ThermaFreeze Inc. Wins Benchmark Chromium/Hydrocarbon Remediation Contract in the United Kingdom.

Business Editors

SPOKANE, Wash.--(BUSINESS WIRE)--June 20, 2001

ThermaFreeze Inc.(TM) (OTCBB:THFZ) is pleased to announce that its European subsidiary, Environmental Reclamation Services Ltd. (ERS), has been awarded a contract to treat soil and groundwater for Alcan, at its David's Loan Rolling Mill site in Falkirk, Scotland.

Starting June 24, 2001, this contract with Alcan Rolled Products Ltd. is expected to be worth in excess of $250,000. Andrew Mackenzie, managing director of ERS, said, "The United Kingdom has recently introduced legislation forcing regulators and owners of pollution to take aggressive steps to identify and treat contaminated soils and waters. Although this legislation phases in over the next two years some companies such as Alcan have taken a responsible, pro-active approach to resolving their environmental problems. ERS has invested three years developing relationships with companies of Alcan's caliber and vision.

We anticipate continued growth and expansion of our operations in the UK as the country mobilizes to address substantial contamination issues. This contract for Alcan requires ERS to address chromium and hydrocarbon contamination of soils and hydrocarbon in groundwater using a number of proven techniques. It serves as a benchmark and pointer to other major companies of the capabilities of ERS and our focus on building long term relationships with major corporations."

"The award of this key contract to ERS is a direct result of long term investments in building relationships with major clients and developing a complete design-to-build capacity," states Donald Tulloch, CEO of Environmental Operations. "It would be erroneous to understate the value of the ability to assemble and provide a wide range of technologies without prejudice or limitations to specific processes. Major corporations want to build enduring relationships with design-to-build remediators who can address their full spectrum of concerns. The Alcan contract reflects our commitment to be this type of supplier. There is little doubt that we will see more major corporations building their remediation strategies around our ability to structure complete, cost effective programs specific to their needs."

ThermaFreeze(TM) Inc. is a consolidator and operator of environmentally related businesses. Acquisitions and growth focus on energy, air and water sectors. ThermaFreeze(TM) Inc. expects to sustain growth through its aggressive roll up strategy and internal synergies.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third party suppliers, intellectual property rights and the other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission Fair Disclosure Regulation, effective, October 2000.