In addition, on completion of Hydro's share purchases as well as Hydroganic's successfully completing the commercial production from its first VGS, then Valcent shall offer first rights to deploy VGS, and any related or subsequent VGS modifications to HG for a term of 3 years with the right to renewal on certain conditions.

Hydroganics has a working relationship with a number of growers in Australia who see significant advantage in the HDVGS approach to vegetable supply and preliminary discussions with one of Australia leading supermarket chains has resulted in a high level of interest. The reduced level of water usage, the ability to reduce the length of the supply chain in an environment of significantly increased fuel costs combined with increased production efficiencies and reduced land usage successfully address current issues in the Australian agriculture sector.

Glen Kertz, Valcent's President and CEO, commented, "The recent devastating drought conditions experienced by Australian growers emphasizes Valcent's position that sustainable, renewable, high density crop technology, sited in urban areas and using only five percent of the water of conventional crops, is critical in insuring food supply at reasonable cost. Valcent anticipates the application of HDVGS to be ubiquitous across agriculture globally and this is the first tangible evidence of this proposition. We are very impressed with Hydroganic's management's history and expertise in the commercial nursery and agricultural industry."

About Valcent Products Inc:

Valcent Products Inc. (OTCBB: VCTPF) develops highly innovative consumer and industrial products and processes for global markets. A pioneer and leader in ecotechnology with its core research and development in sustainable, renewable, and intense growth of agricultural products, all Valcent products and processes have patents or patents pending on integral technologies. For more information, visit: www.valcent.net.

Safe Harbor for Forward Looking Statements: Except for historical information contained herein, the contents of this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors addressed in the company's filings with the Securities and Exchange Commission.

CUSIP: 918881103

Contacts:
Valcent Products Inc.
Steve McGuire
Investor Relations
1-866-408-0153 or 1-800-877-1626

Valcent Products Inc.
Gerry Jardine
Investor Relations
1-866-408-0153 or 1-800-877-1626

Valcent Products Inc.
Mike Parker
Investor Relations
1-866-408-0153 or 1-800-877-1626
Website: www.valcent.net

Vorticom Public Relations
Nancy Tamosaitis
Media Relations
(212) 532-2208
Email: Nancyt@vorticom.com

SOURCE: Valcent Products Inc.

http://www.valcent.net
mailto:Nancyt@vorticom.com