Maple Leaf Reforestation Inc. - Private placement adjustment



    (TSX-V: MPE)
    Shares Issued: 55,931,980
    Last Close: 12-11-2007 $1.13

    CALGARY, Dec. 11 /CNW/ - Maple Leaf Reforestation ("Maple Leaf") would
like to inform its shareholders of a change to the amount of the funds raised
from the recently announced private placement. On November 27, 2007 Maple Leaf
announced that it had raised, subject to TSXV approval, $2,290,000.00 through
the issuance of 1,526,667 common shares at $1.50. Unfortunately, one
subscriber was unable to fulfil the required financial obligations before the
deadline. As a result, the new total raised from the private placement is
$2,170,000.00, through the issuance of 1,446,667 common shares. Maple Leaf
will not be taking any action with regards to enforcing this unmet obligation.
Maple Leaf is still in the process of obtaining final approval of the private
placement from the TSXV.

    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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