Legumex Walker Promotes Anthony Kulbacki to COO of Special Crops Division & Appoints David Carefoot as CFO

WINNIPEG, Aug. 28, 2012 /CNW/ - Legumex Walker Inc. (TSX: LWP) today announced that Anthony Kulbacki has been promoted to Chief Operating Officer of its Special Crops Division and David Carefoot has been appointed Chief Financial Officer, filling the vacancy left by Mr. Kulbacki's promotion.

"Anthony brings extensive experience across all facets of the special crops industry, as well as an intimate knowledge of our own business, to this newly created role as head of our Special Crops Division," said Joel Horn, President and Chief Executive Officer, Legumex Walker Inc.  "He has proved himself to be a highly effective decision maker and problem solver.  His broad-based expertise and deep relationships within the industry will be invaluable as we continue to focus on diversifying and growing our special crops business."

Mr. Horn continued, "I am pleased to welcome David to the Legumex Walker team.  David brings to our organization an impressive track record with publicly traded companies within the Canadian agricultural sector, including his experience as CFO at Viterra.  I am thrilled by David's personal dedication to financial management, his high caliber skill set and the way he fits into our company culture. With the start up of operations at the Pacific Coast Canola processing facility just around the corner, David's expertise will carry us to the next level at a very important time for our Company."

Mr. Kulbacki has more than 15 years experience in the special crops industry, including roles in trading, operations, management and finance. He served as Chief Financial Officer for Legumex Walker Inc. since its formation in 2011 and was essential to the success of the Company's IPO, debt restructuring, corporate re-organization and recent acquisition activity.  Anthony served as the Chief Financial Officer of Walker Seeds Ltd., a predecessor company to Legumex Walker Inc., for seven years and prior thereto was President & General Manager of Blue Hills Processors Ltd. and a Special Crops Merchandiser at Richardson International. He has served on the Board of the Canadian Special Crops Association since 2004, recently completing two years as President.  He has served as a Director of Pulse Canada and was an adviser to the Board of Southern Rails Cooperative Ltd. Additionally, he currently serves as a Director of the Company's subsidiary, Pacific Coast Canola, LLC.

Mr. Carefoot is currently Chief Financial Officer of Ducks Unlimited Canada and was previously Chief Financial Officer of Empire Industries Ltd. (TSX:EIL).  Prior thereto, he spent 12 years at Viterra Inc. (formerly Agricore United) (TSX:VT), first as Vice-President, Corporate Finance and Investor Relations and then Chief Financial Officer. Before joining Viterra, Mr. Carefoot spent 12 years with Price Waterhouse.  Mr. Carefoot has served as a Director of the Canadian Wheat Board since 2008. Additionally he serves as Investment Committee Chair of the Children's Hospital Foundation of Manitoba and was formerly a Director with the Canadian Institute of Chartered Business Valuators.

About Legumex Walker Inc.

Legumex Walker is a growth-oriented processor and merchandiser of pulses (lentils, peas, beans and chickpeas), other special crops and canola products. The Company is one of the largest processors of pulses and other special crops in Canada with 11 processing facilities strategically located in key growing regions in the Canadian Prairie Provinces, the American Midwest, and China, a global sales, logistics, and distribution platform and access to multimodal transportation capabilities. In addition the Company has an 85 percent interest in Pacific Coast Canola, LLC, a company that is constructing a canola oilseed processing facility in Washington State.

This press release contains "forward‐looking information" within the meaning of Canadian securities laws, which may include, but are not limited to, statements relating to construction of the start up of operations of the Pacific Coast Canola facility and the growth of the special crops business. Such forward‐looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risk that the start of operations of the Pacific Coast Facility will be delayed and that the special crops business will not grow as anticipated. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

SOURCE: Legumex Walker Inc.

INVESTOR & MEDIA RELATIONS

Marin Landis
Manager of Investor Relations - Legumex Walker Inc.
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[phone]

Lawrence Chamberlain
TMX Equicom
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[phone] ext. 257