NEW YORK, May 13 /PRNewswire/ -- Global Alumina Products Corporation
(GAPCO), a company that will produce alumina for sale to the global aluminum
industry, announced today that it has agreed to acquire Aluminpro Aluminium
Industry Professionals Inc., the world's leading consulting group specialized
in the upstream aluminum industry (bauxite, alumina, smelting and power).
    "The decision by Aluminpro's global aluminum industry leaders to partner
with GAPCO is a tremendous endorsement of our project," said Bruce Wrobel,
Chairman and CEO of GAPCO.  "GAPCO will now have access to the most
significant pools of bauxite and alumina expertise in the world.  The depth
and breadth of Aluminpro's senior professionals' global expertise, knowledge
and skills will ensure that our Guinea alumina refinery is not only the
world's lowest cost producer but also that its construction begins in the
second quarter of 2005 and that production commences in 2008."
    Aluminpro's professionals have over 750 years of combined experience in
the industry and include world-leaders such as: Bernard (Bernie) Cousineau,
former President and CEO, Alcan Jamaica; Bryan Hiscox, former Principal
Scientist, Alcan International; Paul Dixon, former Senior Alumina Consultant,
Alcan International; Alistair Beck, former Director General, CBG (Guinea);
B.J. Foster, former VP and GM Engineering & Technology, Kaiser Aluminium;
Michael Barr, former Technical Specialist, Kaiser Aluminium; David Donaldson,
former President, Alcan Shipping Services Ltd.; Bryan Osborne, Independent
Consulting Geologist; Philip Fournet, former Environmental Manager, Kaiser;
Frank McGravie, former VP Metal Marketing & Sales, Alcan; John McLean, former
VP and GM, Reynolds Australia Alumina; Michael Kawczak, former Engineering
Project Specialist, Alcan International; and Brian Sawyer, former Associate
Director of Raw Materials, Alcan Aluminium.
    Ian Porteous, Aluminpro's Chairman and President, added "The combination
of Aluminpro's engineering and operating knowledge and GAPCO's financial
expertise and deep relationships with the Government of Guinea has resulted in
the creation of an industry-leading management team."
    Dramatic rises in the spot market price of alumina to over US$ 500 per
tonne in 2004 has led to increased interest in alumina projects across the
globe.  When complete, the 2.8 million tonne per year greenfield alumina
refinery is projected to be one of the world's lowest cost producers.
    Montreal-based Aluminpro will operate as a wholly owned subsidiary of
GAPCO.  While many of Aluminpro's senior professionals will be dedicated to
GAPCO's Guinea refinery project at various stages, Aluminpro will continue to
serve its clients and grow its business in the aluminum industry.

    ABOUT ALUMINPRO
    Aluminpro brings together 30 senior professionals from around the world
with considerable knowledge and international experience in the upstream
aluminum industry. Aluminpro professionals are world-class experts in the
fields of geology, mining, process engineering, plant operation, environmental
control, maintenance, marketing, transportation, industry economics, project
engineering and research.

    ABOUT GAPCO
    Global Alumina Products Corporation (GAPCO) is a company that will use the
vast bauxite resources of the Republic of Guinea to produce alumina for sale
to the global aluminum industry.  GAPCO is positioned to be the largest
company solely focused on alumina production and sales, and offers an
opportunity for socially responsible investing in a country that holds over
one-third of the world's bauxite resources.  The company is headquartered in
Toronto with operations in Boke, Guinea and has administrative offices in New
York, London and Conakry, Guinea.

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