Napier Environmental Technologies Inc.: Hardman Report Updates Corporate Coverage

    VANCOUVER, B.C.--March 12, 2001--Napier Environmental Technologies Inc. is pleased to report that we have received an updated in depth analytical report by Hardman & Co. dated March 9, 2001.
    Hardman and Co. is recognized as one of Europe's top independent research firms specializing in the coverage of "ethical" and "green" companies. Napier has been notified by Mr. Hardman that the report has been circulated to 6,000 institutional subscribers via the Multex system and subsequently sent to 27,000 trade desks via First Call.
    Hardman & Co. published an initial report on Napier, May 11, 2000 and has since followed the progress of the company. The current report is 8 pages covering in detail both the industrial and retail product lines including independent projections for sales revenues over the next 2 years as well as his estimates of the 5 month period just ending. The report was compiled after site visits and interviews with management. Management has reviewed Mr. Hardman's numbers and is satisfied that they are a fair representation of the company's potential.
    The analytical report is available by contacting Don Mosher at 604-801-6664, on the company website www.napierenvironmental.com or from nir@direct.ca.

On Behalf of the Board of Directors Bradley T Aelicks, President

    The Toronto Stock Exchange neither approves nor disapproves the contents of this news release which was prepared solely at the discretion of management.