Central Canada Foods Corporation: Corporate Update.

MISSISSAUGA, Ontario -- Central Canada Foods Corporation (TSX VENTURE:CDF.A)

There has been no material change in Central Canada Foods Corporation's business since its last press release that would explain the recent activity in the market for its common shares.

New Plant

The 23,000 sq. ft. plant will allow Central Canada to triple its current production capacity, take advantage of growing sales opportunities in the domestic and Asia Pacific markets, and to develop new product offerings for its clients. The federally inspected plant, located in Mississauga, Ontario, is also expected to reduce external cold storage costs by at least 50% at current production levels. The Company expects to move into the plant in the first quarter of fiscal 2005 following renovations and leasehold improvements. As part of the lease agreement, the Company will have an option to acquire the plant.

Acquisitions

As previously stated, the Company is considering synergistic acquisitions of new businesses and is assessing opportunities on a case by case basis. To date, no agreements have been reached to acquire any new businesses.

The Toronto Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. This News Release may contain certain forward-looking statements, which statements can be identified by the use of forward-looking terminology such as "may", "will", "consider", "expect", "anticipate", "estimate", "predict", "plans", or "continue" or the negative thereof or any other variations thereon or comparable terminology referring to future events or results. Forward looking statements are statements about the future and are inherently uncertain, and the Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous factors, including without limitation, the need for regulatory approval, marketing/manufacturing and partnership/strategic alliance risks, the effect of competition, uncertainty of the size and existence of a market opportunity for the Company's products, as well as a description of other risks and uncertainties affecting the Company and its business, as contained in news releases and filings with the Canadian Securities Regulatory Authorities, any of which could cause actual results to vary materially from current results or the Company's anticipated future results. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and the Company does not assume any obligation to update its forward-looking statement if those beliefs, opinions or expectations, or other circumstances should change.

Central Canada Foods Corporation (TSX VENTURE:CDF.A)