• Gross proceeds of $2.2 million will strengthen balance sheet and help fund increasing production of organic solid and liquid soil-enrichment products
• Final closing to be completed next week for additional proceeds
• Six institutional investors subscribe for 67% of the offering
• Company also announces granting of incentive options

Toronto, Ontario July 10, 2008 - Forterra Environmental Corp. (TSX-V: FTE-V), an emerging leader in the production and sale of premium organic soil-enrichment products based on worm castings, today announced that it has raised gross proceeds of approximately $2,196,500 through the first closing of a private placement of 14,643,333 Units. As announced on June 27, 2008, the Units consist of one common share and one-half common share purchase warrant entitling the holder to purchase one common share at $0.25 per warrant on or before July 9, 2010.

The company expects to complete a second and final closing of the private placement of Units on July 15, 2008 for gross proceeds of approximately $335,000.

The common shares and common share purchase warrants from the first closing are subject to a four-month hold period expiring on November 10, 2008.

“We are very pleased that this private placement was well received by institutional investors,” said Donald Green, Chairman and Chief Executive Officer. “Approximately 67% of the private placement was subscribed for by six prominent Canadian-based investment fund managers.

“We will be using these funds to strengthen our balance sheet and to provide the working capital needed to support our increasing production of our solid Forterra Worm Castings and liquid Forterra Worm Tea Castings products.” Mr. Green added.

Euroglobal Capital Partners Inc. acted as agent for the offering. The agent received non-transferable agent’s warrants to acquire 1,003,800 Units at a price of $0.15 per Unit at any time on or before July 9, 2010.

Forterra also announced that it has granted incentive stock options to purchase a total of 3.8 million common shares. This includes options to purchase 3.1 million common shares granted to directors of the company. The options are exercisable for $0.15 each and will expire on July 9, 2013. One-half of the options will vest on January 9, 2009 and the balance will vest on July 9, 2009.

About Forterra Environmental Corp.

Forterra manufactures and markets powerful and environmentally friendly soil
enhancers, using worm castings, which boost fertility while restoring the soil
with organic matter for sustainable, longer-term benefits, including stronger
root growth, and drought and pest resistance. Forterra products contain only
organic material. They are ideal for golf courses, sports fields, lawn care,
parks, nurseries, orchards, and vineyards. Forterra produces commercial
quantities of premium worm castings year round at its Toronto plant.
Essentially, Forterra uses red wriggler worms to convert organic waste into
vermicompost or worm castings. Worm castings contain micronutrients, which are
required for healthy plant development. Worm castings also contain microbes,
which increase the rate at which plants take up available macronutrients and
micronutrients.

Forward-Looking Statements

This news release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially from those
reflected in these forward-looking statements. Such statements are based on
current expectations, are subject to a number of uncertainties and risks, and
actual results may differ materially from those contained in such statements.
These uncertainties and risks include, but are not limited to, availability of
resources, competitive pressures, changes in market activity, and regulatory
requirements. Risks and uncertainties about Forterra's business are more fully
discussed in the company's disclosure materials, including its annual
information form and MD&A, filed with the securities regulatory authorities in
Canada. Forterra assumes no obligation to update any forward-looking statement
or to update the reasons why actual results could differ from such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information:
Don Green
Chairman and Chief Executive Officer
Phone: 905-634-8647
Email: green@forterra.com