05/28/2007

Clearford Announces Results for the First Quarter of Fiscal Year 2007

Ottawa, Ontario – (May 28, 2007) – Clearford Industries Inc. (“Clearford”, TSX-V: CLI) today announced financial results for the first quarter of 2007, which ended March 31, 2007 (all figures in Canadian dollars and in accordance with Canadian GAAP).

Clearford’s revenue arises substantially from the Brooklin Concrete Division, whose operations are seasonally affected by construction weather conditions. Revenue for the first quarter was $1,635,000 compared to $1,410,000 revenue for the same period of the prior year and $5,344,000 of revenue for the fourth quarter of 2006. Gross margin was $142,000 compared to $12,000 gross margin for the same period of the prior year and $2,057,000 for the fourth quarter of 2006. Operating loss for the quarter was $1,992,000 compared to an operating loss of $1,567,000 for the same period of the prior year and an operating loss of $345,000 for the fourth quarter of 2006. Net loss for the first quarter was $2,991,000 or $0.12 per share compared to a net loss of $2,213,000 or $0.09 per share for the same period of the prior year and a net loss of $1,356,000 or $0.05 per share for the fourth quarter of 2006.

For the first quarter of 2007 cash used in operations was $1,997,246 compared to cash used in operations of $2,080,907 for the same period of the prior year and cash used in operations for the prior quarter of $919,000.

The Brooklin Concrete Division revenues and earnings were negatively affected by unusually poor construction weather in the Toronto area in February and March. These delayed revenues are expected to be earned during the next two quarters. The Wastewater Division recorded $125,000 of revenue and contribution on the quarter related to Touchstone on Lake Muskoka.

“Environment and infrastructure represent two of the top three public policy issues for the majority of the world; they also represent the business lines for Clearford,” stated Bruce Linton, President and CEO of Clearford. “I expect that the rest of 2007 will provide for opportunities across both the Wastewater and Concrete 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