CIMATEC ENVIRONMENTAL ENGINEERING INC.
TSX VENTURE : CEG

CIMATEC ENVIRONMENTAL ENGINEERING INC.

November 10, 2006 15:27 ET

Cimatec Files Amended Interim Financial Statements

TORONTO, ONTARIO--(CCNMatthews - Nov. 10, 2006) - Further to the news release dated October 19, 2006, Cimatec Environmental Engineering Inc. (TSX VENTURE:CEG) ("Cimatec") today announced that it has filed the following amended disclosure documents:

1. interim consolidated financial statements for the three months ended March 31, 2006; and

2. interim consolidated financial statements for the six months ended June 30, 2006.

Cimatec is filing the above amended financial statements to correct inadvertent errors in the amounts entered under the Statement of Operations in the consolidated financial statements for the three months ended March 31, 2006, and to account for the recalculation of stock option expenses incurred in 2005, and the value of warrants issued in 2005, as set forth in the revised audited consolidated financial statements for the year ended December 31, 2005, filed on November 7, 2006. Subsequent to issuing the consolidated financial statements for the year ended December 31, 2005, an error was identified with respect to the volatility factors used in calculating the values of stock options granted and warrants issued during 2005.

The amended interim financial statements have been posted on SEDAR and may be viewed at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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