McVicar appoints new Chief Financial Officer

Trading Symbol: MCV

TORONTO, Aug. 27, 2012 /CNW/ - McVicar Industries Inc. (the "Company", "McVicar") announces the appointment, subject to regulatory approval, of Mr. Colin Digout, C.A., as acting Chief Financial Officer ("CFO") of the Company, following the departure of Mr. Winfield Ding, C.A., as Chief Financial Officer of the Company.

About McVicar

McVicar Industries Inc., headquartered in Toronto, Canada, is focused on investments and acquisitions of businesses in China. At present, McVicar has operations in both electronic components and specialty chemicals in four operations in China.

This press release contains forward-looking statements which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: McVicar Industries Inc.

please contact Dr. Gang Chai, CEO, or Ms. eXavier Peterson, at:
55 University Avenue, Suite 605, Toronto, ON M5J 2H7 Tel: [phone] Fax [phone]
www.mcvicar.ca  [email protected]