SOURCE: W2 Energy, Inc.

November 30, 2010 09:15 ET

W2 Energy, Inc. Acquires Hydrokinetic Laboratory, LLC

GUELPH, ON--(Marketwire - November 30, 2010) - W2 Energy, Inc., a clean energy company (PINKSHEETS: WTWO), announced today that it has purchased 100% of Hydrokinetic Laboratory, LLC (www.hklabllc.com), developer of the HyPEG underwater power system.

W2 Energy, Inc. introduces its new subsidiary, W2 Hydrokinetics (W2H), continuing its clean energy diversity expansion.

The HyPEG (hydro kinetically powered electrical generator) has the ability to harness water power from any moving body of water including rivers, streams, the ocean and even the Gulf Stream. It is ideal for small towns and villages, industrial complexes that require supplemental power sources to support existing power grids or in areas that are not connected to a power grid or the cost to hook up to the power grid is prohibited. The marketing team of W2 Energy is very excited about the prospects and will immediately begin making the information available to the market place worldwide.

W2 Energy will mate the HyPEG water power system with its SEGS system (Small Electrical Generating System), which will combine the water power from the HyPEG system, increasing the power output potential of its Co-generation offerings.

"Hydrokinetic Labs have developed the perfect system to link to SEGS systems," says Mike McLaren, President and CEO of W2 Energy. "We have already begun to design a complete water power generation system based on the HyPEG and SEGS technologies and patents."

The acquisition of Hydrokinetic Laboratory, LLC includes the rights to two patents pending for its HyPEG power system, which is environmentally friendly, operates out of site and under water in shallow bodies of water if necessary and does not disturb the habitat of marine life or birds and associated waterfowl. These differences alone give the HyPEG system several advantages over a conventional hydropower system.

W2 Energy trades in the United States on the OTC market under the symbol "WTWO."
For further information, please contact Mike McLaren at (519) 341 3185 or go to www.w2energy.com

Note: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in reports and filings with regulatory bodies.

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