Investor Financial Information - Press Release


Normiska Announces Key Results For The Six Months Ended April 30, 2001

July 5, 2001

MISSISSAUGA, ONTARIO -- Normiska Corporation (CDNX - NCO) is pleased to announce that the key results from operations for the six months ended April 30, 2001. The growth in sales revenue reflects the integration of Normiska's perlite and vermiculite expanding facility in Lachine, Quebec coupled with increased capacity at Lachine and at the sphagnum peat and bark processing site in Fort Frances, Ontario.

April 30, 2001 April 30, 2000 Increase
Sales $4,843,845 $1,877,684 158%
Gross Profit $1,297,606 $ 919,069 41%
EBITDA $ 685,873 $ 499,440 37%

Normiska's core business is the production, manufacturing and sale of horticultural raw materials.

Normiska Corporation manufactures vermiculite and perlite, harvests peat moss and manufactures jack pine bark composts and mulches for the horticultural industry with production plants in Lachine, Quebec and Fort Frances, Ontario.

Normiska has 6,352,202 common shares issued and outstanding.

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FOR FURTHER INFORMATION PLEASE CONTACT:

John M. Arnold, Chairman and CFO
David Graham, President and CEO
(905) 816-2334 (PHONE)
(905) 816-1339 (FAX)
e-mail: normisk1@on.aibn.com
Web: www.normiska.com

No securities commission or stock exchange has approved or disapproved of this news release.