Normiska Announces Purchase Of Outstanding Debt By A Private Group March 12, 2004 GUELPH, ONTARIO -- Normiska Corporation (CDNX - NCO) is pleased to announce that a private group, some of which are related parties, have purchased the Company's currently outstanding bank debt of $3,100,000 from the Company’s lender. John Arnold, Chairman of Normiska said that the group is also providing additional funds which will enable the Company to complete planned capital expenditures and expansion as well as finance necessary working capital. David Graham, President and C.E.O. of Normiska Corporation said this vote of confidence from the shareholders will enable the Company to expand and better service its customers. "The provision of additional working capital will enable us to further expand our production capacity. This will help us to achieve the economies of scale we need through the expansion of our peat harvesting areas at Normiska’s Organics Division. Process modifications planned for the Mineral Division will increase capacity and allow for the development of new industrial and horticultural markets for the company’s perlite and vermiculite products" said Mr. Graham. Normiska Corporation trades under the symbol NCO on the TSX Venture Exchange and has 9,209,344 common shares in issue. WATCH US GROW! For information please contact: John Arnold at Tel: 519 780 0955 Ext. 101 Fax: 519 780 0790 Email: john@normiska.com David Graham at Tel: 519 780 0955 Ext. 102 Fax: 519 780 0790 Email: david@normiska.com The TSX Venture Exchange has not reviewed and does not accept responsibility of the adequacy or accuracy of this release.