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10.06.2008
Geoexchange Technology Provider – Essential Innovations Technology Corp. (ESIV) – Announces details on “The Vietnam Joint Venture Group”

Geoexchange Technology Provider – Essential Innovations Technology Corp. (ESIV) – Announces details on “The Vietnam Joint Venture Group”

Bellingham, Washington, June 10, 2008 – Essential Innovations Technology Corp. (OTCBB: ESIV – FRANKFURT: E6S) a United States-based Geoexchange Company, has signed a letter of commitment regarding the formation of 2 joint ventures in Vietnam. The specific purpose of the joint ventures is to establish both a global manufacturing and distribution headquarters for the ESIV proprietary geoexchange heat pump technology as well as a sales, design and installation capability within the Country of Vietnam.

ESIV is to partner in the joint ventures with a Vietnamese partner, Tien Thanh Environmental Consulting (“TT”), and with Ekistics Management Inc. (“Ekistics”), a Canadian based urban and town planning specialist. ESIV will hold its ownership stake in each of the JV companies through its Hong Kong subsidiary Essential Innovations Asia Limited (“EI Asia”).

In reference to Ekistics (www.ekistics.ca) - it is now researching and implementing geothermal technology in projects both nationally within Canada and internationally. Ekistics has completed the design work for over 35 residential and resort projects in China and are currently working on 15 new large scale master planned communities in twelve different cities in China, including Beijing & Shanghai.

Paul Rosenau, President of Ekistics, is currently spearheading the design of seven new 5-star resort golf course communities in China and Vietnam. These are: Sanya Four Seasons Golf Resort: a 300 room hotel and 36-hole golf course in Sanya, China; Du Jiang Yan Golf Resort: a 700 home and 36-hole golf course community in Chengdu, China; Hui Dong Golf Resort: a 300 unit, 18-hole golf course project in Hui Zhou, China; Tuyen Lam Lake Golf Resort: a 550 unit, 18-hole golf course resort in Dalat, Vietnam; Golden Sea Lake Resort: a 400 home and 36-hole golf course community in Beijing, China; Wan Sheng Ba Golf Resort: a 500 home and 18-hole golf course resort project in Chongqing, China; and Cu Hin Golf Resort: a 400 home and 36-hole golf course resort and hotel project in Cam Ranh, Vietnam.

Each of these projects represents a significant opportunity to employ Geoexchange technology and are being looked at as possible projects for which the Geoexchange technology manufactured by the Vietnam Joint Venture companies between EI Asia, TT, and Ekistics can or may be employed.

Stated Jason McDiarmid, President/CEO, ESIV, “Under the terms of the joint venture agreements EI Asia will hold a 75% stake in the manufacturing and distribution company, and a 40% stake in the Vietnamese sales and installation business. The Tien Thanh & Ekistics cooperative will then equally share 25% and 60% respective holdings in each of the JV companies. As per the understanding between our parties, TT & Ekistics are required to invest $750,000 USD for initial capitalization and as their financial contribution to the joint ventures for which they will then be assigned their equity ownership. In turn, technology, engineering, design, & installation expertise is to be provided by Essential Innovations, as it’s initial contribution to the JV companies.

Separate of the JV between our parties, TT & Ekistics have already purchased and own the land where the manufacturing facility is to be constructed. The JV companies will then enter into a long-term lease arrangement with TT & Ekistics for the exclusive use of the building. In this regards, ESIV management and Ekistics architectural specialists have now collaborated to develop preliminary design plans for this factory. The building is to be constructed on a site that has been purchased in the high-profile Hiep Phouc industrial park and customs clearance zone located and under development within Ho Chi Minh City. Construction for the manufacturing plant is set to get underway in the next 60 – 90 days, with a current target of being able to begin light production and equipment testing in the Spring of 2009, with the full-scale launch of the global manufacturing and distribution operation scheduled for late 2009. These joint venture companies are a culmination of a number of years of planning and efforts by ESIV to make a tangible and legitimate mark in the Asian marketplace. By moving the manufacturing of our leading edge Geoexchange technology to Vietnam it will allow us to become even more competitive in the domestic market and aggressively pursue distribution channels particularly throughout the United States. The opportunity to take advantage of the demand for Geoexchange technology across Asia in general is enormous. That said, with the added and unique benefit of the clientele already working throughout China and Vietnam with Ekistics and it’s President Paul Rosenau becoming available to the joint ventures for the purposes of promoting the use of Geothermal heating & cooling, it places the joint ventures in a truly exceptional position to be able to make a visible and verifiable long-term impact on the Geoexchange industry overall.”

Essential Innovations Technology Corp. provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company. 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 Investor Relations Inquiries related to ESIV please contact:

Allegiant Financial Group @ 1 866 669 8098

ESIV Direct Corporate 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.