Dr. Gene Shelp reports

CURRENT WATER TECHNOLOGIES INC. SIGNS DEFINITIVE SALES AND LICENSING JOINT VENTURE AGREEMENT WITH SINGAPORE-BASED ECOX GLOBAL PTE LTD (FORMERLY SEPARTIS TECHNOLOGIES GLOBAL PTE LTD)

Current Water Technologies Inc. has signed the definitive sales and marketing joint venture agreement with ecoX Global Pte. Ltd. (formerly Separtis Technologies Global Pte. Ltd.) of Singapore. The joint venture company is being incorporated in Singapore under the name Watr-H 2 Pte. Ltd.

Current Water is an emerging technology leader in the production of green hydrogen from ammonia-contaminated waste water in the management of ammonia in industrial and municipal waste waters and Aquaculture process and waste water streams and in the production of high-purity water for the boiler feedwater, pharmaceutical and microelectronics sectors.

Current Water's chief executive officer Dr. Gene Shelp reports that although the execution of the definitive agreement has taken longer than expected, the ecoX/Current Water team has been aggressively marketing the virtues of Current Water's innovative solutions over the past six months. To date, its efforts have resulted in serious discussions with numerous parties from the oil and gas, fertilizer, agricultural, and municipal sectors in Australia, Europe and North America.

Watr-H2's corporate vision is global access to clean waters, clean air and affordable green energy. Watr-H2's mission is to facilitate the timely transition of costly industrial and municipal waste water treatment facilities into profit centres by converting toxic ammonia into environmentally friendly nitrogen gas and valuable byproducts, namely green hydrogen gas, a disinfectant and an alkali. These major benefits should establish the utility of the AmmEL-H2 green hydrogen technology in generating local/regional energy storage centres/hubs -- vital components in the future electrical grid.

About Current Water Technologies Inc.

Current Water is a technology company, applying its patented and proprietary electrochemical technologies to the production of green hydrogen and to the treatment of waste water, desalination water and drinking water contaminated by metals or nutrients -- that is, nitrate/ammonia associated with the mining, oil and gas, metal processing, chemical, agricultural, municipal, and waste management sectors. Pumptronics Inc. operates as a division of the company and continues to function as an integrated pump station manufacturer specializing in custom design and automation.

The common shares trade on Tier 2 of the TSX Venture Exchange under the symbol Watr.

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