Perlite Canada Inc. Announces its Results for its First Quarter of 2008

MONTREAL, QUEBEC, Mar 31 (MARKET WIRE) --
Perlite Canada inc. (TSX VENTURE: PCI) (the "company") announces hereby
the results of its first quarter 2008 ended on January 31, 2008.

The management of Perlite Canada inc. presents to the shareholders the
results of the first quarter of 2008 ended on January 31, 2008. For that
period, total sales were $947,896 generating a before-tax loss of $71,336
compared to sales of $1,202,768 and a before-tax income of $87,217 for
the first quarter of 2007. The sales decrease of 21% is due to two
factors. In the first place, sales of the New Brunswick's plant were
almost non-existent for the first quarter of 2008 compared to the first
quarter of 2007 (around $104,000). Secondly, in November 2006 we had a
client who made special purchases of approximately $103,000 of Perlite
Canada's perlite because at that time he was not able to meet all his
needs with his own perlite. Concerning the loss of $71,336, it is due,
in major part, to the diminution of sales but also to the increase of the
production costs and the development and administration fees related to
the construction of the new plant in Saint-Pacome.

The company however foresees the 2008 year with optimism following the
mid-march beginning of operations of its new plant in Saint-Pacome
together with a new pricing policy that will level off, in major part,
the increase of the production costs.

Perlite Canada Inc. specializes in the processing, distribution and sale
of perlite and vermiculite, two minerals used in industry and
horticulture.

The common shares of Perlite Canada inc. are listed for trading on the
TSX Venture Exchange.

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

Contacts:
Perlite Canada Inc.
Richard Barabe
514-336-6665 / 514-984-9798
514-336-6651 (FAX)

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