McVicar appoints new Chief Financial Officer

    Trading Symbol: MCV

    TORONTO, Aug. 1 /CNW/ - McVicar Resources Inc. (the "Company", "McVicar")
is pleased to announce the appointment of Mr. Kevin Ming Zhang as Chief
Financial Officer of the Company, subject to regulatory approval. Kevin Ming
Zhang is a Certified General Accountant, a member of the Association of
Chartered Certified Accountants (ACCA, U.K.), and a member of Chinese
Institute of Certified Public Accountants. Mr. Zhang has been a senior
accountant for McVicar since February 2007.
    Prior to joining McVicar he was senior accountant with Hanfeng Evergreen
Inc. (TSX "HF") for a half year, and has over 7 years of accounting and
auditing experience in China with thorough knowledge of both Canadian GAAP and
International Financial Reporting Standards (IFRSs). Mr. Zhang will be
responsible for accounting, financial management and corporate compliance of
the Company.
    Mr. Henry Tse has resigned as Chief Financial Officer of the Company and
stays on as a director.
    "I am delighted with the appointment of Mr. Kevin Ming Zhang to our
senior management team." commented Dr. Gang Chai, President and CEO of McVicar
Resources Inc. "Mr. Zhang has been working closely with our Chinese
subsidiaries and his financial experience and expertise are of great value to
McVicar for its continuing pursuit of growth in China."

    McVicar Resources Inc. is listed on the TSX Venture Exchange (TSX.V
"MCV"). The Company has various interests in the chemical and electronic
industries 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.

For further information:

For further information: please contact Dr. Gang Chai at: 55 University
Avenue, Suite 605, Toronto, ON, M5J 2H7, Tel: (416) 366-7420, Fax (416)

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