Mr. David Atkinson reports

EARTHWORKS CLOSES $354,750 PRIVATE PLACEMENTS

Earthworks Industries Inc. has closed the sale, by exempt private placements, of 2,838,000 units at 12.5 cents per unit to provide gross proceeds to the company of $354,750. Each unit consists of one share of the company and one-half of a two-year share purchase warrant exercisable at 20 cents per share. The warrants are subject to forced exercise requirements if the shares of the company trade on the TSX Venture Exchange at or above 40 cents for 20 consecutive trading days.

No cash commissions are being paid.

Participants in the placements included two of the company's directors.

The shares issued as part of the units, and any shares issued pursuant to the exercise of warrants, will be subject to a non-trading hold period expiring on Dec. 16, 2016.