GRIT International Inc.
FRANKFURT : 3GR1

GRIT International Inc.

October 21, 2009 16:00 ET

GRIT International Inc. Increases Contract Agreement With Target Rentals Ltd. to $174 Million by Adding to the Previously Stated $24 Million Blasting Painting and Supply Agreement

ANNOUNCES TO CAP THE CONTRACT AT $54.0 MILLION FOR CANADA'S INITIATIVES; AND EXTEND A CONTRACT CAP OF $120.0 MILLION FOR UNITED STATE'S MARKET PENETRATION INITIATIVES

GRANDE PRAIRIE, ALBERTA--(Marketwire - Oct. 21, 2009) - GRIT International Inc., ("GRIT")(FRANKFURT:3GR1) along with TARGET RENTALS LTD, ("TARGET") announces an exclusive manufacturing, blasting, painting and supply agreement of dual containment 500bbl invert tanks for a total $174.0 million CAD dollars; this 5 year contract will have $54.0 million allocated to Canada, and the balance of $120.0 million to be developed in the United States.

Target Rentals Ltd., is an innovative services solution equipment supply company; providing compelling solutions for the Oil & Gas Industry. Growth has been steady over the past years but it is necessary for Target to be able to supply to their customers their patent-pending dual containment invert tanks over the years to come.

The contract provided to GRIT allows Target to focus its resources and efforts on its customers first, and grow their inventory base to maximum utilization. GRIT will work closely with Target in assisting in meeting their inventory needs on consistent bases.

GRIT and TARGET foresee the innovative solutions; by using a dual walled containment unit:

- Environmental Sustainability

- Competitive costing analysis

-- No land preparation

-- No pilot cars

-- No Picker Truck

GRIT seeks like-minded companies with innovative solutions that have a sustainable future forecast. This will now allow GRIT to expand its operational thinking; and implement systemization and automations over the years to come.

TARGET RENTALS LTD., is a privately controlled Alberta (Canadian) Corporation; that has been growing over the past three (3) plus years of its existence; through the innovated thinking's of its founders. Contact pjanzen@targetrentals.ca for all your dual containment needs.

GRIT INTERNATIONAL INC., GRIT International Inc is a Canadian based company, incorporated in the State of Nevada; operating through its wholly owned subsidiary. Its goal is to become North America's number one (1) consumer of paint and coatings products, via the means of being a Industrially Specialized Service Provider in the Composite Abrasives Blasting & Paintings / Coatings Sector.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

(Please note a new website is under construction at this time www.gritintl.com to be available shortly).

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