Essential Innovations Wins ''Richmond 20TEN (Thermal Energy Network)'' Contract

Essential Innovations Technology Corp. (OTCBB: ESIV), a
United States-based Geoexchange Energy Service Company, has been
awarded a contract by the city of Richmond, Vancouver, Canada, to
provide a Thermal Energy Network for the Richmond Oval. The project, a
CAD $178-million speed skating facility, will be constructed for the
2010 Vancouver/Whistler Olympics. ESIV will also provide a Thermal
Energy Network for an adjacent 2,500-unit residential development
project, the construction of which will coincide with the building of
the Oval.
   Under the terms of the agreement, Essential Innovations's wholly
owned subsidiary, Earth Source Energy Inc., will be responsible for
the design, finance and construction of the Thermal Energy Network
infrastructure. Earth Source Energy will also operate and maintain the
system long-term. The Thermal Energy Network will provide heating and
cooling energy to the Richmond Oval and the adjoining development
projects. The system will also be equipped to expand to other adjacent
parcels in the future.
   Lynn Mueller, Vice President of Earth Source Energy, said: "Once
completed, the 20TEN project will prevent the emission of 10,000 tons
of CO2 per year. It will create a significant revenue stream for the
City of Richmond while helping homeowners save money on their home
heating and air conditioning bills. The first residential units should
be ready for occupancy in 2008, with the final units completed and
occupied by 2012."
   Earth Source Energy is partnering with Innergex II Income Fund and
its affiliate Innergex Power Income Trust (TSX: IEF.UN) to provide the
necessary funding to facilitate the installation of the
infrastructure. The city of Richmond will be responsible for repayment
of the funding through the revenue generated by the long-term
operation of the Thermal Energy Network.
   Jason McDiarmid, President and CEO of Essential Innovations, said:
"This project will constitute the most advanced, economically
sustainable temperature geothermal energy utility in the world. It
will result in a significant reduction in pollution, locally and
globally, and set a benchmark for the city of Richmond, as well as
Canada, in terms of environmental leadership. We believe the Richmond
20TEN project will be recognized as the model for future large-scale
development projects around the world."

   About Essential Innovations Technology Corp.

   Essential Innovations is a Geoexchange Energy Service Company that
utilizes proprietary turnkey Geoexchange systems and solutions to
deliver heating, cooling and dehumidification, as well as domestic hot
water to residential, commercial and institutional applications. The
Company's unique "one-stop-shop" approach to Geoexchange technology
applications incorporates all the requisite pockets of technological
expertise required for "best-practices" design and implementation in
one integrated package.
   Essential Innovations currently has operations in the United
States, Canada and Hong Kong; exclusive distributors in Canada and
Mexico; and exclusive and non-exclusive sales agents in Mexico,
Hungary, China and Alaska. Additional information may be found at
www.eitechcorp.com and www.earthsource.ca

   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
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"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. 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.