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Imperial Announces Reorganization of the Company

04/13/2006


	    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
	    THE UNITED STATES/

	    VANCOUVER, April 13 /CNW/ - Imperial Plastech Inc. (the "Company")    
(TSX-V: IPG.H), wishes to advise that a proposal pursuant to the Bankruptcy
and Insolvency Act (Canada) was approved by the creditors of the Company on
February 17, 2006 and by the Ontario Superior Court of Justice on March 8,
2006. Effective today, the proposal is in effect and the bankruptcy of the
Company is annulled.
In connection with the Company's emergence from bankruptcy, a new board of directors has been appointed consisting of Gordon Keep, Jay Sujir, and Peter Leitch. The new board will seek opportunities in the natural resource sector through an engagement under a services agreement with Endeavour Financial. Initial financing for the reorganized Company will be by way of a private placement of 14 million units at $0.05 per unit. Each unit will consist of a share and a one-year share purchase warrant exercisable at $0.10 per share. Of the $700,000 proceeds, $200,000 will be used to pay expenses incurred in reorganizing the Company and the balance will be used for review of potential acquisitions and working capital. The private placement is subject to regulatory approval.




                        The Company has also, subject to regulatory approval, granted five-year incentive stock options to directors, officers and charitable institutions entitling them to purchase 1,600,000 shares at $0.10 per share. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. -30-
	    /For further information: Gordon Keep, Phone: (604) 609-6110/