MPN Mpac Industries Corp (Tier2)

MPAC Industries Corporation (the "Company") (TSX VENTURE:MPN) announces that,
further to its News Release of June 23, 2008, pursuant to the conditional
acceptance from the Exchange received May 26, 2008, it has closed the
non-brokered private placement (the "Placement") comprised o 3,200,000 units
with five (5) placees at a price of $0.08 per unit (the "Unit") for a total of
$256,000. One (1) insider has purchased 500,000 of the Units or approximately
fifteen percent (15%) of the Placement. Final acceptance for the close of the
Placement will now be sought from the Exchange.


Each Unit is comprised of one (1) common share of the Company (the "Share") and
one (1) non-transferable one (1) year share purchase warrant (the "Warrant").
Each Warrant entitles the holder to purchase one (1) additional Share of MPAC at
a purchase price of $0.12 if exercised within twelve (12) months from the date
of closing (the "Closing").


The shares allotted and issued pursuant to the private placement are subject to
a hold period and may not be traded in British Columbia until December 4, 2008,
except as permitted by the British Columbia Securities Act and Regulations made
thereunder. In addition, without prior written approval of the TSX Venture
Exchange and compliance with all applicable securities legislation, the shares
may not be sold, transferred, hypothecated or otherwise traded on or through the
facilities of the TSX Venture Exchange or otherwise in Canada or to or for the
benefit of a Canadian resident until December 4, 2008.


BY THE ORDER OF THE BOARD

J. Richard W. Hall, President & CEO

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