McVicar Resources private placement closing in escrow

    Trading Symbol: MCV

    TORONTO, April 3 /CNW/ - McVicar Resources Inc. ("McVicar") (TSX-V "MCV")
announces that the private placement closing announced on Friday, March 30th
was in fact closed in escrow pending necessary regulatory approvals.
Accordingly, the March 30th news release was inaccurate. McVicar intends to
complete all necessary filings as soon as possible following which the final
closing of the placement will take place and the shares will be issued and
delivered to the placees. These shares will be subject to a hold period of 4
months and one day from the date of closing.

    McVicar is a TSX Venture Exchange listed company engaged in mineral
exploration and industrial chemical production and distribution. Most of
McVicar's business activities are focused 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

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

For further information:

For further information: Dr. Gang Chai at: 55 University Avenue, Suite
605, Toronto, ON, Tel: (416) 366-7420, Fax: (416) 366-7421,

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