Scorpex Signs $90 Million Equipment Contract

Scorpex, Inc. (Pinksheets: SRPX) (the "Company"), an emerging leader of industrial, hazardous and toxic waste disposal services in the Baja Mexico/California region, signed a contract with International Environmental Technologies, Inc. (“IET”) for the acquisition and installation of waste gasification/thermal oxidation equipment and licenses for a purchase price of USD $90,000,000.

Scorpex has agreed to a total purchase price of USD $90,000,000. As the terms of the agreement, the purchase price will be paid in four payments as follows: USD $27,000,000 upon release of funds from the lender; USD $27,000,000 upon IET’s delivery of a certification that the shop drawings and other engineering work for the installation of the equipment has been completed; USD $27,000,000 upon IET’s delivery of a certification that the erection of the steel framework for all units has been completed, and USD $9,000,000 upon the final check-out, testing of the unit, and commissioning.

Chief Executive Officer Joseph Caywood stated, “We are very anxious to start installing this equipment and continuing our infrastructure construction. I expect to have debt financing finalized for this larger contract prior to January 1, 2012, and construction in progress during Q1 2012.”

About Scorpex, Inc.

Scorpex, Inc. is taking the necessary steps to own and operate a full service waste disposal and recycling company capable of storing and disposing all types of waste, including those classified as industrial, toxic, and hazardous. The location chosen for the first Scorpex plant is strategically positioned to accommodate the vast region of Baja California, Mexico.

For more information, visit www.scorpex.com.

This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.