SOURCE: W2 Energy, Inc.

January 27, 2011 11:34 ET

W2 Succeeds in 2010 and Plans for 2011

GUELPH, ON--(Marketwire - January 27, 2011) - W2 Energy, Inc. (PINKSHEETS: WTWO) is pleased to announce that 2010 was a great year with many significant achievements, and 2011 promises to be another successful year.

2010 Highlights

W2 Energy designed, built and filed patents for the SteamRay Rotary Engine, the SunFilter Algae Reactor and the NT Plasmatron Low Temperature Gasifier.

W2 Energy completed the purchase of two technology companies -- Free Drive EV, Inc., the manufacturer of the Solar Bug solar-electric vehicle, and Hydrokinetic Laboratory, LLC, the designer of cutting-edge hydropower technologies.

W2 Energy sold a Renewable Energy Engine system to the Arizona Research Institute for Solar Energy, signed up its first dealers for the Solar Bug, and signed a term sheet to buy Agri-Green Biodiesel, Inc.

W2 Energy moved from a 5,000 square foot factory at 18 Airpark Place in Guelph to a 10,000 square foot factory at 335 Woodlawn Road West in Guelph.

A Look Ahead to 2011

In 2011, W2 Energy plans to update its website, create a fully working gas-to-liquid plant which can convert any hydrocarbon feedstock into diesel fuel, jet fuel, gasoline and electricity, expand its W2 Solar division, and sell the first Solar Bug.

For further information, please contact Mike McLaren at 775-461-5277 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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