H2O Innovation to Release 2010 Q1 Financial Results on November 10, 2009 and to Hold Annual General Meeting of

QUEBEC CITY, QUEBEC, Nov 02 (MARKET WIRE) --
November 2, 2009 - H2O Innovation Inc. ("H2O Innovation" or the
"Company") (TSX VENTURE: HEO) (ALTERNEXT: MNEMO:ALHEO), (announces that
it will release the financial results for the first quarter of fiscal
2010 on Tuesday, November 10, 2009, at approximately 8 a.m. (Eastern
time).

H2O Innovation will hold a conference call at 10 a.m. (Eastern time), on
the same Tuesday, November 10, 2009 to review the results. The call will
begin with a presentation by Frederic Dugre, President and Chief
Executive Officer of H2O Innovation, and Annie Lemieux, Chief Financial
Officer of H2O Innovation. A question-and-answer period will follow. A
slide presentation intended for simultaneous viewing during the call will
be available the morning of November 10, 2009 on the Financial Reports
and Webcasts page of the Investors section of the Company's website.

Shareholders, analysts and institutional investors are invited to
participate. The numbers to dial for access are 514-392-1478 (Montreal
area) or the North American toll-free number 1-866-225-6564.
International participants are invited to dial +1 514-392-1478.

Media representatives and other interested parties may participate in
listen only mode or may listen to the live webcast of the conference call
(audio and slides) accessible through H2O Innovation's website at
www.h2oinnovation.com. The webcast will remain available for replay on
the Company's website for 90 days in the Investors section.

Annual General Meeting of Shareholders of H2O Innovation to be held on
November 18, 2009

The Annual General Meeting of Shareholders of H2O Innovation will be held
on Wednesday, November 18, 2009, at 10 a.m. (Eastern time) at the
Cafe-spectacle of the Palais Montcalm, 995 Place-d'Youville, Quebec City
(Quebec).

Philippe Gervais, Chairman of the Board, and Frederic Dugre, President
and Chief Executive Officer, are pleased to invite shareholders and other
interested parties to attend the meeting, during which they will review
the results of fiscal 2009 and provide an update on the Company's growth
strategy for 2010.

For those unable to attend in person, a live webcast of the meeting and
management presentation (audio and slides) will be available through the
Company's website at www.h2oinnovation.com. Following the meeting, the
webcast will also remain available for replay on the Company's website in
the Investors section.

About H2O Innovation

Exclusively dedicated to water treatment, H2O Innovation is establishing
itself as a key player in sustainable development and the field of clean
technologies. H2O Innovation designs, develops, produces, and integrates
state-of-the-art custom-built water treatment systems for the production
of drinking water, the reclamation of water, the treatment of wastewater
and industrial process water in the municipal, commercial, industrial,
mining, and energy markets. Additionally, the Company offers complete
operating and maintenance solutions for membrane filtration and reverse
osmosis systems. H2O Innovation has approximately 100 employees and eight
offices including three manufacturing and assembly plants in Canada and
the United States. Shares of H2O Innovation are listed on the TSX Venture
Exchange (HEO) as well as on the NYSE Euronext Alternext Exchange (MNEMO:
ALHEO). For more information about H2O Innovation, visit the Company's
website at www.h2oinnovation.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) nor the
Alternext Exchange accepts responsibility for the adequacy or accuracy of
this release.

Contacts:
Source:
H2O Innovation inc.
www.h2oinnovation.com

Guillaume Ducharme
1-418-688-0170 ext. 329
guillaume.ducharme@h2oinnovation.com

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