Perlite Canada - Press Release, June 29, 2010 - Results for Second Quarter 2010

MONTREAL, QUEBEC -- Perlite Canada inc. (the "company") announces hereby the results of its second quarter 2010 ended on April 30, 2010.

For the second quarter that ended April 30, 2010 (the "2nd Quarter 2010") the Company generated revenues of $2,316,293 compared to $2,343,452 during the second quarter that ended April 30, 2009. For the six months period ended on April 30, 2010, Company's business income was $3,924,464 compared to $3,684,912 for the same six months period in 2009 which represent an increase of approximately 6,5 %.

The Company recorded an income before taxes of $70,097 for the 2nd Quarter 2010 compared to a loss before taxes of $122,295 for the second quarter of 2009. For the six months period ended on April 30, 2010, the Company recorded a loss before taxes of $32,923 compared to a loss before taxes of $449,825 for the same period in 2009.

The Company generated a net income of $54,702 for the 2nd Quarter 2010 compared to a net loss $125,264 for the first quarter that ended on April 30, 2009. For the six months period ended on April 30, 2010, the Company generated a net loss of $11,632 compared to a net loss of $351,587 for the same period in 2009.

Perlite Canada Inc. specializes in the processing, distribution and sale of perlite and vermiculite, two minerals used in industry and horticulture.

The common shares of Perlite Canada Inc. are listed for trading on the TSX Venture Exchange.

Certain statements in this news release may contain forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to differ materially from those expressed in the forward-looking statements. Perlite Canada inc. does not assume responsibility for the accuracy and completeness of the forward-looking statements and do not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

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

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