W2 Energy Continues to Expand Algae to Bio-Diesel Opportunities

TORONTO, Oct 29 (MARKET WIRE) --
W2 Energy Inc. (PINKSHEETS: WTWO), a developer of green energy, is
pleased to announce it has signed a preliminary joint venture letter of
intent with Coastal Capital Acquisition Corporation to design, construct
and operate an Algae to Bio-diesel facility in the state Florida, in the
United States.

W2 Energy has an all in one system that grows, harvests and dries algae
for use in the production of bio-diesel. This technology also creates a
valuable by-product in dried algae for future feedstock. This opportunity
will allow W2 Energy to showcase its Technology and get it out into a huge
market place. W2 Energy expects to sign the formal joint venture agreement
with Coastal Capital Acquisition Corp in the near future.

Remember W2 Energy is a net user of CO2. It generates carbon free power.
Garbage is a renewable resource.

W2 Energy trades in the United States on the OTC under the symbol "WTWO."
For further information, please contact Mike McLaren at (519) 341 3185 or
www.w2energy.com.

NOTE: Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Act of 1995. Such
statements involve known and unknown risks, uncertainties and other
factors that may cause results to differ materially. Such risks,
uncertainties and other factors include but are not limited to new
economic conditions, risk in product development, market acceptance of
new products and continuing product demand, level of competition and
other factors described in reports and filings with regulatory bodies.

Contact:
W2 Energy Inc.
www.w2energy.com
Phone 519 341 3185

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