Normiska Announces Private Placement July 27, 2001 MISSISSAUGA, ONTARIO -- Normiska Corporation (CDNX - NCO) is pleased to announce the closing of a private placement to issue 1,428,571 common shares at a price of $0.70 per share. The shares are restricted from trading until November 24, 2001. 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 will have 7,780,773 common shares issued and outstanding following the completion of this issue. WATCH US GROW! 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.