An anonymous director reports

FORWARD WATER TECHNOLOGIES CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Forward Water Technologies Corp. intends to complete a non-brokered private placement of up to 10 million units of the company at a price of five cents per unit for gross proceeds of up to $500,000. Each unit will consist of one common share of the company and one warrant, each warrant entitling the holder thereof to acquire an additional common share of the company at an exercise price of 7.5 cents per warrant share for a period of 36 months from the date of issuance.

Insiders may participate in the private placement and will be considered a related party transaction subject to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the private placement by insiders will not exceed 25 per cent of the fair market value of the company's market capitalization.

The private placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the private placement will be subject to a four-month-and-one-day hold period, in accordance with applicable securities laws.

The company intends to use the proceeds from the private placement for commercialization activities, client development and general corporate purposes.

About Forward Water Technologies Corp.

Forward Water is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for reuse or surface release. The company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial waste water, oil and gas, mining, agriculture, and ultimately municipal water supply and reuse market sectors. In addition, the company has initiated early-stage R&D (research and development) for the treatment of food and beverage process streams.

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