04/30/2007

Clearford Announces Revenue, Operating Income and Cash Flow for Fiscal Year 2006

Ottawa, Ontario – (April 30, 2007) – Clearford Industries Inc. ("Clearford", TSX-V: CLI) today announced financial results for the fourth quarter and fiscal year of 2006, which both ended December 31, 2006 (all figures in Canadian dollars and in accordance with Canadian GAAP).

Revenue for the fiscal year 2006 was $22,270,000 compared to $23,000 for the fiscal year 2005. Gross margin was $9,492,000 compared to $3,000 for the same period of the prior year. Operating income for the fiscal year was $606,000 compared to an operating loss of $2,383,000 for the same period of the prior year. The net loss for the fiscal year was $2,983,000 or $0.12 per share compared to a net loss of $2,324,000 or $0.11 per share for the same period of the prior year.

All revenue for fiscal year 2006 was provided by the Brooklin Concrete Division.  Brooklin revenues reflect construction activity and are therefore affected by seasonal conditions.

Revenue for the fourth quarter was $5,344,000 compared to no revenue for the same period of the prior year and $7,795,000 of revenue for the third quarter of 2006. Gross margin was $2,057,000 compared to zero gross margin for the same period of the prior year and $3,767,000 for the third quarter of 2006. Operating loss for the quarter was $345,000 compared to an operating loss of $638,000 for the same period of the prior year and an operating income of $1,343,000 for the third quarter of 2006. Net loss for the fourth quarter was $1,356,000 or $0.05 per share compared to a net loss of $622,000 or $0.03 per share for the same period of the prior year and a net income of $394,000 or $0.02 per share for the third quarter of 2006.

For the fiscal year 2006 cash used in operations was $854,000 compared to cash used in operations of $1,716,000 for the same period of the prior year. Cash used in operations for the fourth quarter was $919,000 compared to cash used in operations of $387,000 for the same period of the prior year and cash provided by operations of $1,498,000 for the third quarter.

For the fiscal year 2006, the growth in revenue and improvement in financial performance as compared to the prior year was due to the contribution provided by the Brooklin Concrete Division, since its acquisition in January 2006. The Wastewater Systems Division provided strong growth in the backlog of bids during the fiscal year, entering the year with 17 qualified bids outstanding and exiting the year with a total of 69 bids outstanding with potential contract value in excess of $200 million. While it can not be assumed that bids convert into contracts, this progress is very encouraging for the future growth prospects of the division.

"Clearford is a dramatically stronger company than it was one year ago," stated Bruce Linton, President and CEO of Clearford. "I expect that 2007 will provide for expansion and advancement across the entire company, as infrastructure growth requirements represent opportunities for both Clearford divisions."

Forward-Looking Statements
Any forward looking statements made in this press release involve risks and uncertainties, and actual results could differ materially from those expressed or implied in such statements. However, we disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. More detailed information of the matters described herein is included in the public documents Clearford files from time to time with Canadian securities regulatory authorities.

About Clearford Industries Inc.
Clearford Industries Inc. (TSX-V: CLI) is comprised of two divisions: the Wastewater Systems Division and the Brooklin Concrete Division.  The Wastewater Systems Division designs and implements the patented Small Bore Sewer™ (SBS™), a watertight small diameter wastewater collection system that provides servicing with superior operational and environmental performance at a significantly lower cost when compared to historic gravity sewers. With its first installation in 1989, the SBS™ has since had several installations within Canada and the U.S. The Brooklin Concrete Division has been in operation since 1952, with 4 locations in Ontario, including: Brooklin, Newmarket, Huntsville and Haliburton. A leading producer of septic tanks in Ontario, Brooklin manufactures precast concrete products ranging from interlocking pavers and patio slabs, to retaining walls and storage structures. For more information on Clearford Industries Inc., please visit www.clearford.com.

For more information contact:
Mr. Bruce Linton
President and CEO
Clearford Industries Inc.
Phone: (613) 599-6474 ext. 301
www.clearford.com