Eagle Environmental Technologies Ltd, Reno, NV, (symbol EGVR, OTC Exchange, www.egvr.com), Brian D. Wilmot, CEO, announced on October 16, 2002 the securing of the final Settlement Agreement with Dunn Industrial. The suit involved the status of the ZawCAD equipment and payments due Mr. Dunn. Eagle has obtained the full agreement with Carl Dunn on mutually beneficial terms and conditions. "We are pleased with the final agreement", said CEO Wilmot, "as it removes a disconcerting liability from the company and allows us to move forward aggressively on the marketing of the ZawCAD equipment. Mr. Dunn will, and has already, assisted Eagle in adding additional customer leads for future sales."

Each unit, with related equipment and specialty use equipment, costs approximately $800,000. On a normal basis, it takes up to 4 weeks to construct one machine. Our associates in Albuquerque, NM will be constructing each unit under the supervision of our chief engineer, Jim Frye of EDC Engineering Inc.

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 209-736-2608.

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.

50 W. Liberty, Suite 880, Reno, NV 89501 (website at www.egvr.com)