News Release: Download PDF version MPAC INDUSTRIES CORP. Suite 508 - 4438 West 10 th Avenue Vancouver, B.C. V6R 4R8 January 22, 2008 SYMBOL: “MPN” on TSX-V CORPORATE UPDATE AND PROJECT STATUS AT SOMA SITE January 22, 2008: Vancouver, British Columbia – MPAC Industries Corp. (the “Company” or “MPAC”) is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal refining plant (the “Plant”) on the leased site (the “Leased Site”) located in the western region of Turkey close to the City of Izmir (the third largest Turkish city). As discussed in the Company’s News Release of December 6, 2007, one Company Executive and the Contractor (“Canadian Contractor”) left for Turkey on December 26, 2007. That Executive has since returned to Canada after attending the Leased Site, meeting with members of the business community, and reviewing other coal deposits. The Contractor remained in Turkey to address the Plant start-up process. The Contractor has been engaged under contract with MPAC for a period of six (6) months with an option to extend the agreement upon mutually agreed upon terms. Incidentally, this particular Contractor has over twenty-five (25) years of experience in various mining and mineral processing plants around the world. The loading and storage areas for the raw and refined coal have been inspected; the crushing and conveyor circuits have been tested and interlocked; the initial number of tailings and concentrate ponds have been constructed; the commissioning of the coal refining technology has now been completed; and the first test quantities of run-of-mine coal (“ROM Coal”) have been processed through the Plant. The ROM Coal was not introduced into the system until the required parameters had been set by the Contractor and had been fully tested. In addition, in order to test the efficiency of the Plant to its maximum level, the Company requested that the Mine Owner supply coal from a seam with a higher ash content. The ROM test Coal, with twenty-six hundred (2,600) kilocalories and an ash content of forty percent (40%) was then introduced into the Plant. A number of samples of the resulting refined coal (“Refined Coal”) have now been sent to a laboratory in Turkey. The Company expects the certified results of these tests within the next few days. However, from the initial results that are being communicated to the Company as of today, it is apparent that the Plant is operating according to MPAC’s expectations. These preliminary results indicate that the calorific value was increased from twenty-six hundred (2,600) to forty-eight hundred (4,800), an increase of about forty five percent (45%). Ash and sulphur content reductions will be reported once the final test results are known. Meanwhile, a number of ancillary equipment and Plant performance issues were identified during the commissioning and testing phase. These issues will be addressed in the next few weeks. Once completed, these adjustments will allow the Plant to be prepared for commercial production. The Turkish contractors are expected to be at the Plant later in the week to fine-tune their portion of the Plant to harmonize with the properties of the input commodity. For the balance of the current month, the Plant could undergo further test runs and process further quantities of coal. The resulting Refined Coal, after the test results have been certified, will be delivered to the Mine Owner, and the Company will be credited with this delivery in accordance with the Coal Refining Agreement. All of the coal processed at the Plant will be treated in the same manner. Barring any unforeseen circumstances, MPAC is forecasting its February 2008 Refined Coal production at 25,000 tonnes. Production target figures for March and April 2008 will be announced at a later date based upon the performance of the Plant in February. With the results obtained to date from the Plant, MPAC is not in a position to comment on the coal input / output ratios (tonnage and efficiency). Once the Plant has processed sufficient quantities of ROM Coal, the Company will be in a better position to analyze the data and make further comment. The Company is proceeding with the construction of additional concentrate and tailings ponds on the Leased Site in order to prepare for the forecast annual production of a minimum of 400,000 tonnes of Refined Coal from the Leased Site. Fortuitously, the property immediately adjacent to the Leased Site recently became available and MPAC has entered into a lease with the owner to convert that second leased property into a storage area for the Refined Coal produced. As this second adjacent property has leasehold improvements already, including a roof to shelter the finished product from the elements, the Company has capitalized early on this future expansion opportunity. The Company recognizes that it has tested the patience of the investors in the time it has taken in arriving at this stage in its development. However, there are extenuating circumstances that should be considered: working in a new country that has a very different set of business practices and procedures; delays caused by a four-day religious holiday in Turkey; the Christmas and New Years holidays; inclement weather; and the limited local availability of specialized equipment necessary to complete the Plant circuit. Despite the delays to date, the Company is very satisfied with the achievement of commissioning the various components of the Plant circuit and the initial testing of the completed integrated circuit. The Company continues to look forward to positive returns from this project according to the projections contained in the Business Plan. This news release contains forward-looking statements, which are based on MPAC Industries’ 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 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 • 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... 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(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. 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(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: $0.08    Change: 0.00 Prices delayed up to 20 minutes