SOURCE: W2 Energy Inc.

May 13, 2008 10:00 ET

W2 Energy Inc. Corporate Status Report

NEW YORK, NY--(Marketwire - May 13, 2008) - W2 Energy Inc. (PINKSHEETS: WTWO) (FRANKFURT: WJD), a developer of green energy, is pleased to announce a corporate status update.

Mr. Michael McLaren reports:

Form 10 and Bulletin board status

On May 12, 2008 the company submitted its sixth amendment of its form 10-sb. The company also submitted its documents to FINARA (formerly NASD) and only awaits the comment clearing letter from the SEC to begin quoting on the OTCBB.

Algae

September 13, 2007 the company announced it will test algae as a feedstock in its reactor technology. To date, the company has tested several strains of algae and is now in negotiations with a global provider of algae production systems to integrate the systems into our biomass to liquid plants. The Algae systems will provide a constant flow of high quality feedstock as well as be used to eliminate CO2 byproducts produced in the Gas to Liquid phase of the system.

Quotations

The company continues to quote micro GTL (Gas to Liquid) systems on the level of 100 barrels per day and smaller. W2 Energy is rapidly becoming the supplier of choice with these systems and, in the near term, hope to close 5 more systems to produce both liquid fuel and electricity.

Corporate Partnerships

W2 Energy continues to negotiate and execute corporate partnership opportunities. The companies Joint Venture strategy is working better than expected and the result of adopting our new strategy has attracted many new opportunities in the micro GTL market place.

About W2 Energy Inc.

W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.

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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