read More...) • 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. (Read More...) • 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. (Read More...) • 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. (Read More...) • June 1, 2007 MPAC announces that, under it’s stock option plan, it has granted incentive stock options... (Read More...) • May 31, 2007 MPAC has filed its annual audited financial statements and management's discussion and analysis... (Read More...) • May 22, 2007 MPAC intends to implement accelerated exercise provisions on warrants issued in its November 30, 2006 non-brokered Private Placement... (Read More...) • May 11, 2007 MPAC announces that it has revised the scheduling of the planned testing of the Coal Refining Plant... (Read More...) • May 1, 2007 MPAC reports that it has been delayed in filing its Annual Audited Financial Statements and Annual Management Discussion & Analysis... (Read More...) • April 25, 2007 MPAC wishes to provide the following update to its activities in Turkey since the last News Release of March 26, 2007. (Read More...) • March 26, 2007 MPAC is pleased to advise that it has closed the previously announced Non-Brokered Private Placement... (Read More...) • March 5, 2007 MPAC is pleased to provide the following update to its activities in Turkey. (Read More...) • February 7, 2007 MPAC is pleased to provide the following update to its activities in Turkey. (Read More...) • 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. (Read More...) • December 7, 2006 MPAC signs additional MOUs (Read More...) • December 1, 2006 MPAC Industries grants stock options. (Read More...) • November 30, 2006 MPAC Industries close $75,000 private placement offering. (Read More...) • November 23, 2006 MPAC arranges up to a maximum of $60,000 financing. (Read More...) • November 20, 2006 MPAC Industries Corp. is pleased to announce that the plant equipment has safely arrived at the port of Istanbul. (Read More...) • October 25, 2006 MPAC Industries Corp. is pleased to provide the following corporate update on its recent activities. (Read More...) • October 13, 2006 MPAC Industries Corp. Closes $405,000 Private Placement Offering. (Read More...) • October 13, 2006 MPAC grants stock options. (Read More...) • September 28, 2006 MPAC directors & officers exercise stock options. (Read More...) • September 21, 2006 MPAC is pleased to announce that it has entered into a definitive agreement (the Definitive Agreement”) with ALCE Cevre Teknigi Ltd. (Read More...) • 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. (Read More...) • 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... (Read more...) • August 23, 2006 MPAC is pleased to announce that it has completed its preliminary due diligence on the Tokat/Zile coal mine... (Read More...) • June 29, 2006 MPAC Industries Corp. announces that, under it’s stock option plan... (Read More...) • April 20, 2006 MPAC is pleased to provide the following corporate update of its activities... (Read More...) • January 11, 2006 MPAC is pleased to provide the following corporate update of its activities... (Read More...) • December 19, 2005 MPAC announces that, under its stock option plan, it has granted incentive stock options to directors... (Read More...) • 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 ... (Read More...) • November 15 , 2005 MPAC is pleased to announce the closing of its private placement of 6,004,000 Units at $0.11 per Unit... (Read More...) • 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... (Read more...) • 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... (Read more...) • 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... (Read more...) News Release Archive Read More News... Stock Prices TSX- Venture: MPN CAN: $0.00    Change: N/A Prices delayed up to 20 minutes