Claremont Technologies Corp Reorganization under Ch.11.

VANCOUVER, British Columbia -- At a July 24, 2005 hearing before the Honorable Judith Riegle, in the United States Bankruptcy Court for the District of Nevada, Claremont Technologies Corp (OTCBB:CTTG) consented to the entry of an Order for Relief under Chapter 11 of the Bankruptcy Code. The Company will remain as Debtor in Possession and the management appointed after March 25, 2005 will continue in place.

At the Hearing the Company also announced to the Court that it had prepared its proposed Plan of Reorganization and Disclosure Statement in support of the Plan. The Court has scheduled a hearing on the adequacy of the Disclosure Statement for September 19, 2005 at 9:30 am before Judge Riegle in the United States Bankruptcy Court, Courtroom #1, 300 Las Vegas Blvd. South, Las Vegas, NV 89101. Objections to the adequacy of the Disclosure Statement must be filed not later than September 12, 2005 at 5:00 PM PST. If the Court approves the adequacy of the Disclosure Statement, then creditors, shareholders and parties in interest will be given the opportunity to vote on the Plan.

Copies of the proposed Plan and Disclosure Statement may be obtained by contacting

Claremont Technologies Corp at the information provided below.

In addition, the Company has attached copies of the proposed Plan and Disclosure Statement to it's form 8-k file with the Securities and Exchange Commission. These copies may be downloaded from the Edgar archives maintained by the Commission.