Investments of Pala Investments Holdings Limited in Neo Material

    TORONTO, June 25 /CNW/ - Pala Investments Holdings Limited "PIHL")
announced today that it has acquired through the facilities of The Toronto
Stock Exchange ownership of 1,102,600 common shares of Neo Material
Technologies Inc. ("NEM"). This acquisition increases its share ownership in
NEM to 19,663,900 common shares, representing, to the knowledge of PIHL,
19.37% of the issued and outstanding shares of NEM.
    PIHL has acquired the shares for investment purposes only. PIHL may
acquire additional securities if they become available at prices that are
attractive to PIHL.

For further information:

For further information: Jan Castro at 011 41 41 560 9070

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Pala Investments Holdings Limited

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