SOURCE: W2 Energy Inc.

May 31, 2007 21:12 ET

W2 Energy Inc. Signs Letter of Intent

NEW YORK, NY--(Marketwire - May 31, 2007) - W2 Energy Inc. (PINKSHEETS: WWEN) (FRANKFURT: WJD), a producer of Green Energy, is pleased to announce it has signed a Letter Of Intent to fund the development of a heavy duty high throughput high density compactor for waste to energy plants, waste transfer stations and similar.

The concept and overall design are the response to the requirement for a revolution™ type waste processor of very heavy duty design, building on the experience gained with the existing 2000 series machines, capable of meeting both low and high throughput requirements, and suitable for direct feed (continuous or intermittent) of material into various designs of thermal waste to energy plants and high volume transfer containers or vehicles. The BF6000 once developed will be able to process large volumes of black bag and other general waste streams, and larger tough materials such as pallets and large bulky items.

Mr. Michael McLaren states, "We are very excited about this product as it will allow W2 Energy to be able to process all sorts of waste streams including municipal biomass into usable fuel for its biomass to liquid fuel plants." He also stated, "Our growing partnership with Zero Waste Energy will allow us to achieve our goal of being a producer of environmentally friendly liquid fuels and electricity as well as having the ability to market our technologies to third parties without defocusing W2 Energy from its business plan."

About Zero Waste Energy

Zero Waste Energy Systems Inc. (ZWES) www.zwes.ca is a Toronto, Ontario-based manufacturer of renewable energy and waste handling technologies. Its technologies include high-density compaction, modular thermophilic anaerobic digestion of green wastes, upgrading of heavy oil refinery residues, and encapsulation of inorganic residues. Its business model is to manufacture and sell equipment to the waste management industry; to build, own and operate green waste digestion projects; and to license its heavy oil technologies to refineries worldwide.

In 2006 ZWES executed a strategic partnership agreement with Siemens Building Technologies of Canada for the construction and operation of small scale distributed cogeneration plants for the greenhouse industry.

About W2 Energy Inc.

W2 Energy Inc. is a growing, publicly traded company on the OTC (Symbol WWEN) and FRANKFURT (Symbol WJD) that develops renewable energy technologies and applies it to new generation electrical power systems. Specifically, W2 Energy Inc. produces Green Power utilizing its core-patented technologies to produce green power generating and clean transportation fuel plants utilizing biomass and GTL technologies. W2 Energy Inc. has seasoned management and cutting edge technology. W2 Energy Inc. owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.

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