Thermal Energy Conducts Non-Brokered Private Placement with Insiders



    OTTAWA, June 29 /CNW Telbec/ - Thermal Energy International Inc.
(TSX-V:TMG) (www.thermalenergy.com) today announced it has completed a
non-brokered private placement with five Directors of the Company comprising
37,500 common shares of the Corporation's stock at the deemed price of
$0.50 per share for gross proceeds of $18,750.00.

    About Thermal Energy

    Thermal Energy International Inc. is an innovative technology company
providing custom energy and emission reduction, and bioenergy solutions.
Headquartered in Ottawa, Canada, TEI is a designer, design build developer,
fabricator, and supplier of proprietary and patented energy conservation,
renewable energy and environmental technology solutions. Thermal Energy is a
fully accredited professional engineering firm, and offers advanced process
and applications engineering services. The Company is a proud member of the
Chicago Climate Exchange (CCX). FLU-ACE(R), DRY-REX(TM), THERMALONOx(TM),
THERMALOZOMAX(TM) and THERMAL-AUD(TM) are trademarks of Thermal Energy
International. GEM(R) is a trademark used under exclusive license from Gardner
Energy Management Ltd.
    For more information about Thermal Energy International Inc.
(TSX-V: TMG), visit our website at www.thermalenergy.com.

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    %SEDAR: 00007994E




For further information:

For further information: Stuart McCarthy, Thermal Energy International
Inc., Investor Relations and Communications, (613) 723-6776 x 220,
stuart.mccarthy@thermalenergy.com

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