$3 Million Private Placement of Units

    (TSX-V: MPE)
    Shares Issued: 53,733,660
    Last Close: 10-29-2007 $1.41

    CALGARY, Oct. 30 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") is
pleased to report that its Board of Directors have approved a non-brokered
private placement of up to $3 Million of units at $1.50 per unit. Each unit
consists of one common share of the Corporation and one half of one common
share purchase warrant, each whole common share purchase warrant entitling the
holder to purchase one common share at an exercise price of $2.00 per common
share for a period of two years from the date of issuance.
    While the private placement is non-brokered, Maple Leaf may pay
commissions, including broker warrants, to registered dealers who obtain
subscriptions for the private placement.
    Maple Leaf intends to use the proceeds from the private placement to
proceed with the Xinjiang project, announced in Maple Leaf's news release on
October 16, 2007, to expand its sales and marketing campaign, and for general
working capital.
    The private placement is subject to approval of the TSX Venture Exchange.
Common shares sold under the financing will be subject to a four month hold
    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 its 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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