Statement by MFC Industrial Ltd. Insider Purchases on Open Market

VANCOUVER, British Columbia, Dec. 12, 2011 /PRNewswire/ -- MFC Industrial Ltd.  (NYSE: MIL), a global commodities supply chain management company, announced today a filing in Canada and available for inspection at or, that details insider purchases of MIL shares on the open market by Chairman & CEO Michael Smith.  There were two trades totaling 180,000 shares:  87,000 shares purchased at US$6.75 on November 23, 2011; and 93,000 shares purchased at US$6.67 on November 25, 2011.

The filings can be accessed at

About MFC Industrial Ltd.

MFC Industrial Ltd. is a global commodities supply chain company that sources and delivers commodities and materials to clients all over the world, with a special expertise on the financing and risk management aspect of the business. The company was formerly known as Terra Nova Royalty Corporation; the change of name to MFC Industrial Ltd. and new trading symbol on the NYSE is "MIL" both became effective on September 30, 2011.

MFC Industrial Ltd. declared a $0.20 cash distribution for 2011.  Dividend payments of $0.05 were paid in January, March, June and September.

As of June 30, 2011, MFC Industrial Ltd. had total assets of approximately $895 million, cash and cash equivalents of approximately $414 million and working capital of approximately $371 million. To obtain further information on the company, please visit our website at



MFC Industrial Ltd.

Allen & Caron Inc.

Rene Randall

Joseph Allen

1 (604) 683-8286 ex 224

1 (212) 691-8087                                                                 

SOURCE MFC Industrial Ltd.


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