Ms. Valerie Berger of the insolvency trustee reports

THERMOCERAMIX ANNOUNCES BANKRUPTCY FILING

ThermoCeramix Corp. has filed a voluntary assignment in bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada) to effect an orderly liquidation of its assets, property and operations. In conjunction with this filing, PricewaterhouseCoopers Inc., licensed insolvency trustee (Philippe Jordan, CPA, CMA, CIRP, LIT), has been appointed trustee of the bankrupt estate.

The board of directors of the company has authorized the voluntary assignment as the company is not able to meet the obligations owing to its creditors or to finance the operations of the company or its subsidiaries.

The company also announced that the directors of the company have resigned and that the employment of the officers of the company has been terminated.

Any inquires with respect to the operations of the company or its assets can be made to PwC at 1250 Rene-Levesque Blvd. West, Suite 2500, Montreal, Que., H3B 4Y1, attention: Valerie Berger, CPA, CA.