McVicar amends acquisition of additional Jite share purchase



    Trading Symbol: MCV

    TORONTO, Sept. 19 /CNW/ - McVicar Resources Inc. ("McVicar") announces
that the Company has reduced its purchase of the shares of Jite Technologies
Inc. ("JITE") from 7,576,500 to 6,122,750 common shares (being 5.8% of the
issued shares of JITE) from four shareholders rather than five shareholders as
announced Sept. 10, 2007. McVicar will purchase the shares for a total
consideration of $3,061,375 or $0.50 per share to be satisfied by the issuance
of 2,354,904 shares of McVicar Resources at a deemed issue price of $1.30 per
McVicar share.
    JITE Technologies, which was listed on the TSX Venture Exchange in July
of 2006, designs and manufactures electronic connection devices for use in
elevators, railways, security, and automation systems. JITE is headquartered
in Toronto, Canada and carries out its research and manufacturing operations
in Shenzhen, China.
    Closing of the acquisition is subject to due diligence reviews by all
parties and other conditions including compliance by the vendors with all
applicable notice and other regulatory preconditions to the sale and the
approval of all regulatory authorities having jurisdiction including, but not
limited to the TSX Venture Exchange.
    This acquisition will result in an increase in McVicar's holdings in Jite
from 43,096,000 to 49,218,750 shares or 46.7%. McVicar is purchasing these
shares of JITE for investment purposes and McVicar has no plans to acquire any
additional shares of JITE at this time.

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





For further information:

For further information: Dr. Gang Chai at: 55 University Avenue, Suite
605, Toronto, ON, Tel: (416) 366-7420, Fax: (416) 366-7421, www.mcvicar.ca

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MCVICAR RESOURCES INC.

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