WESTERN CANADIAN FOOD PROCESSOR EXPANDS IN SASKATCHEWAN

Released on August 30, 2000

Centennial Food Corp. of Calgary is expanding its operations in Saskatchewan

with a $34.4 million project that includes the building and equipping of a

world class food processing plant in Saskatoon that will employ up to 190

people.



Crown Investments Corporation of Saskatchewan (CIC) is making an investment of

$20 million in the company.



"This is an excellent investment for Saskatchewan because it will help position

our province as a leader in value-added food processing," CIC Minister John

Nilson said. "This new plant will also provide many economic benefits to

Saskatoon and the entire province, including construction jobs, up to 190 full-

time jobs when the plant is completed and spin-off business for suppliers. We

are very pleased that Centennial has chosen to expand here and we are proud to

be a partner with such a well-established company."



"We are excited about expanding into Saskatchewan and about our partnership

with Crown Investments Corporation," said Ron Kovitz, Chairman of the Board of

Centennial Food Corp. "This is a great opportunity for our company. The new

state-of-the-art manufacturing plant in Saskatoon will allow us to grow our

markets in the United States and southeast Asia and become a bigger player in

the food processing industry in North America."



Centennial is a family owned food service, distribution and value-added

manufacturing company that was established in 1967. The company has more than

500 employees. It has two manufacturing plants in Calgary and eight food

distribution facilities throughout western Canada, including Saskatoon and

Regina, and a sales office in Toronto.



Centennial makes frozen meat, vegetable and seafood products for a variety of

major supermarkets under their private label brands and under its own brands.

It sells them throughout Canada, parts of the United States and southeast

Asia. Centennial also services thousands of restaurants, hotels and

institutions.



Design of the new plant has started and construction will begin in the spring

of 2001. Production start-up is expected by November 1, 2001.



- 30 -



For more information, contact:



Anna Arneson Mark Wiens

Executive Council Vice-President and CFO

Regina Centennial Food Corp.

Phone: (306) 787-0850 Calgary, Phone: (403) 214-0044