Mr. David Atkinson reports

EARTHWORKS INITIATES PRIVATE PLACEMENT OFFERING OF 2,500,000 UNITS

Earthworks Industries Inc. is undertaking non-brokered private placement sales of 2.5 million units at 10 cents per unit to provide the company with gross proceeds of $250,000. Each unit will consist of one share of the company and one-half of one share purchase warrant. A whole warrant will be exercisable to purchase one additional share of the company for 15 cents for one year, with a forced exercise should the company's share price close at or above 30 cents for 20 consecutive trading days. Fees will be paid for the placements secured for the company by qualified agents.

Funds raised from the placement will be used: to pay accounts payable; to pay continuing costs of the company's Cortina project; and for general working capital.

The private placement is subject to final documentation and acceptance for filing by the TSX Venture Exchange.