Wataire Industries Inc Announces Restructuring of Board and Management.

VANCOUVER, British Columbia -- Wataire Industries Inc. (PINK SHEETS:WTAF) Wataire Industries Inc., a world class manufacturer of atmospheric water generators, announced today the restructuring of the company.

Mr. Maxwell Weissengruber has been appointed President of Wataire Industries to replace Mr. Phil Fraser, who will be stepping down from the position.

Mr. Fraser will become Chairman of the Board and will continue to oversee the operations of the company.

Mr. Terrance Nylander has been appointed General Manager in charge of production. Mr. Nylander will oversee day to day operations of Wataire's manufacturing plant as well as continue his assistance with Mr. Roland Wahlgren in the research and development department.

Mr. Scott Boyd has resigned his position as regional manager of Wataire in Nova Scotia to pursue interests in the political arena in Cape Breton Nova Scotia.

Max Weissengruber

From 1993 to 2000, he was Managing Partner of Acris Partners specializing in small business consulting in conjunction with his role as a Professor of Entrepreneurship with the Canadian School of Management, an Executive MBA program based in Toronto. From 1987 to 1993, he was Marketing Director with Wilson Learning Canada, a world wide management and Sales Training organization where he helped develop a major Sales and Service Training Curriculum for General Motors and a specialized Leadership Management training program for IBM in Hong Kong. He also spent four years with KPMG Consultants dealing with small - medium sized businesses across Canada seeking managerial and financial assistance to help grow their businesses in a more disciplined fashion.

He is a graduate in Social Sciences from Michigan State University and has also taught in the Business Programs at the University of Toronto.

Mr. Terrance Nylander

Terry Nylander is a Business Development and a R&D Researcher and has successfully built several prototype electric remote control golf caddies and water-making appliances that make potable water from the available moisture in the air. His innovative ability attracted interest from several Business Groups around the Globe who are pursuing the rights in distributing and manufacturing the appliance. Mr. Nylander has filed a Design Patent and established an ongoing relationship with Key Patent holders of similar technology. This is leading toward a merging of technology for a new process that makes potable water using much less energy than conventional systems.

Chairman P.R. Fraser stated, "Mr. Weissengruber is a welcome addition to Wataire, his experience in sales and marketing will certainly be an asset to the company and enable Wataire to establish a strong sales and marketing team. Mr. Nylander has already proven himself in the company and is a natural fit with our manufacturing team."

About Wataire

Wataire was formed by a team of veteran executives with extensive experience in developing and bringing innovative products to market. The team is comprised of leaders and advisors who have extensive backgrounds in business administration, project management, manufacturing, international distribution, sales, and marketing. Wataire is committed to providing an array of innovative solutions that will help prevent fresh water shortages.

On behalf of the Board

P.R. Fraser

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 risks 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, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.