Earthworks Inc.

Earthworks closes $1,364,460 private placement

Earthworks Industries Inc. is pleased to announce that it has received approval for – and has closed – the sale, by exempt private placement, of 6,822,300 Units – for $0.20 per Unit – to provide gross proceeds to the Company of $1,364,460. Each Unit consists of one share of the Company and one 1-year share purchase Warrant. 6,250,000 of the Warrants are exercisable for $0.21 per share. The remaining 572,300 Warrants are exercisable for $0.25 per share. The Warrants are subject to forced exercise requirements if the shares of the Company trade on the TSX Venture Exchange at or above $0.40 for 20 consecutive trading days.

Cash commissions of $13,000 are being paid.

Participants in the placement included the family Company of one of the Company’s Directors.

The shares issued as part of the Units – and any shares issued pursuant to the exercise of Warrants – will be subject to a non-trading hold period which will expire September 4, 2017.