H2O Innovation : H2O Innovation awarded CAD$3.7 million in contracts for municipal & industrial water treatment projects. Final

   H2O Innovation : H2O Innovation awarded CAD$3.7 million in contracts for
  municipal & industrial water treatment projects. Final delivery of a large
     workers' camps project. Company also expands its systems sales force

All amounts in Canadian dollars unless otherwise stated.

Quebec City, March  21, 2013  - (TSXV:  HEO) -  H[2]OInnovation Inc.  ("H[2]O 
Innovation" or the  "Company") announces  today that it  was recently  awarded 
$3.7 million in  new contracts. These  new contracts bring  H[2]OInnovation's 
order backlog for water  treatment projects to $18.6  million as of March  20, 
2013.

Two of  the  contracts  announced  today will  see  H[2]O  Innovation  design, 
assemble, deliver  and  commission nanofiltration  drinking  water  production 
systems from surface water for  the two Canadian municipalities of  Waterville 
and Eastman, QC. A real estate developer and constructor active in the  State 
of New York has  also awarded a contract  to H[2]OInnovation for the  design, 
assembly, delivery and installation of a wastewater treatment system featuring
the Company's patented Bio-Wheel(TM) technology.

As part of  the other  contracts, H[2]O Innovation  will provide  custom-built 
water treatment systems  to industrial and  commercial end-users, including  a 
drinking water production unit for  a workers' camp to  an oil & gas  customer 
located in Alberta, Western Canada. "This new contract for a modular plant  in 
the oil & gas industry shows that we can now consider this kind of projects as
a growing and steady  line of revenues",  commented Frédéric Dugré,  President 
and Chief Executive Officer  of H[2]O Innovation.  Indeed H[2]O Innovation  is 
also proud  to announce  the final  delivery to  an oil  & gas  customer of  a 
previously announced  $9.4million  contract.  The  finished  water  treatment 
package will be  delivering 3,000m^3/d of  potable water to  a workers'  camp 
located north of Fort  McMurray, Alberta (see  picture below, left  hand-side, 
and video on  www.h2oinnovation.com). Two more  modular plants were  delivered 
last summer to another industry-leading oil & gas customer (see picture below,
right hand-side).

                                             
                                             
Workers' Camp, Fort McMurray, Alberta, Canada Workers' Camp, Alberta, Canada -
                 - Oil & Gas                             Oil & Gas
Final delivery of a drinking water production Modular turn-key packaged plants
                   package

Finally, H[2]OInnovation is pleased to announce a strategic hiring within its
North American systems sales  force. As Director of  Systems Sales USA,  David 
Faber has already taken  the lead of the  U.S. systems sales, closely  working 
with the  Company's existing  team of  sales experts,  notably Harbans  Kohli, 
Vice-President Systems Sales, who will now focus on major projects on the U.S.
territory.

Prospective disclosures
Certain statements set forth  in this press  release regarding the  operations 
and the activities of H[2]OInnovation as well as other communications by  the 
Company to  the public  that describe  more generally  management  objectives, 
projections,   estimates,   expectations    or   forecasts   may    constitute 
forward-looking statements  within  the  meaning  of  securities  legislation. 
Forward-looking statements  concern analysis  and other  information based  on 
forecast future  results  and the  estimate  of  amounts that  cannot  yet  be 
determined. Forward-looking  statements  include  the use  of  words  such  as 
"anticipate", "if",  "believe",  "continue",  "could",  "estimate",  "expect", 
"intend",  "may",  "plan",  "potential",  "predict",  "project",  "should"  or 
"will", and other similar  expressions, as well as  those usually used in  the 
future and the conditional,  notably regarding certain  assumptions as to  the 
success of a  venture. Those  forward-looking statements involve  a number  of 
risks and uncertainties, which may result in actual and future results of  the 
Company to be materially different than those indicated. Information about the
risk factors  to  which the  Company  is exposed  is  provided in  the  Annual 
Information Form dated September 25, 2012 available on SEDAR  (www.sedar.com). 
Unless required  to  do  so pursuant  to  applicable  securities  legislation, 
H[2]OInnovation assumes  no obligation  to update  or revise  forward-looking 
statements contained in  this press release  or in other  communications as  a 
result of new information, future events and other changes.

About H[2]OInnovation
H[2]OInnovation designs  and  provides  state-of-the-art,  custom-built,  and 
integrated water treatment solutions  based on membrane filtration  technology 
to municipal,  energy &  natural  resources end-users.  H[2]OInnovation  also 
provides a complete line of  specialty chemicals and consumables for  membrane 
filtration and reverse osmosis systems. For more, visit 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.

                                    - 30 -

Source:
H[2]O Innovation Inc. 
www.h2oinnovation.com

Contact:
Marc Blanchet
+1418-688-0170 
marc.blanchet@h2oinnovation.com

HEO_Press_Release_March_21_2013_ENG

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Source: H2O Innovation via Thomson Reuters ONE
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