Bioshaft Water Technology Inc. (fka BSHF)

[futrcash]

BIOSHAFT WATER TECHNOLOGY INC. RECEIVES U.S. PATENT

Irvine, California (March 16, 2009) BioShaft Water Technology Inc. (the
"Company" or "BioShaft") (OTC BB: BSHF) is pleased to announce that
it has received its United States Patent from the United States Patent and Trademark
Office for the BioShaft Wastewater Treatment plant and process.

The patent number is 7,488,413. 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: “We are extremely pleased to have the
patent application granted and the timing is excellent as we launch our pilot plant in
Nebraska.”

For further information, please contact:
Corporate Communications
Catarina Flack at [phone]
[e-mail]

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. www.bioshaft.com

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.

futrcash