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BioShaft Water Technology Inc. Receives U.S. Patent Allowance

Tuesday, November 11, 2008

Irvine, CA -- BioShaft Water Technology Inc. (the "Company" or "BioShaft")(OTCBB: BSHF) is pleased to announce that it has received a Notice of Allowance from the United States Patent and Trademark Office regarding its patent application for the BioShaft Wastewater Treatment plant and process.

Upon issuance, BioShaft's unique process of treating wastewater will be protected by a patent in the United States. The Company currently holds a patent in the United Kingdom and has filed a PCT application as well.

Dr. Hans Badreddine, president of BioShaft, said: "The patent protection in the United States is very valuable to the Company as we seek to implement our environmentally friendly, virtually sludge free wastewater treatment plants in the United States. We intend to work with engineering companies and all levels of government to demonstrate the benefits of BioShaft's wastewater treatment plants."

About BioShaft Water Technology Inc.

BioShaft is a green innovative wastewater treatment technology based on Bio-Filtration utilizing biomass carriers. These plants are made using the BioShaft Turbo Reactor that is at the heart of the wastewater technology. The plants have many benefits over traditional wastewater treatment, including the virtual elimination of sludge and odors and requires significantly less land. It is patented in the UK and the patent is pending in the United States. To date there are more than 30 waste water treatment plants throughout the world using this technology.

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

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