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Listing: TSX

Symbol: CYM

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TORONTO, March 10 /CNW/ - Cymat Technologies Ltd. today announced that it

has engaged Fraser MacKenzie as an advisor to assist the Company with a

non-brokered private placement of its common shares and common share warrants

for gross proceeds of a minimum of $1.5 million. Each unit will consist of one

common share and one purchase warrant with a 24 month expiry. Pricing of the

common shares will be $0.16. The warrant strike price will be $0.25 for the

first 12 months and $0.35 for the second 12 months. The transaction is

expected to close within 45 days.

This private placement was precipitated by significant European

institutional interest for Cymat treasury shares.

This funding will enhance Cymat's financial resources as it continues to

meet increased product demand from each of its three market verticals -

architectural, automotive and military. In particular, the Company anticipates

significant revenue growth in its military business. Proceeds from this

financing will be used to increase production capacity to facilitate same and

to provide general working capital.

"This financing, coupled with the substantial revenue potential from our

three target markets, will allow Cymat to accelerate sales to achieve its

primary goal of achieving profitability at the earliest possible time," said

Michael Liik, Executive Chairman of Cymat.

About Cymat:

Cymat develops innovative materials for industry. The company has

worldwide rights, through patents and licenses, for producing Stabilized

Aluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas

through molten alloyed aluminum containing a dispersion of fine ceramic

particles and can be produced as either Near-net Shapes or Flat Panels. The

result is a revolutionary material with a wide array of features including

very low density, mechanical energy absorption, thermal and acoustic

insulation, is recyclable, time and temperature insensitive and has a

relatively low cost of production. Cymat is collaborating with a number of

partners spanning the automotive, architectural and blast mitigation

industries. For further information, visit the Web site www.cymat.com.

The foregoing press release contains forward-looking statements relating

to Cymat's business, the development of markets, development programs, future

revenues and improvements in technology, and management's objectives,

strategies, beliefs and intentions which are subject to important risks and

uncertainties. Forward-looking statements are frequently identified by such

words as "may", "will", "plan", "expect", "anticipate", "intend" and similar

words referring to future events and results, including in respect of the

completion of the offering , use of proceeds and the Company's revenue growth.

The results or events predicted in these statements may differ materially from

actual results or events. Factors which could cause results or events to

differ from current expectations include the availability of funding, existing

and future relationships with suppliers and manufacturers, the results of

research and development activities, risks of technological breakthroughs that

make Cymat stabilized aluminum foam less attractive, risks relating to the

breadth, scope and enforceability of intellectual property rights, general

industry and market conditions, availability of qualified personnel, and

reliance on co-development partners. For additional information with respect

to these and other factors, see the reports filed by Cymat Technologies Ltd.

with the Ontario Securities Commission. Readers are cautioned not to place

undue reliance on these forward-looking statements as actual results may

differ materially from those expressed or implied in the forward looking

statements. Cymat Technologies Ltd. disclaims any intention or obligation to

update or revise any forward-looking statements after the date of this press

release or to revise such statements to reflect the occurrence of future

unanticipated events, except as may be required under applicable securities

laws.

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/For further information: Investors and Media: Michael Liik, Executive

Chairman, Cymat Technologies Ltd., Tel: (416) 307-4015, Email: liik@cymat.com;

Trevor Sandler, Chief Financial Officer, Cymat Technologies Ltd., Tel: (905)

696-2427, Email: tsandler@cymat.com/