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14.04.2008
Essential Innovations Technology Announces On-going Financing


Essential Innovations Technology Announces On-going Financing

Bellingham, Washington, April 14th, 2008 – Essential Innovations Technology Corp. (OTCBB: ESIV – FRANKFURT: E6S) is truly pleased to announce to the investment community that it has successfully continued to raise on-going financing for the Corporation in the form of private placement investment and unsecured loans in excess of $1,100,000 USD since May 2007.

The funds invested in the Company from the sale of Rule 144 shares and non-interest bearing, non-recourse loans, have been utilized to provide the Corporation with the capital necessary to effectively execute its continued growth and re-structuring plan as had been previously described in the last public news release of May 11, 2007. During the remainder of Fiscal 2008, the Company will now continue to focus on the aggressive ramp-up of its manufacturing and distribution activities for it’s proprietary Geoexchange heat pump technology.

With regards to additional financing, the Company is now currently engaged in multiple discussions and negotiations with other outside equity investment sources and/or strategic business partnership candidates that could be capable of providing the Company with a larger scale equity financing during the Calendar year of 2008. The proceeds of such financing would then allow the Company to further expand operations, move in to full-scale production of it’s Geoexchange product line, launch a widespread sales and marketing campaign, take-out senior secured debt, begin working on further existing project opportunities and installations and as well as to provide some general working capital.

Says Jason McDiarmid, President/CEO, “As our Company moves through Fiscal Year 2008 and looks ahead to 2009, we are extremely thankful for the continued support that we have seen from those longstanding shareholders and management of the Company who have willingly re-invested significant capital over the last 12 month period so as to ensure the Company will have long-term success. The business relationships we have now solidified over this last year, most particularly in relation to the distribution and installation of our EI Elemental Geoexchange product line, should now provide a firm base to drive our business forward not only domestically, but into the international markets for many years to come. With the prospect of a larger financing round in the latter part of this year to provide to us the necessary capitalization to implement our overall business objectives now looking extremely promising, we remain ever confident that the future of the Company shall be a profitable one, and our many shareholders will achieve a strong long-term return on their investment.”

Essential Innovations Technology Corp. provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a Geoexchange energy service company and as a manufacturer of proprietary geothermal heat pump technology. The Company was incorporated in April 2001, and it has four wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong, SAR, China.

Geoexchange technology harnesses the earth’s clean, renewable thermal energy stored just below the surface or in large bodies of water for purposes of heating, cooling, domestic hot water and/or dehumidification. A Geoexchange system is used to “exchange” the earth’s natural heating and cooling properties between a building and the ground. This non-combustion transfer of energy is the source of performance and environmental superiority, as Geoexchange systems need only a small amount of electrical energy to then capture, move and concentrate a large amount of free energy provided by the earth.

For more information contact:

Jason McDiarmid
President & CEO
Tel: 360-392-3902
Fax: 360-733-3941
jmcdiarmid@eitechcorp.com
www.eitechcorp.com

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Investors are cautioned that such forward-looking statements involve risks and uncertainties. These statements include, but are not limited to, statements that do not describe historical facts and statements that include the word "believes," "anticipates," "expects," "plans," "intends," "designs," “projects” or similar language, as well as statements regarding consumer or marketplace acceptance of the Company’s new or existing products; comments concerning marketing and consumer acceptance of proprietary products; the potential benefits of Essential Innovations’ products; initiatives undertaken by the Essential Innovations’ divisions; the Company’s research, manufacturing and facilities expansion programs; and the Company’s growth, revenue, or projected earnings; all such statements which may or may not occur in the future. These forward-looking statements are made as of the date of this news release, and Essential Innovations Technology Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no absolute assurance that such belief, plans, expectations or intentions will prove to be completely accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our periodic reports filed from time to time with the Securities and Exchange Commission.