TMX group

QUEBEC CITY, Dec. 6 /CNW Telbec/ - The management of H2O Innovation
(2000) Inc. ("H2O" TSX V : HOI) wishes to inform its shareholders of its
intention to propose the nomination of an additional member for its Board of
Directors at the Annual and Special General Meeting of the Shareholders to be
held on December 7, 2005 at 2 p.m.

New candidacy for the Board of Directors

The management intends to submit the candidacy of Mr. Jacques Putzeys to
the shareholders for the position of director of H2O. This proposed change to
the composition of the Board of H2O is further to the private placement
recently completed with the Amsterdams Effectenkantoor B.V. group ("AEK"),
among others. This candidate is in addition to the candidates proposed by the
management, namely Messrs. Guy Goulet, FrDedDeric DugrDe, John G. Booth,
Philippe Gervais, Tony Bergeron and AndrDe Duquenne.
Mr. Jacques Putzeys is a Belgian national with extensive experience in
the financial markets. He has directed several banks (FORTIS in New York,
NAGELMAECKERS in Brussels), where he acquired great expertise in the fields of
corporate auditing, control and financing. Mr. Putzeys was also a co-founder
and officer of a technology stock market in Europe (EASDAQ), which he
integrated into NASDAQ. He chaired the Market Authority and participated in
the admission of 53 companies to the Exchange. Mr. Putzeys serves as Chairman
of the Supervisory Board of the French corporation THEOLIA S.A.

Consolidation of Shares

As provided in the H2O proxy circular dated October 26, 2005, the
shareholders will also be asked to vote on a special resolution for the
consolidation of the 93,256,011 Common Shares currently issued and
outstanding, on the basis of 10 currently issued shares for 1 new Common
Share. No fractional Common Share of H2O will be issued to the H2O
shareholders following the consolidation. Any fractional share of less than
one half (1/2) share will be cancelled without compensation and any fractional
share greater than one half (1/2) share will be increased to one (1) Common
Share. Following this consolidation, nearly 9,325,601 new post-consolidation
shares will be issued and outstanding.
This consolidation is being done to favour and facilitate the investments
of various institutional investors, especially European investors, following
major issues of shares and convertible securities by H2O over the past few
months. The realization of this consolidation is also conditional on obtaining
the final approval of the TSX Venture Exchange Inc. for this purpose.
Following approval by its shareholders and the TSX Venture Exchange Inc.,
H2O will proceed with the filing of amending clauses and will send each of its
shareholders, through its transfer agent and registrar, a transmittal form
containing the conditions and instructions required in order to proceed with
the exchange of currently issued and outstanding shares for the new Common
Shares issued following the consolidation.
Moreover, the warrants currently issued and outstanding will be adjusted
automatically, according to their terms and conditions, as at the effective
date of consolidation to adjust the exercise price of these warrants and the
shares that may be acquired following this consolidation.

AEK private placement

H2O also wishes to remind its shareholders that the closing of the second
portion of the private placement concluded with AEK, which was announced by
press release this November 21, should be completed on or about December 7,
2005, upon receipt of all of the authorizations required by the competent
securities authorities.

About H2O

H2O's mission is to develop, manufacture and market innovative,
environmentally friendly products, intended for production of drinking water
and treatment of sewage and industrial process water.

The TSX Venture Exchange assumes no responsibility for the relevance or
accuracy of this press release.