Essential Innovations Technology provides Annual Update to the Investment Community

  
    
  
  
    
      Essential Innovations Technology Corp. (OTCBB: ESIV) is truly 
      pleased to be able to provide this corporate recap to its shareholders 
      and the investing public.
    
    
      Says Jason McDiarmid, President/CEO, “As our 
      Company fast approaches the Fiscal Year end at October 31st, we wish to 
      report to the investment community that we are extremely happy with the 
      significant growth and positive strides the Company has made over this 
      last year. The Company successfully completed the acquisition of Earth 
      Source Energy in the second quarter, and since then has experienced 
      tremendous upward momentum. We are actively working on dozens of 
      residential and commercial projects in the Canadian marketplace, and we 
      are also consulting, designing and negotiating multiple further 
      large-scale projects in the USA, Mexico, the Middle East and China.
    
    
      In recent news announcements we have spoken much about China, and the 
      efforts of the Company to aggressively seek relationships in the Chinese 
      marketplace that would allow us to expand our operations and technology 
      application potential. Our efforts in this regard have been particularly 
      fruitful with the execution of a JV for the manufacturing of our 
      proprietary geothermal heat pump equipment and an MOU granting 
      exclusivity to a truly unique geothermal loop-field technology that 
      substantially reduces the geo-field infrastructure cost. In the coming 
      weeks and months we look forward to updating our investment base on each 
      of these active Chinese business relationships as they continue to 
      evolve and flourish.
    
    
      Finally, amidst all of our on-going Geoexchange projects and global 
      manufacturing & distribution initiatives, we are striving to finalize 
      contracts that relate specifically to both a previously announced 
      drilling company acquisition, and a high-profile sustainable community 
      project whereby the Company is to exclusively provide the engineering, 
      installation, equipment supply, service, maintenance and long-term 
      geothermal utility solution.
    
    
      With all of these tangible business directives in place and a 
      socio-economic environment that puts renewable energy technologies and 
      innovative ”green” 
      development solutions at the vanguard, the future of our organization 
      appears incredibly bright and prosperous.”
    
    
      Geoexchange technology harnesses the earth’s 
      clean, renewable thermal energy stored just below the surface or in 
      large bodies of water for purposes of heating, cooling, domestic hot 
      water and/or dehumidification. A Geoexchange system is used to “exchange” 
      the earth’s natural heating and cooling 
      properties between a building and the ground. This non-combustion 
      transfer of energy is the source of performance and environmental 
      superiority, as Geoexchange systems need only a small amount of 
      electrical energy to then capture, move and concentrate a large amount 
      of free energy provided by the earth.
    
    
      Essential Innovations Technology Corp. provides cutting-edge Geoexchange 
      solutions for residential, commercial and institutional applications as 
      both a Geoexchange energy service company and as a manufacturer of 
      proprietary geothermal heat pump technology. The Company currently has 
      operations in the USA, Canada and Hong Kong; exclusive distributors in 
      Canada and Mexico; exclusive sales agents or sales agents in Mexico, 
      Hungary, China and Alaska; and is now actively seeking further 
      distributors, dealers and project opportunities throughout the North 
      American and international marketplace for its proprietary Geoexchange 
      systems and solutions.
    
    
      Forward-Looking Statements
    
    
      This news release contains "forward-looking statements," as that term is 
      defined in Section 27A of the United States Securities Act of 1933 and 
      Section 21E of the Securities Exchange Act of 1934. Statements in this 
      press release, which are not purely historical, are forward-looking 
      statements and include any statements regarding beliefs, plans, 
      expectations or intentions regarding the future. Investors are cautioned 
      that such forward-looking statements involve risks and uncertainties. 
      These statements include, but are not limited to, statements that do not 
      describe historical facts and statements that include the 
      word "believes," "anticipates," "expects," "plans," "intends," 
      "designs," “projects” 
      or similar language, as well as statements regarding consumer or 
      marketplace acceptance of the Company’s new 
      or existing products; comments concerning marketing and consumer 
      acceptance of proprietary products; the potential benefits of Essential 
      Innovations’ products; initiatives undertaken 
      by the Essential Innovations’ divisions; the 
      Company’s research, manufacturing and 
      facilities expansion programs; and the Company’s 
      growth, revenue, or projected earnings; all such statements which may or 
      may not occur in the future. These forward-looking statements are made 
      as of the date of this news release, and Essential Innovations 
      Technology Corp. assumes no obligation to update the forward-looking 
      statements, or to update the reasons why actual results could differ 
      from those projected in the forward-looking statements. Although we 
      believe that the beliefs, plans, expectations and intentions contained 
      in this press release are reasonable, there can be no absolute assurance 
      that such belief, plans, expectations or intentions will prove to be 
      completely accurate. Investors should consult all of the information set 
      forth herein and should also refer to the risk factors disclosure 
      outlined in our periodic reports filed from time to time with the 
      Securities and Exchange Commission.
    
  
Essential Innovations Technology Corp. (OTCBB: ESIV) is truly
pleased to be able to provide this corporate recap to its shareholders
and the investing public.

   Says Jason McDiarmid, President/CEO, "As our Company fast
approaches the Fiscal Year end at October 31st, we wish to report to
the investment community that we are extremely happy with the
significant growth and positive strides the Company has made over this
last year. The Company successfully completed the acquisition of Earth
Source Energy in the second quarter, and since then has experienced
tremendous upward momentum. We are actively working on dozens of
residential and commercial projects in the Canadian marketplace, and
we are also consulting, designing and negotiating multiple further
large-scale projects in the USA, Mexico, the Middle East and China.

   In recent news announcements we have spoken much about China, and
the efforts of the Company to aggressively seek relationships in the
Chinese marketplace that would allow us to expand our operations and
technology application potential. Our efforts in this regard have been
particularly fruitful with the execution of a JV for the manufacturing
of our proprietary geothermal heat pump equipment and an MOU granting
exclusivity to a truly unique geothermal loop-field technology that
substantially reduces the geo-field infrastructure cost. In the coming
weeks and months we look forward to updating our investment base on
each of these active Chinese business relationships as they continue
to evolve and flourish.

   Finally, amidst all of our on-going Geoexchange projects and
global manufacturing & distribution initiatives, we are striving to
finalize contracts that relate specifically to both a previously
announced drilling company acquisition, and a high-profile sustainable
community project whereby the Company is to exclusively provide the
engineering, installation, equipment supply, service, maintenance and
long-term geothermal utility solution.

   With all of these tangible business directives in place and a
socio-economic environment that puts renewable energy technologies and
innovative "green" development solutions at the vanguard, the future
of our organization appears incredibly bright and prosperous."

   Geoexchange technology harnesses the earth's clean, renewable
thermal energy stored just below the surface or in large bodies of
water for purposes of heating, cooling, domestic hot water and/or
dehumidification. A Geoexchange system is used to "exchange" the
earth's natural heating and cooling properties between a building and
the ground. This non-combustion transfer of energy is the source of
performance and environmental superiority, as Geoexchange systems need
only a small amount of electrical energy to then capture, move and
concentrate a large amount of free energy provided by the earth.

   Essential Innovations Technology Corp. provides cutting-edge
Geoexchange solutions for residential, commercial and institutional
applications as both a Geoexchange energy service company and as a
manufacturer of proprietary geothermal heat pump technology. The
Company currently has operations in the USA, Canada and Hong Kong;
exclusive distributors in Canada and Mexico; exclusive sales agents or
sales agents in Mexico, Hungary, China and Alaska; and is now actively
seeking further distributors, dealers and project opportunities
throughout the North American and international marketplace for its
proprietary Geoexchange systems and solutions.

   Forward-Looking Statements

   This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release, which are not purely historical, are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Investors are cautioned that such forward-looking statements involve
risks and uncertainties. These statements include, but are not limited
to, statements that do not describe historical facts and statements
that include the word "believes," "anticipates," "expects," "plans,"
"intends," "designs," "projects" or similar language, as well as
statements regarding consumer or marketplace acceptance of the
Company's new or existing products; comments concerning marketing and
consumer acceptance of proprietary products; the potential benefits of
Essential Innovations' products; initiatives undertaken by the
Essential Innovations' divisions; the Company's research,
manufacturing and facilities expansion programs; and the Company's
growth, revenue, or projected earnings; all such statements which may
or may not occur in the future. These forward-looking statements are
made as of the date of this news release, and Essential Innovations
Technology Corp. assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Although we
believe that the beliefs, plans, expectations and intentions contained
in this press release are reasonable, there can be no absolute
assurance that such belief, plans, expectations or intentions will
prove to be completely accurate. Investors should consult all of the
information set forth herein and should also refer to the risk factors
disclosure outlined in our periodic reports filed from time to time
with the Securities and Exchange Commission.