News Release: Download PDF version MPAC INDUSTRIES CORP. Suite 508 - 4438 West 10 th Avenue Vancouver, B.C. V6R 4R8 September 11, 2008 SYMBOL: “MPN” on TSX-V CORPORATE UPDATE – SOMA September 11, 2008: Vancouver, British Columbia; MPAC Industries Corporation (“MPAC” or the “Company”) 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. RESOLUTION OF SCREENING The Company is pleased to advise that recent on-site visits in Turkey by two Directors with the screen manufacturer that was recommended to the Company and, subsequently, successfully tested by MPAC to resolve the screening problems experienced at the Pilot Plant, has resulted in MPAC starting the process of placing an order for two new screens for retrofitting into the existing Pilot Plant circuit. The new screens (the “Screens”), which will be delivered and installed by the manufacturer, are similar to the screen used for the tests that were announced in the August 6, 2008 News Release. The screen manufacturer, because of its interest in the Company’s endeavours, has very graciously allowed MPAC to provide favourable purchase terms for the Company to acquire and have the Screens installed at the Pilot Plant. MPAC expects the screens to be delivered to the Pilot Plant by on or around the end of this month, September 2008. In conjunction with delivery of the Screens, the Company will be retrofitting various crushing components of the Pilot Plant as well as incorporating the pre preparation of the input coal in order to test and then commence commercial production at the Pilot Plant. Other things being equal, the Company expects to be in limited production at the Pilot Plant in the early part of October of 2008. PROJECTED GROSS REVENUE AND EBITDA In anticipation of the production tonnage suggested by the consultants, MPAC has prepared a very conservative financial projection (the “Financial Projections”) on what this initial production run will mean in terms of gross revenue and the EBITDA. In preparing the Financial Projections, the Company is assuming that there will be a very gradual ramp up in production. For the first quarter, MPAC is factoring in some twenty (20) tonnes of head coal being processed per hour (instead of the suggested thirty (30) tonnes per hour). During this first quarter, the Financial Projections factor in that the Pilot Plant will operate only ten (10) hours a day instead of twenty-four (24) hours per day. The efficiency factor is set at 80% based on the past performance of the coal refining technology. For the second quarter, twenty five (25) tonnes of coal are assumed to be processed, with the Pilot Plant running fifteen (15) hours a day; and for the balance of the year, that is, the last two quarters of the year, the operation is deemed to handle thirty (30) tonnes per hour, running twenty (20) hours per day. The parameters for the Financial Projections will, other things being equal, allow for any time loss due to additional fine-tuning that may be required in the initial stages. The projected gross revenues and EBITDA (expressed in US$k) are as shown below. US$ ‘000 Q1 Q2 Q3 Q4 Gross Revenue 734 1,377 2,203 2,203 Operating Costs 410 770 1,231 1231 EBITDA 396 607 972 972 396 607 972 972   It should be noted that as production increases, the operating costs per tonne would decrease and favourably enhance the bottom line accordingly. EXISTING TURNKEY CRUSHING PLANT CIRCUIT Since delivery and installation of the turnkey crushing and screening component of the Pilot Plant circuit in the first quarter of 2008, which included a jaw crusher, a hammer crusher, a tertiary crusher, a bunker, a screen and conveyor belts, the Company has experienced many problems with the performance of the manufacturer’s equipment in relation to coal processing. Despite requests by the Company to the manufacturer, little has been provided by the manufacturer to resolve the crushing and screening problems. Consequently, MPAC has issued a demand letter to the manufacturer to return all the funds paid by MPAC to the manufacturer for breach of contract and non performance of the crushing and screening components in relation to the processing of coal at its Pilot Plant. To that end, the Company’s legal counsel in Turkey has issued an appropriate demand letter to the manufacturer. Should the manufacturer fail to respond appropriately, then the Company intends to commence legal proceedings against the manufacturer and seek to be appropriately recompensed. In the interim, in order to commence economic daily production, the Company has received recommendations to retrofit various aspects of the crushing and screening aspects of the Pilot Plant to achieve the refined coal tonnage projected above. These recommendations will be implemented in the coming weeks pending delivery of the Screens. It is anticipated that the Canadian Contractor will be returning to Turkey shortly to oversee the retrofitting of the Pilot Plant and the installation of the Screens. FUTURE CRUSHING REQUIREMENTS The Company has identified a state of the art crushing manufacturer in Turkey. Numerous visits have been made to their manufacturing facility in anticipation of placing an order for a ball mill that will crush raw coal to a consistent standard size as input material to the Coal Refining component of MPAC’s future coal refining plants in Turkey. As well, the Company plans to incorporate such a ball mill at the Pilot Plant at a future date, thereby increasing the level of production at the Pilot Plant. MPAC is very pleased to have the opportunity to develop a relationship with this ball mill manufacturer as it plans for its next coal refining operation, in addition to the Pilot Plant in Soma. Simultaneously, MPAC is in advanced negotiations with a local Turkish group that expressed a strong interest in funding the Company on a non-dilutive basis. This potential investor group has already witnessed the Pilot Plant’s ability to refine coal, has accompanied the Company’s representatives and a Director to the ball mill manufacturer and the new screen manufacturer. In the event that a mutually acceptable accommodation is arrived at in the immediate future, an order for a ball mill will be placed as well as the ancillary equipment required. Should negotiations with this local Turkish investor group not be consummated, MPAC will use the revenues from the Pilot Plant to move forward with plans to add a ball mill to the Pilot Plant and then commission blueprints for a new coal refining plant that will include a ball mill, the new screen methodology and the Canadian technology required to refine the coal. NEW COAL DEPOSIT On its most recent trip to Turkey, a senior executive of MPAC visited the location of the proposed next coal deposit that could be the subject of a Memorandum of Understanding. The new coal deposit is located very close to both road and rail transportation, power is available locally and the characteristics of the coal are particularly suitable to the Company’s coal refining process. Once the Pilot Plant is producing revenue, the Company intends to enter into negotiations to acquire the rights to this recommended coal deposit. CURRENT COAL MARKET IN TURKEY Last month, it was announced that China has concluded negotiations to purchase substantial quantities of the Russian coal available for export. That announcement has caused a ripple effect in Turkey and other countries that rely on coal imports for their domestic and industrial sectors. This announcement, coupled with custom clearance bottlenecks in Russia, has further put pressure on the supply of coal to the Turkish market. The cement industry, the main target market for the Company’s refined coal, is paying a premium to secure a stable supply of coal between 4,500 and 5,000 Kcals. Consequently, MPAC’s business model continues to be supported by both internal and external market forces affecting Turkey and its coal resources. 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 For further corporate information, please contact: FIROZ LAKHANI, Director at (604) 551-7697 BY THE ORDER OF THE BOARD _________________________________ J. RICHARD W. HALL 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 • 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: $0.045    Change: +0.02 Prices delayed up to 20 minutes