Capital Valmoris Inc. announces the closing of its initial public offering

    MONTREAL, March 20 /CNW Telbec/ - Capital Valmoris Inc. ("Valmoris"), a
capital pool company in accordance with Policy 2.4 of the TSX Venture Exchange
(the "TSX-V"), is pleased to announce the closing of its initial public
offering of 3,500,000 common shares at a price of $0.20 per share for a total
amount of $700,000 to investors in the province of Québec. Desjardins
Securities Inc. acted as agent for Valmoris and received a remuneration of
$70,000 as well as a non-transferable option to purchase 350,000 common shares
of Valmoris at $0.20 per share, valid for 24 months.
    In accordance with Policy 2.4 of the TSX-V, the common shares of Valmoris
will be admitted for trading on the TSX-V under the ticker symbol VMO.P at the
opening of the market on March 20, 2008.

    The TSX-V does not accept responsibility for the adequacy or accuracy of
    this release.
    %SEDAR: 00026283EF

For further information:

For further information: Yves Morissette, President, Capital Valmoris
Inc., (450) 655-1887

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