Maple Leaf Reforestation Inc. - Corporate update



    
    (TSX-V: MPE)
    Shares Issued: 55,931,980    Last Close: 1-10-2008 $0.79
    

    CALGARY, Jan. 10 /CNW/ - Maple Leaf Reforestation ("Maple Leaf") is
pleased to provide the following updates on its corporate activities:

    Maple Leaf Anti-Desertification Foundation Fund (the "Fund")

    Maple Leaf's President & CEO, Raymond Lai ("Mr. Lai") is very pleased to
announce that the "Maple Leaf Anti-Desertification Foundation Fund" was
officially announced at an opening ceremony in Beijing on December 23, 2007. 
The opening ceremony was well attended, with numerous high Chinese Government
officials being present.  The ceremony was broadcast across China, Maple Leaf
was recognized on the front-page of a Chinese magazine that publishes
1,000,000 copies of each edition and a DVD of the ceremony was provided to
Maple Leaf. The video of the ceremony will be posted on Maple Leaf's website
in the near future.

    Xinjiang Yellowhorn Trees Project (the "Project")

    Mr. Lai is pleased to report that the Project agreement has been executed
under the previously announced terms and  is advancing ahead of schedule:

    
    -   An operation base has been set up in Xinjiang, and Maple Leaf has
        commenced a land selection process, whereby they will choose the most
        suitable land from the pool of the government offered land;

    -   Maple Leaf has purchased 80,000 Yellowhorn tree seedlings. The
        seedlings have been planted in the greenhouses and will be ready for
        transplanting in April 2008. Once these trees are producing
        Yellowhorn fruit, Maple Leaf will be able to extract cooking oil from
        the fruit. This cooking oil currently sells for $200 RMB
        (approximately $1400 CAD) a kilogram;

    -   Following the Government of China's recommendation to use Yellowhorn
        trees to combat desertification, the tree seedlings are now in short
        supply. Maple Leaf is very pleased to announce that it has retained
        the services of Professor Li, a scientist in the forestry field.
        Mr. Li has invented a technique by which seedlings are obtained
        through germinating root from the leaves and branches of the
        Yellowhorn trees. This process produces approximately 8,000 seedlings
        from each tree in a very short period of time and at a lower cost
        than buying the seedling on the open market;

    -   Maple Leaf plans to plant 1 million Yellowhorn trees in 2008, which
        will commence in April. At this time, an opening ceremony similar to
        that held for the Fund will be carried out and broadcast across
        China.

    Inner-Mongolia Seedling Operations

    Mr. Lai would like to report the following updates from Maple Leaf's Inner
Mongolia operations:

    -   Difficulties with the start-up of the greenhouse has led to the loss
        of approximately 6 million seedlings;

    -   Fulfillment of three of Maple Leaf's previously announced agreements
        will re-commence in the spring of 2008. These agreements have a total
        value of $51,800,000 RMB (approximately $7,200,000 CAD);

    -   To date, Maple Leaf has shipped out 150,000 seedlings in connection
        with the remaining three agreements;

    -   Maple Leaf is no longer under agreement to provide the seedling for
        two of its previously announced agreements, namely, the
        Sanya Zhonghai Fishing Co. Ltd. agreement, for 6,315,000 seedlings
        and the Shaanxi Funong Alfalfa Feeds Co. Ltd. agreement, for
        7,740,000 seedlings;

    -   Management is working diligently to secure new sales agreements.
        Negotiations have been ongoing with several entities and Maple Leaf
        is optimistic that finalizing these agreements will compensate for
        the two agreements that it will no longer be fulfilling.
    

    Frankfurt Exchange Dual-Listing

    The application to the Frankfurt Stock Exchange ("FWB" -- Frankfurter
Wertpapierb) in Germany is proceeding. Maple Leaf is in the process of seeking
additional capital funding for the Project from various European-based
investment banking institutions. Mr. Lai plans on meeting with various
investment bankers and investor relations brokers in Frankfurt in the near
future.
    It is Maple Leaf's belief that the FWB is a well respected exchange in
Europe. With approximately 7,000 listings, the FWB is one of the largest stock
markets in the world and will provide more liquidity to Maple Leaf. Maple Leaf
feels as though a listing on the FWB will be a major catalyst for increasing
corporate visibility and helping to attract European institutional and
individual investors.
    Maple Leaf's primary mission is to provide top quality, value added
nursery seedlings and modern Canadian tree growing technology to assist China
in solving its desertification problems. Maple Leaf currently has over
6,000,000 various types of seedlings under cultivation in our 110,000 square
foot greenhouse.

    The TSX Venture Exchange does not accept responsibility
    for the adequacy or accuracy of this release.

    Certain statements in this news release including (i) statements that may
contain words such as "anticipate", "could", "expect", "seek", "may" "intend",
"will", "believe", "should", "project", "forecast", "plan" and similar
expressions, including the negatives thereof, (ii) statements that are based
on current expectations and estimates about the markets in which Maple Leaf
operates and (iii) statements of belief, intentions and expectations about
developments, results and events that will or may occur in the future,
constitute "forward-looking statements" and are based on certain assumptions
and analysis made by Maple Leaf. Forward-looking statements in this news
release include, but are not limited to, statements with respect to future
capital expenditures, including the amount, nature and timing thereof; other
development trends within the China's seedling industry; business strategy;
expansion and growth of Maple Leaf's business and operations and other such
matters. Such forward-looking statements are subject to important risks and
uncertainties, which are difficult to predict and that may affect Maple Leaf's
operations, including, but are not limited to: the impact of general economic
conditions; industry conditions; government and regulatory developments;
seedling product supply and demand; competition; and Maple Leaf's ability to
attract and retain qualified personnel. Maple Leaf's actual results,
performance or achievements could differ materially from those expressed in,
or implied by, these forward-looking statements and, accordingly, no assurance
can be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do transpire or occur,
what benefits Maple Leaf will derive therefrom. Subject to applicable law,
Maple Leaf disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
    All forward-looking statements contained in this document are expressly
qualified by this cautionary statement. Further information about the factors
affecting forward-looking statements is available in other disclosure
documents of Maple Leaf which have been filed with Canadian provincial
securities commissions and are available on www.sedar.com.





For further information:

For further information: regarding Maple Leaf Reforestation Inc., visit
www.mlreforestation.com or contact: Raymond Lai, President & CEO, Office (403)
668-7560, Fax: (403) 250-2534, E-mail rlai@mlreforestation.com

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MAPLE LEAF REFORESTATION INC.

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