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METALCLAD IS CORNERSTONE OF INDUSTRIAL PLAN ANNOUNCED BY NEW MEXICAN GOVERNOR

 SAN ANTONIO, July 16 /PRNewswire/ -- Metalclad Corp. (NASDAQ: MTLC), engaged in the development of hazardous waste treatment facilities in Mexico and industrial insulation services in Southern California, announced today at the U.S.-Mexico Border Infrastructure Financing Conference, being hosted by Ronald H. Brown, U.S. Secretary of Commerce, and Luis Donaldo Colosio Murrieta, Mexican Secretary for Social Development, that Metalclad Corp.'s Mexican subsidiary has agreed to participate with Gov. Horatio Sanchez Unzueta, governor of San Luis Potosi, Mexico, in a program he created to insure the enforcement of environmental regulations and attract new industry to San Luis Potosi. His program is expected to insure a clean and healthy environment for the citizens of San Luis Potosi and bring new industry to the state.
 Since Sanchez Unzueta's inauguration in May of this year, the State Development Plan for the 1993-1997 period has been adopted and implemented; and an environmental commission created, the purpose of which is to carry forth an environmental program which could be a model for other Mexican states. The program of Sanchez Unzueta includes a waste minimization program complemented by a waste recycling facility, a controlled hazardous waste landfill, and a plant for the thermal treatment of industrial wastes, all of which will be developed by Metalclad.
 In addition, on July 8, 1993, the governor, through his director of Economic Development, Carlos Robles Oyarzuni, announced the selection of a site for the development of an industrial park for industries which generate hazardous waste during the manufacturing process. Robles emphasized that the Metalclad facility will be an integral part in his plan to relocate existing industries as well as attract new manufacturing facilities to San Luis Potosi.
 Grant S. Kesler, president and chief executive officer of Metalclad, also announced that on Feb. 26, 1993, Metalclad's subsidiary was issued a final permit from the Ministry of Social Development (SEDESOL) to build a fully integrated hazardous waste treatment facility in the State of San Luis Potosi, using state-of-the-art technologies for the treatment of all hazardous wastes. Kesler stated that the issuance of this permit has not been previously made public in order to allow the company time to benefit from the recently announced State Development Plan implemented by the new governor. This ensures that all facilities constructed will be acceptable to the political leaders at all levels of government. The permit as issued is comparable to a permit issued in the United States under Part B of the Resource Conservation and Recovery Act (RCRA) and will require that the facility meet all U.S. and Mexican environmental standards.
 The primary objective of the San Antonio conference was to introduce private sector financial representatives with investment opportunities in Mexico's infrastructure projects. Environmental projects such as Metalclad's facility in San Luis Potosi are considered to be of great importance to sustain the economic growth of the nation. Metalclad was invited to participate in the conference because of the importance of its project to the Mexican environment and its contribution to the implementation of the North American Free Trade Agreement (NAFTA).
 Kesler concluded by saying that it would be hard to overstate the value of today's announcement in furthering the company's development plans. "We'll now be able to go forward with the operational portion of our plan. Because of the government/private sector partnership we have created with Governor Sanchez Unzueta and the federal officials at SEDESOL, we will be the first company in Mexico to create such a commercial hazardous waste treatment facility. Three years of patience and hard work by our staff and our Mexican partners will now pay off as we move to create an organization for the management of all forms of hazardous wastes. We expect to be fully operational with two technologics this year and with a third beginning the first quarter of next year. We expect to be able to announce the acquisition of an existing and operational hazardous waste landfill in the near future. Also, we expect to be able to announce the results of ongoing negotiations with our potential European partner with attendant financing early this fall."
 -0- 7/16/93
 /CONTACT: Grant S. Kesler, president, or Elgin Williams, investment relations, both of Metalclad, 714-476-2772; or Bruce H. Haglund, Esq., 714-752-6100/
 (MTLC)


CO: Metalclad Corp. ST: Texas, California IN: ENV SU: PDT

LM-MF -- LA012 -- 2345 07/16/93 09:05 EDT
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Date:Jul 16, 1993
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