SOURCE: W2 Energy Inc.

June 09, 2008 09:45 ET

W2 Energy Inc. Corporate Status Report

NEW YORK, NY--(Marketwire - June 9, 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:

OTCBB listing

On May 30th, 2008 the company submitted its comment clearing letter from the SEC to FINRA in regards to comments received from the submission of its 15C211. The company is presently awaiting a response from FINRA.

Quotations

The company continues to quote its biomass to liquid fuel systems and is presently quoting systems as small as 10 barrels per day up to 2,000 barrels per day of liquid fuel from a variety of feedstock.

Joint Ventures

On April 23, 2008 the company announced the pursuit of a joint venture with Cobal Chile. To date the project is moving forward well and is in the final stages of financing. The Company expects to have further information on the project within the next 90 days.

On June 4, 2008 the company announced the pursuit of a joint venture with TecFuels LLC. The project is in the early stages of financial approval. The company expects further developments within the next 60 days.

Joint Ventures, Partnerships and Acquisitions

W2 Energy is actively pursuing joint venture partnerships and acquisitions. The company is in the process of negotiations with several potential partners for joint venture relationships. W2 Energy is also in negotiations with a few potential acquisition candidates and is presently evaluating the corporate synergy and technologies of these candidates. The company is aggressively pursuing acquisition candidates with technologies in the field of alternative energy 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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