Maple Leaf Reforestation Inc. - Engagement Agreement

    (TSX-V: MPE)
    Shares Issued: 55,931,980
    Last Close: 12-19-2007 $0.98

    CALGARY, Dec. 20 /CNW/ - Maple Leaf Reforestation ("Maple Leaf") is
pleased to announce that it has entered into an engagement agreement with
EmBay Capital Banquo Ltd. ("EmBay"). EmBay has been retained to assist with
Maple Leaf accessing the European capital markets and to act as the principal
facilitator in connection with applying for a cross-border dual-listing on the
Frankfurt Stock Exchange ("FWB"). As principal facilitator EmBay will provide
the following services:

    -   locate a designated sponsor for the FWB listing application;

    -   advise on proper share structure;

    -   select a market-maker, trading platform and brokerage firm to
        facilitate trading activities;

    -   liaise and work with legal and other professionals during the
        regulatory application process;

    -   assist with setting up overseas trading accounts; and

    -   if separately contracted for, assist with corporate financing and
        investor relations activities.

    Maple Leaf's President and CEO, Mr. Raymond Lai, is extremely enthused
about Maple Leaf having an opportunity to enter the European market. In
particular, Mr. Lai believes that the German market will fit well with Maple
Leaf's Xinjiang Project, given the country's high levels of consumption and
production of bio diesel. Mr. Lai is very pleased that this agreement has been
finalized prior to his departure for China on December 21, 2007, where he
plans to execute the Xinjiang Project contract and attend the press conference
announcing the creation of the "Maple Leaf Anti-Desertification Foundation
    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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