CYMAT Completes Private Placement Financing



    Listing: TSX
    Symbol: CYM

    TORONTO, Nov. 5 /CNW/ - Cymat Technologies Ltd. today announced that it
has completed its unsolicited and non-brokered private placement for the
amount of $2,500,000. The company issued a total of 10,000,000 Units
(comprised of a common share and one half common share warrant) at $0.25 per
Unit. Frazer Mackenzie acted as our advisor on this transaction.
    The warrants expire 18 months from closing of the transaction and have an
exercise price of $0.35.
    Proceeds from this financing will be used to increase production
capacity, reduce order cycle times, hire additional staff to accelerate sales
and provide general working capital.
    "In addition to our success with Cymat's Alusion products, demand for our
technology and products in the automotive and blast mitigation sectors has
strengthened in the recent past," said Chris Skillen CEO of Cymat." These
financial resources will allow the Company to accelerate business progress
associated with its announced strategy of commercializing its technology," he
continued.
    In additional news, Cymat and its innovative products were featured in
The History Channel's "Modern Marvels Aluminum" production. This production
was the result of a full day visit to Cymat's facility in Toronto by their Los
Angeles producer and crew. This segment has aired many times in the US and is
expected to be shown in Canada shortly.
    Cymat develops innovative materials for industry. The Company has
worldwide rights, through patents and licenses, for producing Stabilized
Aluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas
through molten alloyed aluminum containing a dispersion of fine ceramic
particles and can be produced as either Near-net Shapes or Flat Panels. The
result is a new strategic material with a wide array of benefits, including a
good stiffness-to-weight ratio, mechanical energy absorption at low stress
levels, thermal and acoustic insulation, recyclability and relatively low cost
of production. Cymat is collaborating with a number of partners spanning the
automotive, transportation and blast mitigation construction industries.

    The foregoing press release contains forward-looking statements relating
to the development of markets, development programs, future revenues and
improvements in technology, which are subject to important risks and
uncertainties. The results or events predicted in these statements may differ
materially from actual results or events. Factors which could cause results or
events to differ from current expectations include the availability of
funding, existing and future relationships with suppliers and manufacturers,
the results of research and development activities, risks of technological
breakthroughs that make Cymat stabilized aluminum foam less attractive, risks
relating to the breadth, scope and enforceability of intellectual property
rights, general industry and market conditions, availability of qualified
personnel, and reliance on co-development partners. For additional information
with respect to these and other factors, see the reports filed by Cymat
Technologies Ltd. with the Ontario Securities Commission. Cymat disclaims any
intention or obligation to update or revise any forward-looking statements.

    %SEDAR: 00024103E




For further information:

For further information: Investors and Media: Mr. Chris Skillen, CEO and
President, Cymat Technologies Ltd., Tel: (905) 696-2421, Email:
Skillen@cymat.com; Mr. Trevor Sandler, CFO, Cymat Technologies Ltd., Tel:
(905) 696-2427, Email: tsandler@cymat.com


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