Royal Laser Corp. Provides Update on Former Venture Steel Shareholder Litigation

Royal Laser Corp. has received notice of judgement on a legal matter relating to a former shareholder and option-holder employee of Venture Steel Inc., a subsidiary of Royal Laser. This matter was a result of actions taken by the prior owners of Venture Steel Inc.

The judgement amounts to approximately $4.8 million plus interest of approximately $0.5 million, of which approximately $1.5 million has been held in reserve by the Company. The Company believes that the outcome of the litigation is appealable, on legal grounds, and will launch the appeal process immediately.

About Royal Laser Corp.

Royal Laser Corp., through its wholly-owned operating subsidiaries, services flat rolled steel and manufactures custom wood and metal products targeted at the multi-billion dollar automotive, high-end retail in-store development, the OEM industrial products and construction industries, in Canada, the United States and overseas. Royal Laser Corp. employs state of the art industrial technology to process steel, fabricate custom and standardized wood and metal products, including robotic wood finishing lines, advanced laser-based computer-integrated manufacturing systems and advanced stamping presses. In addition to contract manufacturing services, Royal Laser provides value-added engineering and design services. The Corporation’s common shares trade on the Toronto Stock Exchange under the symbol “RLC” and there are approximately 100 million shares outstanding.

For further information on the Corporation, please visit SEDAR at www.sedar.com.

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