Maple Leaf Reforestation Inc. - Retraction of News Release



    (TSX-V: MPE)

    TORONTO, March 17 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf" or
the "Company") would like to retract its earlier news release which provided
details of an initiating report (the "Report") prepared by E-Research,
Independent Equity Research Corp. ("E-Research) based out of Toronto, Ontario.
The Report has been independently prepared by E-Research and does not
necessarily reflect the Company's opinion as to their current or future
projects. The Report will still be available to investors through E-Research's
website.
    Maple Leaf's primary mission is to provide top quality, value added
nursery seedlings and services for reforestation and landscaping projects in
China through a 100% Wholly Owned Foreign Enterprise registered company. 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.

    %SEDAR: 00022303E




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; CHF
Investor Relations: Catarina Cerqueira, Office: (416) 868-1079, Fax: (416)
868-6198, E-mail: catarina@chfir.com

Organization Profile

MAPLE LEAF REFORESTATION INC.

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