Pacific Safety Products Inc. Announces Two Contract Wins

Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or the "Company"),
announced today that it has received a contract for the production of
non-ballistic goods. The immediate value of the contract is approximately
$350,000. Delivery is scheduled to take place in the fourth quarter.


PSP has also received a contract for production of armour products in the amount
of approximately $450,000. Delivery is scheduled to take place in the fourth
quarter. This contract also has an option which allows for an additional
purchase of armour worth approximately $450,000 within 2 years.


PSP won both of these contracts in open competition against the best of our
North American competitors. Both of these wins are new business for the company.


PSP once again demonstrated that it is capable of defending its position as the
Canadian market leader for the supply of protective armour products to the
Canadian military and law enforcement agencies.


About PSP: The mission statement of Pacific Safety Products Inc. is ...we bring
everyday heroes home safely(R). PSP is an established industry leader in the
production, distribution and sale of high-performance and high-quality safety
products for the defence and security market. These products include body armour
to protect against ballistic, stab and fragmentation threats, ballistic blankets
to reduce blast effects, tactical clothing, and protective products against
chemical and biological hazards. PSP is the largest body armour manufacturer in
Canada, directly supplying the Canadian Department of National Defence, Federal
Government Agencies and major Canadian law enforcement organizations. The
Company, through its U.S. subsidiary Sentry Armor Systems Inc., provides body
armour products under the GH Armor Systems(R) brand to U.S. based law
enforcement and private security firms. The Company also produces tactical
clothing. Pacific Safety Products is a reporting issuer in British Columbia,
Alberta and Ontario, Canada and publicly trades under the symbol PSP on the TSX
Venture Exchange. 


Forward-Looking Information: This news release contains certain statements which
may constitute "forward-looking information" within the meaning of applicable
securities laws. These statements relate to anticipated or assumed events with
respect to the Company's business. The forward-looking information contained
herein is expressly qualified in its entirety by this cautionary statement.
Although the Company believes that the expectations conveyed by the
forward-looking information are reasonable based on information currently
available to it, these statements are based on management's expectations,
estimates and projections and involve a number of risks, uncertainties and
assumptions, both known and unknown. As a result, the results or events depicted
in these forward-looking statements may differ materially from actual results or
events. Many factors could cause results to differ materially from those stated
including, but not limited to the impact of price and product competition,
changes in general industry and market conditions, inability to successfully
plan and execute cost reduction and business improvement strategies, ability to
retain key staff, restrictions and covenants contained in credit agreements,
fluctuations in currency, exchange and interest rates and commodity prices,
ability to retain existing customer contracts, reliance on key customers, as
well as various other factors which are discussed in the Company's filings with
applicable securities regulatory authorities at www.sedar.com. Any
forward-looking statement speaks only as of the date of this news release and,
except as may be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement, whether as a
result of new information, future events or results or otherwise.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pacific Safety Products Inc.
Terry Vaudry
CEO
[phone]
www.pacsafety.com