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21.10.2009
AEROCAST CLOSES $900,000 PRIVATE PLACEMENT; SETTLES $300,000 DEBT VIA ISSUANCE OF SHARES
AEROCAST CLOSES $900,000 PRIVATE PLACEMENT; SETTLES $300,000 DEBT VIA ISSUANCE OF SHARES

October 20, 2009: Aerocast Inc. (CNSX: A; Germany: ØAE) is pleased to announce that further to the company’s news release dated September 8, 2009, the company has closed the initial portion of its $0.20/unit financing whereby a total of 4,505,453 units were issued at $0.20 per unit for gross proceeds totaling $901,090. Each unit consists of one common share and one common share purchase warrant exercisable at $0.20 per share for a two year period. In connection with this financing, the Company paid finder’s fees totaling $66,454 cash and 50,750 finder’s units, where each finder’s unit consists of one common share and one common share purchase warrant exercisable at $0.20 per share for a two year period.

In addition, the company settled debts totaling $301,036 via the issuance of 1,505,180 shares at a deemed price of $0.20 per share.

About Aerocast Inc.

Aerocast operates a high-growth sand-casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Customers include Honeywell Aerospace, Hamilton Sundstrand, Sikorsky Aircraft and Shimadzu Precision Instruments. Aerocast is experiencing high demand for its products and has limited competition. Aerocast’s senior management team has over 200 years combined experience in the aerospace foundry industry.

Aerocast shares trade on the Canadian National Stock Exchange (CNSX) under the symbol ‘A’ and in Germany under the symbol ‘ØAE’.

For more information, contact Raynard von Hahn, at Tel. (604) 618-2366 and e-mail raynard.vonhahn @ aerocastinc.com, or visit our website at www.aerocastinc.com.

On Behalf of the Board of Directors,

Aerocast Inc.
Per:
“Raynard von Hahn”

CEO and Director

Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Not for Distribution in the United States or to U.S. Persons.

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