BioShaft Water Technology Inc. Completes Sale.

IRVINE, Calif. -- BioShaft Water Technology Inc. (the "Company" or "BioShaft") (OTCBB:BSHF) is pleased to announce the completion and sale of a BioShaft plant in Jeddah, Saudi Arabia.

BioShaft has sold and installed a plant capable of treating 30 cubic meters (7,920 gallons) per day in Jeddah, Saudi Arabia. The client, Water Masters, purchased the BioShaft unit and installed it in a large exclusive residence.

Zuhair Fayez Partnership Consultants, a leading Saudi Arabian Architecture, Engineering and Industrial Engineering Consultant, recommended BioShaft's technology to Water Masters.

According to MENA Infrastructure.com Saudi Arabia has emerged as the Gulf's most attractive investment destination and Saudi Arabia plans to spend US$400 billion on infrastructure projects in the next five years as the kingdom seeks to benefit from lower construction costs amid the global financial crunch.

"BioShaft is continuing to work on international opportunities in projects and developments that want to install leading edge and environmentally conscientious technologies. This is an excellent opportunity for BioShaft to showcase our technology in a country that is still booming with construction in this tough economic environment. We look forward to working with our new customer in Saudi Arabia," said Hans Badreddine, president of BioShaft Water Technology Inc.

About Bioshaft Water Technology Inc.

BioShaft is a green innovative wastewater treatment technology based on Bio-Filtration utilizing biofilm carriers. These plants are made using the BioShaft Turbo Reactor that is at the heart of the wastewater technology. The plant has many benefits over traditional wastewater treatment systems, including the virtual elimination of sludge and odors and requires significantly less land. It is patented in the UK and the patent is pending in the United States. To date there are more than 30 waste water treatment plants throughout the world using this technology. www.bioshaft.com

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.