Revenue for the three months ended July 31, 2008 was $324,709 compared to $736,769 for the three months ended July 31, 2007, a 56 percent decrease versus the same period last year.

The quarterly decrease is primarily as a result of decreased architectural sales of the Company's aluminum foam panels sold as the display platform for the new Audi models in their worldwide showrooms. The demand for this application decreased due to negative economic conditions but is expected to return to prior levels by the end of the current calendar year.

Cymat incurred a net loss of $1,131,721 in Q1 2009 compared to a net loss of $1,533,278 for the same period in the prior year.

"Looking ahead to the next 2 quarters, we anticipate that our efforts and initiatives in both of our automotive and blast mitigation businesses will begin to generate tangible results," said Tim Hardman, Cymat's newly appointed President and COO. He went on to say that "Our renewed focus on and increased support for our Alusion distributors should lead to growing architectural revenues as well."

    <<
    Key Financial Information

    The following shows key financial information for the first quarter and
comparables.

    -------------------------------------------------------------------------
    Canadian $                                          Q1 2009      Q1 2008
    -------------------------------------------------------------------------
    Revenue                                             324,709      736,769
    -------------------------------------------------------------------------
    Plant operating costs                               361,388      959,674
    -------------------------------------------------------------------------
    SG&A                                                702,512      917,532
    -------------------------------------------------------------------------
    Depreciation and amortization                       404,932      453,434
    -------------------------------------------------------------------------
    Net loss                                         (1,131,721)  (1,533,278)
    -------------------------------------------------------------------------
    Weighted Average no. of shares outstanding basic
     and diluted                                     69,367,445   54,902,615
    -------------------------------------------------------------------------
    Loss per Common Share-basic and diluted *           (0.02)       (0.03)
    -------------------------------------------------------------------------
    Cash and Cash equivalents                         1,955,974    2,641,636
    -------------------------------------------------------------------------
    Working Capital                                   1,877,466    2,447,607
    -------------------------------------------------------------------------
    * Net loss per share has been calculated using the weighted average
        number of common shares outstanding during the quarter ended July 31,
        2008 and July 31, 2007.
    >>

The interim financial statements and management discussion have been filed on SEDAR. Cymat Technologies Ltd. trades on the TSX stock exchange under the trading symbol CYM.

About Cymat:

Cymat develops innovative materials for industry. The company has worldwide rights, through patents and licenses, for producing Stabilized Aluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas through molten alloyed aluminum containing a dispersion of fine ceramic particles and can be produced as either Near-net Shapes or Flat Panels. The result is a revolutionary material with a wide array of features including very low density, mechanical energy absorption, thermal and acoustic insulation, is recyclable, time and temperature insensitive and has a relatively low cost of production. Cymat is collaborating with a number of partners spanning the automotive, architectural and blast mitigation industries. For further information, visit the Web site www.cymat.com.

The foregoing press release contains forward-looking statements relating to the development of markets, development programs, future revenues and improvements in technology, which are subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include the availability of funding, existing and future relationships with suppliers and manufacturers, the results of research and development activities, risks of technological breakthroughs that make Cymat stabilized aluminum foam less attractive, risks relating to the breadth, scope and enforceability of intellectual property rights, general industry and market conditions, availability of qualified personnel, and reliance on co-development partners. For additional information with respect to these and other factors, see the reports filed by Cymat Technologies Ltd. with the Ontario Securities Commission. Cymat Technologies Ltd. disclaims any intention or obligation to update or revise any forward-looking statements.

%SEDAR: 00024103E

SOURCE: Cymat Technologies Ltd.

Investors and Media: Michael Liik, Executive Chairman, Cymat Technologies Ltd., Tel:
(905) 696-2424, Email: liik@cymat.com; Trevor Sandler, Chief Financial Officer, Cymat
Technologies Ltd., Tel: (905) 696-2427, Email: tsandler@cymat.com

Mr. Pettipas brings to Cymat a wealth of experience in the military and defense industries. He started his career in the Canadian Armed Forces rising to the position of Colonel by retirement. Thereafter, he moved to the private sector with General Motors rising to the position of Executive Director, GM Defense and Vice President of General Motors of Canada. Prior to retirement from GM, Mr. Pettipas facilitated the sale of GM Defense to the General Dynamics Corporation. Currently, he holds the position of Senior Business Development Advisor with Armatec Survivability Corp, a major producer of blast-resistant military vehicle seating systems.

"We are honoured to have someone of Bill Pettipas's pedigree and experience join the Cymat Board" said Michael Liik, Executive Chairman of Cymat. He added "with Cymat's strong push into the blast mitigation market, Mr. Pettipas guidance and counsel should prove invaluable".

About Cymat:

Cymat develops innovative materials for industry. The company has worldwide rights, through patents and licenses, for producing Stabilized Aluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas through molten alloyed aluminum containing a dispersion of fine ceramic particles and can be produced as either Near-net Shapes or Flat Panels. The result is a revolutionary material with a wide array of features including very low density, mechanical energy absorption, thermal and acoustic insulation, is recyclable, time and temperature insensitive and has a relatively low cost of production. Cymat is collaborating with a number of partners spanning the automotive, architectural and blast mitigation industries. For further information, visit the Web site www.cymat.com.

The foregoing press release contains forward-looking statements relating to the development of markets, development programs, future revenues and improvements in technology, which are subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include the availability of funding, existing and future relationships with suppliers and manufacturers, the results of research and development activities, risks of technological breakthroughs that make Cymat stabilized aluminum foam less attractive, risks relating to the breadth, scope and enforceability of intellectual property rights, general industry and market conditions, availability of qualified personnel, and reliance on co-development partners. For additional information with respect to these and other factors, see the reports filed by Cymat Technologies Ltd. with the Ontario Securities Commission. Cymat Technologies Ltd. disclaims any intention or obligation to update or revise any forward-looking statements.

%SEDAR: 00024103E

SOURCE: Cymat Technologies Ltd.

Investors and Media: Michael Liik, Executive Chairman, Cymat Technologies Ltd., Tel:
(905) 696-2424, Email: liik@cymat.com; Trevor Sandler, Chief Financial Officer, Cymat
Technologies Ltd., Tel: (905) 696-2427, Email: tsandler@cymat.com

Another order was produced for Microsoft, the world's largest software company. Alusion panels were purchased for use in its new office buildings in Massachusetts, USA.

"We are very excited about the exposure that Alusion will receive in these marquee projects - further validating Alusion's brand in the architectural industry," said Tim Hardman, President of Cymat. "With these orders and the pipeline of others that we have bid on, Cymat is well positioned to grow its architectural products business, in keeping with its aggressive strategy to reach profitability."

About Cymat:

Cymat develops innovative materials for industry. The company has worldwide rights, through patents and licenses, for producing Stabilized Aluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas through molten alloyed aluminum containing a dispersion of fine ceramic particles and can be produced as either Near-net Shapes or Flat Panels. The result is a revolutionary material with a wide array of features including very low density, mechanical energy absorption, thermal and acoustic insulation, is recyclable, time and temperature insensitive and has a relatively low cost of production. Cymat is collaborating with a number of partners spanning the automotive, architectural and blast mitigation industries. For further information, visit the Web site www.cymat.com.

The foregoing press release contains forward-looking statements relating to the development of markets, development programs, future revenues and improvements in technology, which are subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include the availability of funding, existing and future relationships with suppliers and manufacturers, the results of research and development activities, risks of technological breakthroughs that make Cymat stabilized aluminum foam less attractive, risks relating to the breadth, scope and enforceability of intellectual property rights, general industry and market conditions, availability of qualified personnel, and reliance on co-development partners. For additional information with respect to these and other factors, see the reports filed by Cymat Technologies Ltd. with the Ontario Securities Commission. Cymat Technologies Ltd. disclaims any intention or obligation to update or revise any forward-looking statements.

%SEDAR: 00024103E

SOURCE: Cymat Technologies Ltd.

Investors and Media: Michael Liik, Executive Chairman, Cymat Technologies Ltd., Tel:
(905) 696-2424, Email: liik@cymat.com