Thresher Industries Announces Recent Business in Asia and Joint Venture Manufacturing Facility Potential

Thresher Industries (PINKSHEETS: THRI) announced today that it has been working in Asia to solicit new business as well as open discussions to joint venture a manufacturing facility in Asia.

Robin Carden, Vice President of Business Development, returned recently from Japan and Korea where he met with customers for new business using Talbor material for nuclear shielding and to open dialog for a joint venture manufacturing facility in Japan or Korea. In Japan Mr. Carden met with Hitachi Zosen K.K., Metal One, Showa Co. Ltd and Nippon Steel Corporation. Discussions with Jinheung Corporation in Korea centered on the demand for Talbor in Asia for use in the nuclear and automotive industries. Dialog has been initiated to establish a joint venture facility in Asia to supply the growing need for storage of spent fuel rod from nuclear facilities in Asia. Tom Flessner, President / CEO, Thresher Industries, stated, "With the growth we see in the nuclear industry in Asia, it is imperative that we place ourselves in a position to supply the demand for our material with a manufacturing facility in Asia. It is not of question of 'if' but a question of where and with whom we joint venture. We intend to have a signed Memorandum of Understanding with a potential partner almost immediately followed by a contract to joint venture to manufacture our Talbor material."

About Thresher Industries

Thresher Industries provides conventional cast aluminum as well as reinforced metal matrix composite aluminum alloy components for a variety of customers and applications. Thresher's ThermaLite and TerraLite alloys offer unique properties compared to conventional aluminum alloys such as increased wear resistance, unique thermal properties and greatly increased strength. Thresher also offers proprietary casting technologies including its Nautilus Core Technology, a bio-degradable recyclable process that is used to generate internal shapes and passages in castings without sand or binders normally used in casting operations.

Safe Harbor Statement

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Contact: Thresher Industries, Inc. Roger Rowell CFO 559-585-3400 www.thresherindustries.com