Loubac Top Environmental Inc. Announces Private Placement and Management Changes

Loubac Top Environmental Inc. (the "Company") wishes to announce that the Company has negotiated a private placement of up to 3,000,000 shares at $0.10 each. Proceeds from the private placement will be used to pay off the Company's existing debts and to provide the Company with working capital to enable it to move forward and find and develop a new business. The private placement is subject to regulatory approval.

Concurrently, Management wishes to announce that Messrs. James Walchuck and Robert McMorran have been appointed directors of the Company with Mr. Walchuck also being appointed President and CEO. The two new directors replace two former directors, namely, James L. Harris (who remains corporate secretary) and Harvey Lawson, who have each resigned as directors. Management wishes to thank each of them for their contributions to the Company. Mr. Gunther Roehlig remains a director of the Company.

Mr. Walchuck is a Professional Engineer with over twenty nine years of domestic and international experience in the minerals industry. Mr. Walchuck has served as President and CEO of Tournigan Gold Corporation, a company listed on the Exchange, with advanced gold and uranium/molybdenum projects in Europe. He was also previously Manager Mining for Barrick at the Bulyanhulu Gold Mine in Tanzania.

Mr. McMorran is a chartered accountant with over 25 years experience in the mining industry. Mr. McMorran has held numerous board positions and senior officer appointments with various public companies.


On Behalf of the Board of Directors

"James Walchuck"

James Walchuck, President


For more information, please contact:
Mr. Gunther Roehlig, Director
Telephone: (604) 683-0911
Facsimile: (604) 683-7161