Earthworks Acquires Interest in Cortina Project and Settles PWS Claims.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 6, 2003

Earthworks Industries Inc. ("Company") is pleased to announce that it has reacquired an interest in the Cortina project through an agreement with Pacific Waste Services, Inc. ("PWS") dated November 1, 2003. The Agreement provides, principally:

(a) for the buy-back from PWS of option rights earlier granted by the Company and its wholly owned U.S. subsidiary, Cortina Integrated Waste Management Inc. ("CIWM"), to PWS allowing it to acquire an interest in CIWM or in the waste management facility being developed by the Company and CIWM in Colusa County, California. PWS, in earlier years, provided extensive consulting services to CIWM with respect to the facility and had an option to, in lieu of invoicing for 50% of its charges, apply the amounts to the acquisition of up to a 25% interest in CIWM or the facility. The convertible amount was, as of November 30, 2002, $423,087 (Cdn.);

(b) termination of the British Columbia Supreme Court Action commenced earlier this year by PWS against the Company and its President, David Atkinson and of the Counterclaim filed by the Company.

In consideration of receiving the foregoing the Company has agreed to:

(1) pay PWS $150,000 (U.S.) by:

(i) $10,000 on execution of the Agreement;

(ii) $90,000 within 3 days after the delivery of certain ancillary documents and the date of the acceptance of the Agreement for filing by the TSX Venture Exchange ("Acceptance Date");

(iii) $50,000 on the latter of December 15, 2003 or the Acceptance Date;

(2) pay a further $175,000 (U.S.) in two installments of $87,500 each 6 months and 12 months, respectively, after the Acceptance Date; provided that the Company has been granted the right to satisfy these amounts by issuing shares of the Company to PWS at an agreed price of $1.10 (Cdn.) per share.

(3) issue PWS 500,000 shares of the Company - of which 150,000 will be issued and released to PWS immediately after the Acceptance Date. The remaining 350,000 will be held in a pool and released to PWS in eight quarterly installments, the first being 7 months after the Acceptance Date.

Management is extremely pleased that a mutually beneficial agreement was reached with PWS and as Mr. Atkinson, President of Earthworks, stated "the consolidation of the Cortina interests significantly strengthens the Company's position as we move forward with the development of the project".

The Agreement is subject to its being accepted for filing by the Exchange. The Agreement is being forthwith submitted to the Exchange for review by it as an Expedited Acquisition filing.

EARTHWORKS INDUSTRIES INC.

David Atkinson, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.