Trading Symbol: MCV

TORONTO, May 3 /CNW/ - McVicar Industries Inc. (the "Company", "McVicar") is pleased to announce the appointment of Mr. Yongbiao (Winfield) Ding as Chief Financial Officer ("CFO") of the Company, subject to regulatory approval. Winfield Ding is a member of the Chartered Accountants of Ontario, and is a MBA graduate from the Chinese University of Hong Kong.

Prior to joining McVicar, Mr. Ding was an audit manager in public accounting with years of experience in auditing public companies complying with Canadian reporting and has extensive accounting and financial knowledge and experience for businesses in China. Mr. Ding will be responsible for accounting, financial management and corporate compliance of the Company.

Mr. Kevin Ming Zhang has resigned as Chief Financial Officer of the Company with thanks from the Company for his good work and is wished well in his future endeavours.

"I am pleased with the appointment of Mr. Winfield Ding to our senior management team," commented Dr. Gang Chai, President & CEO of McVicar. "Mr. Ding's financial experience and expertise are of great value."

McVicar Industries Inc. has various interests in the chemical and electronic industries in China.

This press release contains forward-looking statements which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

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

For further information: Mr. Winfield Ding, Chief Financial Officer, or Ms. eXavier Peterson at: 55 University Avenue, Suite 605, Toronto, ON, M5J 2H7, Tel: (416) 366-7420, Fax (416) 366-7421, www.mcvicar.ca, info@mcvicar.ca