Current Water Technologies Inc. Completes Successful Ammonia Treatment Demonstration at Gold Mining Operation Located Within the World Famous Abitibi Mining Region

GUELPH, Ontario, June 01, 2018 (GLOBE NEWSWIRE) — Dr. Gene Shelp, President and CEO of Current Water Technologies Inc. (TSX-V:WATR) (“CWTI” or “the Company”), is pleased to announce that the Company has completed a highly successful demonstration project with its patented ammonia treatment technology (“AmmEL System”) at a Canadian gold mining site located within the Abitibi Mining Region of Central Canada. This follows successful demonstration projects previously conducted within the Abitibi Mining Region and in Western Canada.

The versatile, state-of-the-art AmmEL demonstration scale unit treated approximately 4 m3 per hour of mine wastewater effluent containing ammonia levels ranging from 40-50 mg/L. The system effectively maintained the ammonia level in the treated water below the required level of 10 mg/L at inlet wastewater temperatures ranging from 3-6 oC (see Figure 1).

The AmmEL-LC Electrochemical Ammonia Treatment System is a two-stage process consisting of ion exchange, followed by electrochemical oxidation of ammonia to environmentally friendly nitrogen gas (N2). Designed to achieve high ammonia removal rates in industrial and municipal wastewater, groundwater sources and industrial process waters, the technology does not produce nitrate, a known carcinogen, or the greenhouse gas nitrous oxide (N2O). Unlike conventional biological systems, the technology is also not adversely affected by low water temperatures (>0°C) and has the ability to achieve very low ammonia levels in treated streams (<1 mg NH4/L). The system can be implemented as a full-scale, stand-alone treatment plant or as a complementary upgrade to conventional methods at new or existing water treatment facilities.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0942c1ae-236f-406c-b54f-7b1b7260e8e9

In contrast to competing physicochemical approaches for the treatment of ammonia, CWTI’s innovative ammonia treatment system is extremely efficient even under the high hardness (high calcium and magnesium) conditions characteristic of mine wastewater.

Dr. Shelp commented that “CWTI is extremely pleased with these results as they confirm our previous field testing and establish the benefits of CWTI’s leading-edge AmmEL system for the treatment of ammonia in mine waste water”.

As part of the next step, CWTI has been invited by the industry partner to participate in a “Brain Storming Session” in late June.

The Canadian Mining Industry is a world leader in water management and environmental stewardship. CWTI welcomes the opportunity to work closely with the Canadian Mining Industry with the goal of establishing a solid platform for Canadian technology innovators to succeed within Canadian and international markets.

About Current Water Technologies Inc.

CWTI is a “Technology Company” applying its patented and proprietary “Electrochemical Technologies” to the treatment of waste water, desalination water and drinking water contaminated by metals or nutrients, e.g., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol “WATR”.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@currentwatertechnologies.com
Web Site: www.currentwatertechnologies.com

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Current Water Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks.  These forward-looking statements speak only as of the date hereof.  Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and “confident” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Current Water believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. Current Water undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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