Aqua4 Inc. Settles Lawsuit With KPMG LLP.

Business Editors

HOUSTON--(BUSINESS WIRE)--June 20, 2003

Southwestern Water Exploration Company, a Colorado corporation doing business as Aqua4 Inc. ("Aqua4"), has settled a lawsuit filed in March 2003 against their former accounting firm KPMG LLP Canada. KPMG settled without any admission of liability or wrongdoing and without any acknowledgement that jurisdiction would have been proper in the USA.

Tor Boswick, the company's chief executive officer, stated, "We are very pleased to have resolved this matter as it relates to KPMG and look forward to returning our focus to the core of the business."

Aqua4 is a public corporation currently trading under the symbol "SWWE". Aqua4's goal is to provide fresh water to all viable end-users. The company has a unique position in that it intends to develop these water sources from deep underground aquifers. The company is able to identify these underground aquifers through the utilization of its database of historical information. Recently, Aqua4 has taken steps to expand the company and convert to a fully integrated natural resource company. A recent move to Houston is allowing Aqua4 to take advantage of the oil and gas industry, while focusing on their current water business.

Statements made in this press release include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "estimate," "expect," "intend," "anticipate," "should" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements due to a variety of factors, including the company's ability to obtain the water rights for identified water reserves, raise additional capital, implement its business strategy, or expand its business into oil and gas opportunities, the effects of federal and state regulations on exploration and drilling, and the company's drilling efforts may be unsuccessful. Information on other significant potential risks and uncertainties that may cause such differences include, but are not limited to, those mentioned by the company from time to time in its filings with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and, therefore, readers should not place undue reliance on these forward-looking statements.

For more information about Aqua4, please visit the Web site at www.aqua4.biz, or contact the company directly at their headquarters in Houston at 832/615-7320.