Eagle Confirms Sale To Lockheed Martin Corporation

January 18th 2001,

Eagle Environmental Technologies Ltd, Sparks, NV, (symbol EGVR, OTC Exchange, www.egvr.com), Brian D. Wilmot, CEO, announced on January 12, 2001 that Eagle had booked its fourth quarter sales objective of $840,000 for the year 2000 as projected.

Eagle was able to obtain the first firm order for its innovative ZawCADÔ cryogenic process. Eagle will build the unit for summer 2001 delivery to Lockheed Martin Corporation. Lockheed will forward delivery of the unit to Environmental Protection Engineering S.A., Piraeus, Greece (EPE) as part of its offset credit program. This unit will be used for ship coatings or paint removal processes in the EPE shipyards. Eagle is currently negotiating with Lockheed for additional orders of equipment for shipment to Greece and other countries.

ZawCAD™ is a unique patented process that uses liquid nitrogen under extremely high pressure to remove coatings from various surfaces without damaging the underlying material (such as aircraft aluminum), nor creating any air pollution or any additional waste streams that are produced by other systems, such as water jets and sand blasting. EPE and Lockheed were impressed with the cost effective and environmental friendliness of the process as evidenced by previous demonstrations of the technology. Lockheed agreed to sponsor and use the equipment in its foreign sales programs. Lockheed has been an early supporter of the technology during its inception to its final marketing.

Eagle Environmental Technologies Ltd. is a systems integration and environmental product development company concentrating on recycling or eliminating hazardous waste, water filtration systems and high performance coating removal systems.

For information, call 800-210-5793, or Fax 775-331-2666, or egvr@aol.com

1380 Greg St, Suite 220, Sparks, NV 89431

NOTE: Statements contained in this release that are not strictly historical are “forward-looking’ within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties that may cause the company’s actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company’s ability to continue to develop its market, demand for the company’s products and services, general economic conditions, and other factors that may be more fully described in the company’s literature and any periodic filings with the Securities and Exchange Commission.