TSX Venture symbol: PCI


 
PERLITE CANADA INC. ANNOUNCES ITS RESULTS FOR ITS
FIRST QUARTER OF 2008
Montreal, March 31, 2007

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

The management of Perlite Canada inc. presents to the shareholders the results of the first quarter of 2008 ended on January 31, 2008. For that period, total sales were $947,896 generating a before-tax loss of $71,336 compared to sales of $1,202,768 and a before-tax income of $87,217 for the first quarter of 2007. The sales decrease of 21% is due to two factors. In the first place, sales of the New Brunswick's plant were almost non-existent for the first quarter of 2008 compared to the first quarter of 2007 (around $104,000). Secondly, in November 2006 we had a client who made special purchases of approximately $103,000 of Perlite Canada's perlite because at that time he was not able to meet all his needs with his own perlite. Concerning the loss of $71,336, it is due, in major part, to the diminution of sales but also to the increase of the production costs and the development and administration fees related to the construction of the new plant in Saint-Pacome.

The company however foresees the 2008 year with optimism following the mid-march beginning of operations of its new plant in Saint-Pacome together with a new pricing policy that will level off, in major part, the increase of the production costs.

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.

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