TSX Venture symbol: PCI


 
PERLITE CANADA ANNOUNCES ITS RESULTS FOR ITS THIRD 
QUARTER OF 2008
September 29th, 2008

MONTREAL, QUEBEC - Perlite Canada inc. (the "company") announces hereby the results of its third quarter 2008 ended on July 31, 2008.

For that period, total sales were $950,131 generating a net loss of $103,306 compared to sales of $1,162,310 and a net loss of $14,058 for the third quarter of 2007. For the nine months period, sales were $2,922,596 generating a net loss of $213,997 compared to sales of $3,777,395 as at July 31, 2008 generating a net income of $135,705.

The sales decrease is principally due to the late opening of the St-Pacome plant which forced certain clients to buy elsewhere during that period. Also, the 2008 sales of raw perlite were less than 2007 due to the rise of coastal and terrestrial freight costs which affected the market. Concerning the net loss of $103,306 for the third quarter of 2008, it is due, in major part, to the diminution of sales, higher production costs and freight related to oil products price and the running period of our new plant. The company will rationalize its production costs during the coming months.

Despite a diminution of sales and income for the third quarter, the company considers that with their future projects (new plant, raw perlite sale), it is in a good situation growth for the upcoming months.

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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For further information, contact:

Perlite Canada Inc.
Richard Barabé
Tel.: (514) 336-6665 984-9798
Fax:(514) 336-6651