Seprotech Announces Fiscal Year End Results-Profitable Year and 140% Increase in

                                    Three Months Ended           Year Ended                                            August 31            August 31                                     2007        2006       2007      2006                               (unaudited) (unaudited)  (audited) (audited)                                     $000        $000       $000      $000--------------------------------------------------------------------------Revenue                             2,264         507      7,859     3,221Net Income (Loss)                     124        (383)       222    (1,044)Earnings (Loss) per share            0.00       (0.01)      0.01     (0.03)Shareholder Equity at end of year                          1,739       410Cash at end of year                                          912         -

"It has been an exciting year for Seprotech," said MartinHauschild, President and CEO of Seprotech. "Management ispleased with the financial results for 2007 combined withthe operational improvements and technological breakthroughswe have achieved this year."

"We have accomplished our key goal of recycling wastewaterto the highest international water quality standards withthe launch of CrystalBlue (TM)," continued M. Hauschild."Combined with a number of key agreements for productionand distribution, an OEM agreement with Toray of Japan andthe acquisition of P.J. Hannah Equipment Sales Corporation(scheduled to close on 03 December 2007), Seprotech is wellpositioned for growth."

Seprotech recently launched CrystalBlue(TM) at WEFTEC®in San Diego, the largest water quality exhibition in theworld. The power savings of up to 60% over competitive technologiesprovides an environmentally "Green" alternative and a costeffective solution for customers in both the developed anddeveloping world. The recycled water can be employed forgroundwater recharge, irrigation, and industrial uses allowinghigh cost drinking water to be used for human consumption.Seprotech has filed for CrystalBlue(TM) patent protectionand other technical releases relating to this technologywill follow.

"In conjunction with the launch of CrystalBlue(TM), Seprotechentered into an agreement with Toray of Japan for the incorporationof membranes into the technology," added Mr. Hauschild."Response from our customers has been extremely positiveand two CrystalBlue systems with Toray membranes are alreadyunder contract." Toray ()is a publicly traded Japanese multinational with over $12 Billion USD in revenue last fiscal year and 36,000 employeesworldwide.

"In preparation for the launch of CrystalBlue(TM), Seprotechentered into a number of important distribution agreementscovering North and Latin America," said Mr. Hauschild. "Ofstrategic importance, especially in light of the strongCanadian currency, has been our production and distributionagreement with Valsi of Mexico. The agreement opens bothestablished sales channels and leverages NAFTA by shiftingmanufacturing of high cost components to facilities in Guadalajara."Valsi is a major Mexican corporation having over 400 officesand manufacturing sites throughout Mexico.

"Another facet of Management's growth strategy centers onthe acquisition of P.J. Hannah Equipment Sales Corporation,based in British Columbia," continued Mr. Hauschild. "Seprotech'scustomer base in the resource sector has been growing steadilyand this deal provides Seprotech with essential coveragein Western Canada. In addition, the acquisition will provideskilled staff and distribution both key elements in achievingrapid growth for Seprotech," concluded Mr. Hauschild.

"To capitalize on the launch of CrystalBlue(TM), the Boardhas instructed Management to seek new strategic partnerships,to strengthen Seprotech's existing markets, and to expandbeyond Seprotech's traditional international sales regions,"said Justin Connidis, Chairman of Seprotech. "In addition,Seprotech has substantially increased its capital base andis now free of debt. We are working to increase visibilityin the investment community and broaden our base of institutionalshareholders in support of our strategy for growth," concludedMr. Connidis.

Seprotech is a provider of pre-engineered water and wastewatertreatment plants to the land development, resource sectorand military market place, including CrystalBlue membrane-basedwater recycling systems and the ROTORDISK® wastewatertreatment systems.

The TSX Venture Exchange has neither approved nor disapprovedof the information contained herein. Some of the statementsin this press release, including those relating to the Company'sstrategies and other statements that are predictive in nature,that depend upon or refer to future events or conditions,or that include words such as "expects", "anticipates","intends", "plans", "believes", "estimates" or similar expressions,are forward-looking statements within the meaning of securitieslaws. Forward-looking statements include, without limitation,the information concerning possible or assumed future resultsof operations of the Company. These statements are not historicalfacts but instead represent only the Company's expectations,estimates and projections regarding future events. The Companydoes not undertake any obligation to update or release anyrevisions to these forward-looking statements to reflectevents or circumstances after the date of this presentationor to reflect the occurrence of unanticipated events, exceptas required by law.