McVicar appoints new Director

Trading Symbol: MCV

TORONTO, Sept. 18 /CNW/ - McVicar Industries Inc. (the "Company", "McVicar") is pleased to announce the appointment of Mr. Alfred G. Wirth as a Director and Audit Committee member of the Company, subject to regulatory approval.

Mr. Wirth has over 30 years of experience in global investment and financing. Prior to joining McVicar, Mr. Wirth founded Wirth Associates Inc., investment counsel to high net worth individuals. Before that, he had served as Chief Investment Officer of Sun Life, United Funds, and Crown Life. He co-authored Euromoney's book Private Placements, and has served on many organizations including Accel Partners, American Council of Life Insurance, C.D.Howe Institute, Financial Services Commission of Ontario, Genstar Capital, Heart & Stroke Foundation, Helix Investments, Institute for Research on Public Policy, St. Andrews College, SOS Children's Villages, and Toronto Stock Exchange.

"I am delighted Mr. Wirth has joined our Board." commented Dr. Gang Chai, President and CEO of McVicar Industries Inc. "His broad knowledge and extensive experience in investments and financing greatly enhances our present board of directors, which was more on the technical and managerial side. Mr. Wirth will play an important role in profiling McVicar in the investment community".

McVicar Industries Inc. is listed on the TSX Venture Exchange (TSX.V "MCV"). The Company 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.