McVicar announces normal course issuer bid fulfilled

Trading Symbol: MCV

TORONTO, Jan. 5, 2012 /CNW/ - McVicar Industries Inc. ("McVicar" or the "Company") today is pleased to announce that it fulfilled a normal course issuer bid (the "Bid") pursuant to which McVicar purchased the maximum of 1,800,000 common shares in the capital of McVicar (the "Shares"), representing approximately 4.8% of its 37,427,320 issued and outstanding common shares as at January 4, 2011.

All Shares purchased pursuant to the Bid have been or will be cancelled and returned to treasury.

Forward looking statement:

This press release contains forward-looking statements which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE McVicar Industries Inc.

For further information:

Please contact Ms. eXavier Peterson or Winfield Yongbiao Ding, CFO at: 55 University Avenue, Suite 605, Toronto, ON M5J 2H7 Tel: (416)366-7420 Fax (416)366-7421

Profil de l'entreprise

McVicar Industries Inc.

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