Forterra Completes First Closing of Private Placement

TORONTO, ONTARIO , an emerging leader in the production and sale of premium organic soil-enrichment products based on worm castings, today announced that it has raised gross proceeds of approximately $2,196,500 through the first closing of a private placement of 14,643,333 Units. As announced on June 27, 2008, the Units consist of one common share and one-half common share purchase warrant entitling the holder to purchase one common share at $0.25 per warrant on or before July 9, 2010.

The company expects to complete a second and final closing of the private placement of Units on July 15, 2008 for gross proceeds of approximately $335,000.

The common shares and common share purchase warrants from the first closing are subject to a four-month hold period expiring on November 10, 2008.

"We are very pleased that this private placement was well received by institutional investors," said Donald Green, Chairman and Chief Executive Officer. "Approximately 67% of the private placement was subscribed for by six prominent Canadian-based investment fund managers.

"We will be using these funds to strengthen our balance sheet and to provide the working capital needed to support our increasing production of our solid Forterra Worm Castings and liquid Forterra Worm Tea Castings products." Mr. Green added.

Euroglobal Capital Partners Inc. acted as agent for the offering. The agent received non-transferable agent's warrants to acquire 1,003,800 Units at a price of $0.15 per Unit at any time on or before July 9, 2010.

Forterra also announced that it has granted incentive stock options to purchase a total of 3.8 million common shares. This includes options to purchase 3.1 million common shares granted to directors of the company. The options are exercisable for $0.15 each and will expire on July 9, 2013. One-half of the options will vest on January 9, 2009 and the balance will vest on July 9, 2009.

About Forterra Environmental Corp.

Forterra manufactures and markets powerful and environmentally friendly soil enhancers, using worm castings, which boost fertility while restoring the soil with organic matter for sustainable, longer-term benefits, including stronger root growth, and drought and pest resistance. Forterra products contain only organic material. They are ideal for golf courses, sports fields, lawn care, parks, nurseries, orchards, and vineyards. Essentially, Forterra uses red wriggler worms to convert organic waste into vermicompost or worm castings. Worm castings contain micronutrients, which are required for healthy plant development. Worm castings also contain microbes, which increase the rate at which plants take up available macronutrients and micronutrients. Further information is available on the company's website at www.forterra.com.

Forward-Looking Statements

This news release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, availability of resources, competitive pressures, changes in market activity, and regulatory requirements. Risks and uncertainties about Forterra's business are more fully discussed in the company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada. Forterra assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements.

The TSX Venture Exchange Inc. has neither approved nor disapproved of the contents of this news release.

Contacts: Forterra Environmental Corp. Donald Green Chairman and Chief Executive Officer [phone] Email: [e-mail] Website: www.forterra.com Wertheim + Company Inc. Richard W. Wertheim Investor and Media Relations [phone] Cell: [phone] Email: [e-mail]