May 12, 2004

Montreal, Quebec, May 12, 2004 – Perlite Canada Inc. (TSX-V : PCI) announces that it has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities.

“We are pleased to announce that we have selected Renmark to strengthen Perlite Canada Inc. profile amongst the financial community. We believe that Renmark will enhance the Company’s visibility, thanks to its well tried investor relations strategies and methodology,” declared President and Director, Mr. Richard Barabé.

In consideration of the services to be provided, the Company has agreed to pay a monthly retainer of $3,000.00 for the first 6 months, and $4,000.00 for the balance of a one year contract to Renmark Financial Communications Inc.

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.

For further information please contact:

Perlite Canada Inc.

Richard Barabé,ing.

President and Chief Executive Officer

Chairman of the Board

Tel : 514-336-6665

Fax : 514-336-6651

info@perlitecanada.com

or

Renmark Financial Communications Inc.

Martin Lefebvre : mlefebvre@renmarkfinancial.com

Tina Cameron : tcameron@renmarkfinancial.com

Tel. : (514) 939-3989

Fax : (514) 939-3717

www.renmarkfinancial.com