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Forterra Abandons Share Consolidation

Toronto, Ontario, June 2, 2008 - Forterra Environmental Corp. (TSX VENTURE:FTE), announced that it does not expect to proceed with the recently approved share consolidation.

On June 4, 2008, shareholders approved a resolution authorizing the
consolidation of Forterra's common shares on up to a 1-for-5 basis. That
shareholder resolution gave the board of directors the authority not to proceed
with the consolidation or to consolidate the common shares on a basis less than
1-for-5.

The principal purpose of the consolidation was to allow for a financing by
Forterra, possibly including warrants or convertible debt. The TSX Venture
Exchange will not permit warrants or convertible debt exercisable at less than
$0.10 per share. The shares of Forterra were trading below this price at the
time the consolidation was announced and the consolidation was intended to
increase the share price.

The shares of Forterra have traded above $0.10 since shortly before the recent
shareholders meeting. The board of directors has concluded that the
consolidation is no longer necessary in order to proceed with a financing.
However, the board has reserved the right to proceed with the consolidation, if
necessary.

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.

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

 
 
 
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