JER Envirotech Announces Closing of Private Placements, Change of Auditor and Option Grant

VANCOUVER, BC (FRANKFURT: KFTB) is pleased to announce that, further to its news release dated April 15, 2008, it has received final TSX Venture Exchange acceptance with respect to the closing the first tranche of its non-brokered private placement.

The Company sold 1,931,559 units at a price of $0.33 per unit for gross proceeds of $637,415. Each unit consists of one common share and one half share purchase warrant of the Company. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.50 for a period of one year from closing date. These units are subject to a hold period expiring September 29, 2008. This closing is the first tranche of the Company's previously announced private placement of up to 8,000,000 units.

The Company shall pay $44,273 in cash as a finder's fee on a portion of this first tranche of private placement.

The Company also announces that further to its news release dated November 7, 2007 and December 10, 2007, it has received final TSX Venture Exchange acceptance with respect to the closing of the second and final tranche of its convertible debenture offering, for the gross proceeds of $30,000.

The convertible debentures are unsecured, bear interest at 12% per annum, and are convertible into units at the rate of $0.70 per unit. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole share purchase warrant is exercisable into one additional common share at a price of $0.90 per share for a period of two years. The convertible debentures mature two years from the date of issuance and are subject to a four-month hold period, expiring August 30, 2008.

The Company paid $2,400 in cash and 3,429 agent's warrants, each warrant being exercisable for a period of two years at an exercise price of $0.70 per share, as finder's fees on the second and final tranche of the convertible debenture offering.

Proceeds from both closings will be applied towards both the purchase of manufacturing equipment and general working capital.

Change of Auditor

The Company is pleased to announce that it has changed its auditors from BDO Dunwoody LLP, Chartered Accountants ("BDO") to HLB Cinnamon Jang Willoughby ("CJW") as the auditor of the Company.

At the request of the Company, BDO resigned as the auditor of the Company effective May 22, 2008. CJW will perform the audit of the Company's annual financial statements for the year ended August 31, 2008.

There have been no reservations contained in BDO's reports on any of the Company's financial statements relating to the financial years ended August 31, 2006 and 2007 or any subsequent period, and there are no reportable events (as defined in National Instrument 51-102 (Section 4.11)) between the Company and BDO. The Company will be filing the required reporting package in accordance with National Instrument 51-102.

Grant of Stock Options

The Company is pleased to announce that it has granted to officers, directors and consultants an aggregate of 550,000 stock options under its stock option plan. The options will be exercisable for five years at a price of $0.50 per share.

About JER Envirotech International Corporation

JER is a global manufacturer of thermoplastic biocomposite compounds and sheeting. The Company's patented technology utilizes waste or by-product materials, such as wood fibre or rice hulls, to produce environmentally friendly alternative products for applications in the construction, transport, automotive and toy industries. The Company currently has a range of biocomposite formulations which it developed in collaboration with the National Research Council - Industrial Materials Institute of Canada.

JER currently has manufacturing operations in Canada, Malaysia and the Philippines. The Company is publicly traded on the TSX Venture Exchange (TSX-V) under the symbol "JER" and on the Frankfurt Stock Exchange under the symbol "KFTB."

JER ENVIROTECH INTERNATIONAL CORPORATION

"Ji Yoon"

Mr. Ji Yoon
Chief Financial Officer
International: [phone]
[e-mail]

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release contains certain forward-looking statements that reflect the current views and/or expectations of JER Envirotech International Corp. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, demand for thermoplastic biocomposites, competition and our ability to implement our business plans and strategies in a timely manner or at all. These risks, as well as others, could cause actual results and events to vary significantly. JER Envirotech International Corp. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

(2008-05 #13)

Distributed by Filing Services Canada and retransmitted by Marketwire

For more information, visit www.jerenvirotech.com or contact: Mr. Ji Yoon Chief Financial Officer International: [phone] Email Contact Investor Relations: Mr. Mark Komonoski VP Corporate Communications Toll-Free: 1-877-255-8483 International: [phone] Email Contact Email: Email Contact