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McVicar shareholders elect new director and approve name change

01 Jul 2008 - McVicar Resources Inc. ("McVicar") announces that at its Annual and Special meeting of shareholders held on June 25, 2008 Mr. Henry Tse, C.A. was elected a director of McVicar to fill the vacancy created by the resignation of Mr. Hongjie Kang (announced June 16, 2008). Also re-elected to the board of directors are Gang Chai, D. James Misener, Tony Naldrett and Raymond Morley. Mr. Tse is the current Chief Financial Officer of McVicar and its related company, Jite Technologies Inc. McVicar also announces that at the Annual and Special meeting, shareholders authorized amendments to its articles of incorporation to change McVicar's name to "McVicar Industries Inc." or such other name as may be approved by applicable regulatory authorities. This name change reflects McVicar's business transition from a junior resources company to the present more broad industrial based business. McVicar will provide further information to shareholders following receipt of regulatory approvals.