Poly-Pacific International Inc. announced the signing of a Joint Venture Agreement with CREEnergy Oil & Gas Inc. The agreement will establish a working relationship between the two companies whereby they will each equally own Poly Cree Remediation, a new company established for the purposes of the Joint Venture. PCR will perform site restoration including soil remediation on orphaned and abandoned oil and gas wells situated in central and northern Alberta on three First Nations lands, including certain traditional use areas. PCR will restore and remediate an estimated 1,800 abandoned oil and gas wells on approximately 207,000 acres. The remediation project will deal with soil either contaminated with salt, hydrocarbons or both. Under the terms of the Joint Venture, CREEnergy will acquire the oil and gas well remediation contracts from the oil and gas companies or the governing authorities, while Poly-Pacific will, together with qualified sub-contractors, provide expertise to PCR to complete the required site restoration.

Poly-Pacific International Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company's net loss was CAD 165,629 compared to CAD 739,337 or CAD 0.01 per share for the same period a year ago. Operating loss before income taxes was CAD 165,629 compared with CAD 739,337 for the same period a year ago. Cash used in operating activities was CAD 197,418 compared with CAD 321,241 for the same period a year ago. For the six months, the company's net loss was CAD 478,521 or CAD 0.01 per share compared to CAD 1,278,131 or CAD 0.02 per share for the same period a year ago. Operating loss before income taxes was CAD 478,521 compared with CAD 1,278,131 for the same period a year ago. Cash used in operating activities was CAD 393,847 compared with CAD 523,999 for the same period a year ago.

Poly-Pacific International Inc. announced unaudited earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net loss of CAD 312,892 or CAD 0.00 per share compared with net loss of CAD 538,794 or CAD 0.01 per share for the same period a year ago. Cash used in operating activities for the quarter was CAD 196,429 compared to CAD 202,758 for the same period a year ago.