IMMEDIATE NEWS RELEASE

   

EAGLE ACQUIRES ADDITIONAL OIL AND GAS PROPERTIES

 

Eagle Environmental Technologies Ltd, Reno, NV, (symbol EGVR, OTC Exchange, www.egvr.com), John Bowles, Eagle’s Public Relations Consultant, announced effective November 19, 2004, Eagle has entered into the purchase of numerous oil and gas well assets from The Gordon Bros. Oil Co, Stroud, OK. The properties are located in varies counties of central Oklahoma. The current assets purchased are producing an annual gross cash flow of approximately $1.9mm. The properties are valued and certified by Independent Petroleum Engineers at over $75,000,000. Brian Wilmot, CEO of Eagle stated, “This venture gives Eagle the extensive cash flow from wells that have been steady producers for many years. These oil and gas fields have the potential for additional development and production.” Eagle’s various technologies, such as ZawCAD and ZawMET, 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.

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