FTI Announces Proposed Private Placement and Appoints New Director

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Mr. William Hullah, President of FTI Foodtech International Inc. (the "Company")
(TSX VENTURE:FTI) is pleased to announce the company will enter into
non-brokered private placement financing agreements with certain investors,
including officers and directors of the company, whereby the subscribers have
agreed to purchase up to five million units of the company (the "units") at the
price of $0.10 per unit for total proceeds to the company of $500,000. Each unit
shall consist of one common share of the company and one common share purchase
warrant (the "warrants"). Each Warrant will entitle the holder to purchase one
Common Share at a price of $0.15 per share for a period of 24 months following
the closing date.


The proceeds will be used for exploring other ventures and opportunities and for
the continuing administration expenses of the company. A finder's fee, in
accordance with the policies of the TSX Venture, may be payable in cash and/or
securities of FTI Foodtech International Inc. with respect to the private
placement.


The completion of the Offering is subject to the approval of TSX Venture and the
receipt of all other necessary regulatory approval.


The Company also wishes to welcome Mr. Boris Ziger HBa, MBA, of Toronto to join
the Company's Board of Directors. Mr. Ziger has earned a Master of Business
Administration Degree from the Odette School of Business and an Honour Bachelor
of Arts Degree in Economics and Psychology from York University. Mr. Ziger has
worked in both the banking and investment industries as a senior account
executive and investment adviser where he assisted companies to gain access to
capital markets and in the evaluation of new projects.


We seek safe harbour.

The company is listed on the TSX Venture Exchange under the symbol "FTI"

FTI Foodtech (TSXV:FTI)
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