News Release: Download PDF version MPAC INDUSTRIES CORP. Suite 508 - 4438 West 10 th Avenue Vancouver, B.C. V6R 4R8 January 14, 2009 SYMBOL: “MPN” on TSX-V NEWS RELEASE January 14, 2009, 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. REPLACEMENT CRUSHING CIRCUIT The Company is pleased to advise that, in concert with the December 3, 2008 News Release, it has agreed in principle with E.E. Madencilik Dagitim Sanay Ticareti ve Pazarlama Ltd. Sti (“E&E”) to acquire, on a lease-to-purchase basis, a rod mill capable of processing up to forty (40) tonnes per hour of coal, a crusher, a coal washer, a bucket loader, slurry pumps, a kiln and additional screens (collectively, the “Equipment”) for approximately US$625,000 FOB the Company’s Pilot Plant in Soma, Turkey. In addition, the supplier of the equipment will also finance the transportation, insurance and assist in the installation of the Equipment at the Pilot Plant. A binding agreement setting out the lease-to-purchase terms will be signed shortly. All of the crushing and ancillary equipment is to be delivered to the Pilot Plant on a lease-to- purchase basis. Key aspects of this arrangement are: For the first three months after refined coal production has commenced, there will be no payments due or payable; MPAC, at its sole discretion, can reject any equipment not deemed suitable for the Pilot Plant and the lease-to-purchase price will be adjusted accordingly. In addition, the rejected equipment shall be removed or caused to be removed from the Pilot Plant on a timely basis and at no cost to MPAC; The lease to purchase payments will be made by way of installment payments based on US$15 per tonne of clean coal delivered until the initial US$625,000 has been paid; Once the total purchase price has been paid, E&E will be paid a bonus (the “Bonus”) of US$10 per tonne of clean coal delivered, until E&E has received an additional US$625,000; and After the FOB Purchase price and the Bonus has been paid in full, the Equipment will be transferred to MPAC or its subsidiary, as directed by MPAC, as a fully paid asset of the Company, free and clear of any and all financial encumbrances Both MPAC and E & E in concert with the supplier will work together to coordinate the delivery and installation of the Equipment and the infrastructure, so as to ensure a timely and expedient Representatives of the lease-to-purchase crushing equipment in Turkey have advised that, barring any unforeseen events and subject to the Company raising the necessary funds, the replacement crushing circuit can be transported to the Soma Pilot Plant, assembled and be ready to process coal during the latter part of the first quarter of this year. To that end, MPAC has already authorized the commencement of the Pilot Plant site preparation to accommodate the new crushing circuit. This work is scheduled to begin in the week of January 19, 2009. AMENDED FINANCIAL PROJECTIONS BASED ON LEASE-TO-PURCHASE AGREEMENT The Company had disclosed certain expected financial information in its News Release of September 11, 2008. Those projections were calculated in anticipation of the production tonnage suggested by the consultants based on the Gayret Makina crushing circuit throughput. Those financial projections (the “Financial Projections”) were based on what the initial production run would have meant in terms of gross revenue and EBITDA. The Company has revised those Financial Projections, based on the capacities of the lease-to- purchase equipment. Again in this case, 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 rated circuit capacity of forty (40) tonnes per hour). During this first quarter, the Financial Projections assume 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 75% in the model, conservatively based on the past performance of the coal refining technology. For the second quarter, thirty (30) 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 process forty (40) 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 cash flow is shown below. US$ ‘000 Q1 Q2 Q3 Q4 Gross Inflows 641 1,461 2,566 2,566 Gross Outflows 418 758 1,255 1,366 Lease Payments - 457 793 - Cash Flow 223 246 518 1,200 It should be noted that as production increases, the operating costs per tonne would decrease and CANADIAN CONTRACTOR The Company’s Canadian contractor (the “Contractor”) inspected the main components of the proposed replacement lease-to-purchase crushing circuit equipment prior to returning to Canada for the Christmas break (see MPAC Corporate News Release dated December 3, 2008). The Company plans to have the Contractor return to Turkey in time for the testing of the replacement crushing circuit for the Pilot Plant. EXISTING CRUSHING CIRCUIT As identified in previous News Releases, the current turnkey crushing circuit has been unable to perform at even minimal levels of warranted tonnage which has left the Company with no other option other than to obtain a replacement crushing circuit and initiate legal proceedings against the manufacturer of the turnkey crushing circuit – Gayret Makina. MPAC has gone to extraordinary lengths to get the turnkey crushing circuit operational and has suffered significant revenue loss, which forms part of the damages claimed against Gayret Makina. With the pending arrival of the lease-to-purchase equipment, the Company will be dismantling and storing all of the equipment provided by the Turkish manufacturer Gayret Makina in a secure location while the litigation initiated by the Company against Gayret Makina continues on course. CURRENT PRIVATE PLACEMENT The Company continues its efforts to raise the $75,000 required. To date, $34,500 has been confirmed and or received with an additional $20,000 committed. As in the past, certain Directors have committed funds to the private placement in order to support MPAC financially. Despite the world wide economic crisis, the Company is very optimistic that the minimum target threshold of the current private placement will be met or exceeded. GRANT OF INCENTIVE STOCK OPTIONS The Company also announces the granting of an aggregate of 50,000 incentive stock options to a consultant of the Company in accordance with the Company’s incentive stock option plan and policies established by the board of directors designed to attract, retain and motivate industry, business and finance professionals. The options are exercisable at a price of $0.05 until January 14, 2011. CONCLUDING REMARKS With continued fortitude, persistence and good fortune, the Company looks forward to meeting and exceeding the challenges of 2009. As always, the Company very much appreciates the ongoing support of its existing shareholders and the continued interest of the investment community in the business affairs of MPAC. BY THE ORDER OF THE BOARD _________________________________ J. RICHARD W. HALL President & CEO 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 performance 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. 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. For further corporate information, please contact: FIROZ LAKHANI, Director at (604) 551-7697

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