McVicar Director Retires

    Trading Symbol: MCV

    TORONTO, June 30 /CNW/ - McVicar Industries Inc. ("McVicar" or the
"Company") announces that Raymond Morley ("Ray") has retired from the board of
directors. Ray was a founding director in the original formation of McVicar
with Gang Chai, current President and CEO, back when the company was named
McVicar Minerals Inc. in the late 1990's. Ray continued as a director through
the many changes in the Company, the reverse take-over of McVicar Minerals
Inc. with Hanfeng Evergreen Inc. and the subsequent spin-off of its resource
properties to McVicar Resources Inc., to its current position in the chemical
and technology industry as McVicar Industries Inc.
    Ray's experience and insight helped guide McVicar in its financing and
continuous growth. His contributions to the Company will be remembered.

    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: Ms. eXavier Peterson at: 55 University Avenue,
Suite 605, Toronto, ON, M5J 2H7, Tel: (416) 366-7420, Fax (416) 366-7421,

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McVicar Industries Inc.

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