Aqua-Pure Ventures Named to Artemis Project™ Top 50 Innovators List

Leading wastewater recycling company, Aqua-Pure Ventures, honored for second consecutive year by The Artemis Project.

Fort Worth, TX, May 18, 2011 --(PR.com)-- Aqua-Pure Ventures, Inc. (AQE – TSX Venture), the premier recycler of industrial wastewater in North America, today announced that it has been chosen by The Artemis Project™ as a 2011 Top 50 Water Companies Competition winner. This is the second consecutive year Aqua-Pure has been named among the most innovative and promising companies in the water technologies industry.

“The Artemis Top 50 is the water industry’s benchmark for recognizing innovation that will matter. It identifies the entrepreneurs that are applying technology to meet the world’s water challenges,” noted Laura Shenkar, principal at The Artemis Project. “Water tech is quickly becoming an engine for economic development and job growth. With these awards, we strive to identify the companies offering the most promising technologies coming onto the market.”

Aqua-Pure has developed and refined its patented, industry-leading technology for recycling flowback and produced water over the past seven years in North Texas’ Barnett Shale. During that time, the Company, through its subsidiary Fountain Quail Water Management LLC, has recycled more than 700 million gallons of shale gas wastewater that would otherwise have been injected into disposal wells and permanently removed from the hydrological cycle. The company’s technology is also currently being utilized in the Marcellus Shale and plans are underway to expand into additional shale plays across North America this year.

“We are pleased to be recognized by The Artemis Top 50 again this year,” said Richard Magnus, chairman of Aqua-Pure Ventures. “We believe the work we are doing is absolutely essential for our environment and for the future of the natural gas production industry. It is always gratifying to be honored by experts in our field.”

Winning companies were revealed at the Ontario H20 Global Water Leadership Summit running through tomorrow at the Metro Toronto Convention Center in Toronto, Canada. Culled from over 200 nominations — a 30 percent increase from 2010 — the companies named to the 2011 Top 50 list are applying innovative technologies to provide more sustainable water management. They are helping to manage infrastructure, recover valuable resources from waste, and preserve natural ecosystems. They work in energy and consumption, in fields such as energy-efficient wastewater treatment, reverse osmosis desalination, smart watering, biosolids conversion to energy, pollutant biodegradation, and Software-as-a-Service solutions for monitoring water distribution networks.

For a complete list of the 2011 Top 50 winners, visit www.theartemisproject.com/competitionpage.html.

About Aqua-Pure Ventures Inc.
Aqua-Pure (www.aqua-pure.com) is the premier recycler of industrial wastewater in North America. The Calgary-based oilfield engineering and services firm has developed and commercialized cutting-edge technology that transforms wastewater from a liability to an asset. Aqua-Pure’s municipal and oil and gas wastewater services and technology solutions ensure environmental sustainability through the utilization of patented and proprietary technologies. The Corporation’s common shares are listed on the TSX Venture Exchange under the trading symbol "AQE."

About The Artemis Project
The Artemis Project is a boutique consulting practice dedicated to helping companies thrive in a world of increasing water scarcity. We operate at the intersection of corporate strategy, advanced technology, investment and policy. We work with global corporations to achieve a sustainable competitive advantage through operational excellence in water management and assist advanced water technology companies in maximizing the value they bring to their customers. For more information, visit www.theartemisproject.com.

Contacts:
Richard Magnus Laura Shenkar
Chairman, Aqua-Pure Principal, The Artemis Project
rmagnus@aqua-pure.com laura@theartemisproject.com
Tel: (403) 301-4123 Tel: (415) 751-0100
Cell: (403) 471-8733

This press release contains forward-looking information including but not limited to future development plans and anticipated operations. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include but are not limited to financing risks, risks arising from volatility in the oil and gas industry and ongoing operational risks.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Larry Jackson
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