April 30, 2003

PMONTREAL, – Perlite Canada Inc. is pleased to welcome a new member to its Board of Directors: Mr. Bastien Biron.

Bastien Biron is a member of Chartered Accountants of Québec and is a partner since May 2000 at the consultants firm Services Financiers R.B.A. Inc., specialized in financing and corporate transaction. He initially worked with an important chartered experts firm where he provided accounting, auditing, tax, financing and investment services. He received a bachelor degree in business in 1986 as well as a chartered degree in 1987.

Therefore, the board of directors of the Company is composed of:

Richard Barabé
Bastien Biron
Martin Joyal
Gilles Paquet
Richard Poirier

Moreover, the directors of the company have granted to 4 employees an aggregate amount of 400,000 stock options at an exercise price of $0.08 per share in order to create an incentive for these employees by offering them the possibility of acquiring a participation in the company through the purchase of its common shares and to encourage their involvement in the company’s growth. Two of these employees are Lise Lespérance and Pierrette Landry, respectively secretary and comptroller of the company.

Perlite Canada Inc. has become a leading company in Canada 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.

The TSX Venture Exchange is not responsible for the truth or accuracy of this press release.


For further information, contact:

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