WestBond Announces Private Placement

WestBond Enterprises Corporation (TSX VENTURE:WBE) (the "Company") is pleased to
announce that it proposes to undertake a non-brokered private placement of up to
6,700,000 common shares at a price of $0.09 per common share, for gross proceeds
of up to $603,000 (the "Private Placement"). The Company intends to use the
funds from the Private Placement together with cash on hand and bank financing
to purchase plant and equipment to vertically integrate and expand the Company's
manufacturing of paper products. It is anticipated that the Company will spend
approximately $7,000,000 on the expansion in the next 12 months.


Closing of the Private Placement is subject to approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Gennaro Magistrale, Chief Executive Officer, President and Director

The foregoing information contains forward-looking statements including but not
limited to statements regarding a proposed private placement and the use of
proceeds from such private placement. In making the forward-looking statements
in this release, the Company has applied certain factors and assumptions that
are based on information currently available to the Company as well as the
Company's current beliefs and assumptions made by the Company, including that
the Company is able to obtain regulatory approval of the private placement, and
that the Company is able to complete the private placement. Although the Company
considers these beliefs and assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous risks,
uncertainties and other factors that may cause future results to differ
materially from those expressed or implied in such forward-looking statements.
Such risk factors include, among others, that the private placement will not be
completed, and that the Company will be unable to obtain or will experience
delays in obtaining any required regulatory approvals. Although the Company has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
WestBond Enterprises Corporation
Gennaro Magistrale
Chief Executive Officer, President and Director
604-940-3939
604-940-9161 (FAX)
www.WestBond.ca