NEW YORK, NY–(EMWNews – July 30, 2008) – W2 Energy Inc. (PINKSHEETS: WTWO), a developer

of green energy, is pleased to announce a corporate status update.

Mr. Michael McLaren reports:

Bulletin board status

The company received comments from FINRA regarding its latest submission

for an OTCBB listing. The company has addressed the comments and

re-submitted the application on July 22, 2008.

Frankfurt Quote

On July 15th 2008, the company de-listed its common stock from the

Frankfurt exchange. The company is presently working on a fully reporting

listing with a separate class of shares and different CUSIP number and

expects the listing to be active within the next 120 days.

Quotations

The company continues to receive several inquires per day for our Modular

Micro GTL plants. The demand for our product is increasing rapidly and we

are pursuing the qualified applications. The company expects to execute on

5 more joint venture partnerships before end of 2008

Joint Venture Partnerships

W2 Energy received a purchase order from Better World Energy on July 17

2008 for US$7,900,000 the company will now issue an invoice with terms and

conditions and accept a deposit of 20%, following the receipt of the

deposit the company will begin the design of the 40 ton plant. Once the

design plans are approved the company will receive 50% of the plant cost

and then 20% upon completion of the manufacturing stage. The company will

receive the last 10% prior to shipping the product overseas.

On July 22, 2008 W2 Energy received a purchase order from Cobal Chile for

US$12,900,000 the company will now issue and invoice with terms and

conditions and accept a deposit of 20%, following the receipt of the

deposit the company will begin the design of the 40-ton plant. Once the

design plans are approved, the company will receive 50% of the plant cost

and then 20% upon completion of the manufacturing stage. The company will

receive the last 10% prior to shipping the product from W2 Energy.

W2 Energy’s plants are skid mounted and modular and flexible systems, they

are manufactured and tested prior to shipping.

Technology

The company is presently pursuing a number of technologies that are

complementary to our Modular Waste to Energy plants. These technologies

include algae production systems, solar generators for the remote

production of liquid fuel from stranded natural gas wells and stranded coal

deposits.

About W2 Energy Inc.

W2 Energy Inc. is a growing, publicly traded company that develops

renewable energy technologies and applies it to new generation power

systems. Specifically, W2 Energy Inc.’s plasma assisted biomass-to-energy

plants utilize state of the art technologies to produce green energy both

fuel (sulfur free diesel) and electricity at the most efficient cost in

capital investment and production per/barrel, per/Megawatt.

Safe Harbor for Forward-Looking Statements: Except for historical

information contained herein, statements are forward-looking statements

that are made pursuant to the safe harbor provisions of the Private

Securities Litigation Reform Act of 1995. Forward-looking statements

involve known and unknown risks and uncertainties, which may cause the

company’s actual results in the future periods to differ materially from

forecasted projections. These risks and uncertainties include, among other

things, energy market volatility, product demand, market competition, and

risk inherent to the company’s research and development operations.