Macro Enterprises Inc. Announces Dividend Declared on Class A Convertible Preference Shares and Board Changes

Macro Enterprises Inc. (the "Company" or "Macro") (TSX VENTURE:MCR) announces
that it has declared a dividend of $130.00 per share (aggregating $841,100) on
its 6,470 outstanding Class A Convertible Preference shares, payable on April 2,
2012 to the holders of record at the close of business on March 22, 2012, such
dividend being the aggregate of the dividends that were originally scheduled for
payment on the last day of each calendar quarter commencing on January 1, 2010
and ending December 31, 2011.  Under the provisions of the Class A Convertible
Preference Shares, unpaid dividends are cumulative.


On March 24, 2010, the Company announced that its Board of Directors (the
"Board") decided it was in the best interests of the Company to temporarily
suspend payment of quarterly dividends on the Class A Convertible Preference
Shares of the Company due to Macro experiencing reduced volumes of work in nine
months preceding the announcement. The Board considered it prudent to take this
action to minimize cash outflows from the Company. The Board of Directors now
believes the Company can prudently make this payment.


The Company also announces the resignation of Dean Prodan and Vince Krynski as
directors of the Company. The Board would like to recognize and sincerely thank
Mr. Prodan and Mr. Krynski for their service and contribution to the Company
over the past 6 years. 


Macro's core business is providing pipeline and facilities construction and
maintenance services to major companies in the oil and gas industry in
northeastern B.C. and northwestern Alberta. The Company's corporate office is in
Calgary, Alberta. Its shares are listed on the TSX Venture Exchange under the
symbol MCR. Information on the Company's principal operating unit, Macro
Industries Inc., can be found at www.macroindustries.ca.