Mr. Fred Andriano reports

SHARC ENERGY ANNOUNCES EQUITY INCENTIVE GRANTS

Sharc International Systems Inc.'s board of directors has approved grants of stock options and restricted share units (RSUs) pursuant to the company's equity incentive plans.

The company has granted an aggregate of 9.59 million stock options to certain directors, officers and eligible participants of the company. Each option is exercisable at a price of nine cents per common share, vests immediately and expires on Oct. 2, 2029, subject to the terms of the company's stock option plan and applicable grant documentation.

The company has also granted an aggregate of 1,806,250 RSUs to non-executive employees pursuant to the company's restricted share unit plan. The RSUs will vest four months following the date of grant, subject to the terms of the RSU plan and applicable award agreements.

The equity grants are intended to align the interests of the company's directors, management and employees with the long-term interests of shareholders, and form part of the company's continuing compensation and retention program.

About Sharc Energy International Systems Inc.

Sharc International Systems is a world leader in energy recovery from the wastewater we send down the drain every day. Sharc Energy's systems recycle thermal energy from wastewater, generating one of the most energy-efficient and economical systems for heating, cooling and hot water production for commercial, residential, and industrial buildings along with thermal energy networks, commonly referred to as "district energy."

Sharc Energy is publicly traded in Canada (Canadian Securities Exchange: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).

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