Sales for the first quarter were $16,053,220, representing an increase of 14.4% over sales of $14,029,875 for the first quarter of the previous fiscal year.

EBITDA(1) decreased by 16.2% in the quarter to $5,049,538 down from $6,022,824 during the corresponding period of the previous fiscal year.

For the quarter, net earnings reached $3,014,608 or $0.07 per share, representing a 26.4% decrease over net earnings of $4,094,390 or $0.09 per share, for the first quarter of the previous fiscal year.

The backlog of orders expected to translate into sales over the following twelve months stood at a record level of $56,964,321 which represents a 6.2% increase over its level of $53,646,727 one year earlier.

Jacques L'Ecuyer, President and Chief Executive officer said, "Results of our first quarter ended August 31, 2009, reflect a continuing strong demand for our solar grade products but also a weakening of our sales of all other products as a result of a more challenging economic environment. The strong demand for our solar grade products enabled us to increase our supply commitments to our main customer in this market and extend the duration of such commitments as we announced on June 24, 2009. The decrease in sales of other products reduced our profitability which was also negatively impacted by the significant acquisition related charges for uncompleted acquisition projects."

L'Ecuyer continued, "We remain committed to growing our corporation through acquisitions and joint ventures and will continue to aggressively pursue such opportunities. Our recent announcement regarding ZT Plus, our joint venture with BSST, a subsidiary of Amerigon Incorporated is a good indication of this. This joint venture will develop and manufacture advanced, more efficient thermoelectric materials designed to enable the use of advanced thermoelectric technology in a wide variety of heating and cooling and power generation applications for industrial, consumer, medical, electronics and automotive markets The use of thermoelectric devices in these extremely significant markets has so far been limited by material performance issues. However, recent breakthroughs resulting from new material formulations and designs, to which ZT Plus will have privileged access, should enable the widespread use of these devices in such markets."

Mr. L'Ecuyer concluded, "Despite a somewhat challenging economic environment, the 5N Plus balance sheet continued to strengthen during the quarter enabling us to remain very well positioned to execute our growth plan which calls for investments aimed at positioning our firm as the leading electronic materials company through diversification of our product offering and accretive acquisitions".

The interim unaudited consolidated financial statements of 5N Plus, as well as the Management's Report of this first quarter ended August 31, 2009 are available on the 5N Plus website, at www.5nplus.com and on the SEDAR website at www.sedar.com.

Webcast Information

The Company will host a conference call at 15:00 Eastern Time on Thursday, October 8, 2009 with financial analysts to discuss the first quarter results. All interested parties are invited to participate to the live broadcast on the company's Web site at www.5nplus.com. A replay of the webcast and a recording of the Q&A will be available until October 23, 2009.

About 5N Plus Inc.

5N Plus draws its name from the purity of its products, 99.999% (five nines or 5N) and more. 5N Plus, which has its head office in Montreal, Quebec, develops and produces high-purity metals and compounds for electronic applications and provides its customers with recycling solutions. The Company is an integrated producer with both primary and secondary refining capabilities.