IMMEDIATE NEWS RELEASE

Eagle Environmental Technologies Ltd, Reno, NV, (symbol EGVR, OTC Exchange, www.egvr.com), John Bowles, Eagle’s Public Relations Consultant, announced effective August 1, 2004, the purchase of numerous oil and gas well assets from a Texas Corporation, Energy 2000, Inc. The properties are located in varies counties of Texas. The current assets purchased are producing an annual gross cash flow. The properties are valued on the Eagle audit at only a fraction of the reserves that have been certified by Independent Petroleum Engineers at over $48,000,000 (@$22. per bl). The management of Eagle feels that the true benefit to the company will be at the Independent Petroleum Engineers valuation as they are based on the recovery of the oil and gas. Brian Wilmot, CEO of Eagle stated, “This venture gives Eagle the desired cash flow and recognition needed to further the development of its water, propping agents for wells and ZawCAD technologies that are very beneficial to the oil and gas industry.” This purchase of assets is to be the first of numerous acquisitions planned by Eagle in the oil and gas business. Eagle’s various technologies have extensive potential for use in the oil fields.

Eagle Environmental Technologies Ltd. is a systems integration and environmental product development company concentrating on recycling and eliminating hazardous waste, water filtration systems and high performance coating removal systems, as related to the oil industry.

For shareholder or other information, call 866-896-5800

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)