Maple Leaf Reforestation Inc. - Close of Private Placement

    (TSX-V: MPE)
    Shares Issued: 53,806,980
    Last Close: 10-27-2007 $0.96

    CALGARY, Nov. 27 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") is
pleased to announce the closing of a non-brokered private placement raising
$2,290,000.00 CAD, subject to final approval by the TSX Venture Exchange. As
previously announced on October 30, 2007 Maple Leaf's Board of Directors (the
"Board") approved a placement of up to $3 million of units. Pursuant to the
private placement, Maple Leaf will issue 1,526,667 common shares at $1.50 per
share, including 763,333 warrants exercisable at $2.00 for a period of
2 years. The shares will be subject to a hold period of four months from
October 30, 2007.
    Closing of the private placement has put Maple Leaf in a position to
begin moving forward with the Xinjiang Bio Diesel Project (the "Project").
Maple Leaf announced the signing of a Memorandum of Understanding ("MOU") in
relation to the Project on October 16, 2007. Also previously announced on
October 23, 2007 was the approval of the MOU by Maple Leaf's Board and an
initial Project advancement of $370,000.00 CAD. Maple Leaf will be advancing
$800,000.00 CAD of the funds raised from this private placement to satisfy its
investment obligations for the first operational year of the Project. Maple
Leaf President and Chief Executive Officer, Raymond Lai is very pleased with
how the details of the Project are unfolding and plans to go to China to
finalize and execute the contract with the Chinese Government Officials on
December 21, 2007.
    The Chinese government has recognized the serious shortage of diesel oil
and is hoping that Maple Leaf will be able to start the Project as soon as
possible. The Project is a complete production chain for Bio Diesel production
in a very large scale. As previously announced, the Project will include the
development of a 100,000 tonne processing plant. The Project is expected to
start generating revenue after 2 years and, upon execution, will operate for
70 years.
    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

For further information:

For further information: regarding Maple Leaf Reforestation Inc., visit or contact: Raymond Lai, President & CEO, Office (403)
668-7560, Fax: (403) 250-2534, E-mail

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