Sorel-Tracy, June, 16th, 2008 - Conporec Inc. ("Conporec” or the "Company”) announces the signature of a term sheet with Hera Holdings SA (Hera), a European resource recovery and waste-to-energy leader, for a private placement of ordinary shares into the equity of Conporec.

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According to the terms of the agreement which is subject to the approval by the appropriate regulatory authorities and Conporec’s shareholders, Hera will subscribe 5,175,824 ordinary shares at the volume-weighted average price of the last 30 days of the closing price of the stock at TSX Venture Inc. (i.e.: CA$0.91), for a total investment of CA$4,710,000. The proceeds from this private placement will be used to finance the La Prade Environmental Park (Bécancour, Ca) facility currently under construction and as working capital for the Company.

The closing date of the transaction is scheduled for July 31st, upon fulfillment of the following conditions:

conclusion of the current due diligence;
execution of a technology deployment agreement;
purchase option to buy part of Conporec’s property at the La Prade Environmental Park;
a cash contribution from the major shareholder (AEK) prior to June, 30th to support the projects currently under construction or development ;
purchase option to buy part of the current shares of the major shareholder (AEK);
respective Boards approvals.
Following the conclusion of this placement, Hera will have a 27% stake in the Company and will be represented by two members on Conporec’s Board.

This technical and commercial strategic alliance, founded on the companies’ patented technologies will allow implementing innovative and world-class approaches in technology integration. Hera and Conporec will be in a position to offer perfectly adapted solutions to the North-American and European markets, combining unequalled organic and energy recovery performance with strong profitability.

"This agreement with Conporec will allow presenting a complete portfolio of organic recovery and energy production technologies. Hera is eager to implement this technological integration which is based on one of the most comprehensive, functional and performing suite of technologies in the world” declared Mr. Jordi Gallego, General Manager of Hera Holdings SA.

"The investment by Hera enables Conporec to proceed rapidly with the financing and construction of the organic waste recovery facility at the La Prade Environmental Park, whose startup is awaited by our customers and will consolidate the profitability of the company. In addition, the technological and commercial agreement with Hera will make it possible for Conporec to accelerate its growth in the international markets while offering new, effective and competitive technological solutions on the Canadian marketplace” declared Mr. Jean Beaudoin, President and CEO of Conporec.


About Hera Holdings SA

Hera Holdings SA is a private Spanish group based in Barcelona and established in Europe and South America, owner of technologies, sites and facilities dedicated to waste recovery and energy conversion.

Hera counts 15 years of existence, a team of 500 employees and more than 4000 customers worldwide. Strong of its 1,400,000 tons of waste managed yearly in its site and from its CA$180,000,000 of annual incomes, Hera is recognized in the industry as a leading environmental waste management and sustainable development solutions provider.

About Conporec

Conporec inc. develops, owns and operates various patented technologies for the treatment and the recycling of solid waste into valuable resources and energy. The company successfully delivered or is in the process of completing plants in Canada, France, United States and Australia and has also completed about thirty other installations in Canada. Conporec is a socially responsible organization listed on the Toronto Stock Exchange (Venture) and the Alternext Stock Exchange in Paris.

Alternext : ALCNX

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties or other factors that may cause actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

The TSX Venture Exchange has not approved the information contained herein and accepts no responsibility for it, nor the validity of the operation planned.



Conporec Inc.

For more information:

Jean Beaudoin
President and CEO
Conporec Inc.
Tel.: 450.746.9996
Fax: 418.527.9996
Frédéric Tremblay
HKDP Communications and public affairs
Tel.: 514.395.0375

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