Maple Leaf Green World Inc. N.MGW

PP

[nearnorth101]

$3 Million Private Placement of Units

CALGARY, Oct. 30, 2007 (Canada NewsWire via COMTEX News Network) --

(TSX-V: MPE)

Shares Issued: 53,733,660

Last Close: 10-29-2007 $1.41

CALGARY, Oct. 30 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") is pleased to report that its Board of Directors have approved a non-brokered private placement of up to $3 Million of units at $1.50 per unit. Each unit consists of one common share of the Corporation and one half of one common share purchase warrant, each whole common share purchase warrant entitling the holder to purchase one common share at an exercise price of $2.00 per common share for a period of two years from the date of issuance.

While the private placement is non-brokered, Maple Leaf may pay commissions, including broker warrants, to registered dealers who obtain subscriptions for the private placement.

Maple Leaf intends to use the proceeds from the private placement to proceed with the Xinjiang project, announced in Maple Leaf's news release on October 16, 2007, to expand its sales and marketing campaign, and for general working capital.

The private placement is subject to approval of the TSX Venture Exchange. Common shares sold under the financing will be subject to a four month hold period.

Maple Leaf's primary mission is to provide top quality, value added nursery seedlings and modern Canadian tree growing technology to assist China in solving its desertification problems. Maple Leaf currently has over 6,000,000 various types of seedlings under cultivation in its 110,000 square foot greenhouse.

The TSX Venture Exchange does not accept responsibility

for the adequacy or accuracy of this release.

Certain statements in this news release including (i) statements that may contain words such as "anticipate", "could", "expect", "seek", "may" "intend", "will", "believe", "should", "project", "forecast", "plan" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute "forward-looking statements" and are based on certain assumptions and analysis made by Maple Leaf. Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the China's seedling industry; business strategy; expansion and growth of Maple Leaf's business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and that may affect Maple Leaf's operations, including, but are not limited to: the impact of general economic conditions; industry conditions; government and regulatory developments; seedling product supply and demand; competition; and Maple Leaf's ability to attract and retain qualified personnel. Maple Leaf's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do transpire or occur, what benefits Maple Leaf will derive therefrom. Subject to applicable law, Maple Leaf disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

All forward-looking statements contained in this document are expressly qualified by this cautionary statement. Further information about the factors affecting forward-looking statements is available in other disclosure documents of Maple Leaf which have been filed with Canadian provincial securities commissions and are available on www.sedar.com.

SOURCE: Maple Leaf Reforestation Inc.

regarding Maple Leaf Reforestation Inc., visit www.mlreforestation.com or contact: Raymond Lai, President & CEO, Office [phone], Fax: [phone], E-mail [e-mail]

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