McVICAR RESOURCES INC.



NEWS RELEASE



April 25, 2008
Trading Symbol: MCV





McVicar Resources Inc. Announces Private Placement



Toronto, Ontario - April 25, 2008 - McVicar Resources Inc. (the "Company")
(TSXV: MCV) announces that it has engaged Jennings Capital Inc. (the
"Agent") to act as agent to sell, on a best efforts basis, by way of
private placement, 2,000,000 units of the Company at a price of $1.50 per
unit, for gross proceeds of $3,000,000. Each unit will consist of one common
share and one-half of one common share purchase warrant. Each whole warrant
will be exercisable into one common share for a period of two years from
closing at an exercise price of $2.00 per share.

The units will be issued pursuant to applicable prospectus and registration
exemptions and will be subject to a four-month hold period. The offering is
expected to close on May 8, 2008 and is subject to the approval of the TSX
Venture Exchange.

The net proceeds from the offering will be used to fund the acquisition and
upgrade of the newly purchased Luyuan Chemical Co. Ltd. and for general
working capital purposes.

The Company will pay the Agent a cash commission equal to 6% of the
aggregate gross proceeds of the offering and issue to the Agent
non-transferable broker warrants (the "Broker Warrants") to acquire that
number of shares that is equal to 6% of the aggregate number of units
purchased through the offering. Each Broker Warrant will be exercisable into
one share at the issue price at any time prior to the date that is 24 months
from the closing of the offering.

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

For further Information, please contact Ms. eXavier Peterson at: 55
University Avenue, Suite 605, Toronto, Ontario, M5J 2H7 Tel: (416)366-7420,
Fax (416)366-7421, email: info@www.mcvicar.ca


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