HEO H2O Innovation Inc

H2O Innovation Inc. ("H2O Innovation" or the "Company") (TSX VENTURE: HEO)(ALTERNEXT: MNEMO:ALHEO), a Canadian company specializing exclusively in water technology, announces the grant of share purchase options to members of its board of directors.

A total of 175 000 share purchase options are granted to the Company's external directors and to the secretary of the board, in accordance with the terms and conditions of its share option plan. This grant is effective as of today at the closing price of the Company's shares on the TSX Venture Exchange on December 8, 2008. Each share purchase option grants its holder the right to acquire one common share of the Company at a price of $0.32 before December 9, 2013.

About H2O Innovation

H2O Innovation's mission is to design, develop, produce and integrate state-of-the-art, environmental friendly products dedicated to the production of drinking water, the treatment of wastewater and industrial processed water, and the reclamation of water.

Prospective disclosures

This press release may contain prospective disclosures representing current expectations of H2O Innovation and are subject to certain risks and uncertainties. For details of these risks and uncertainties please refer to the Company's Annual Information Form dated September 26, 2008 available on SEDAR (www.sedar.com). H2O Innovation rejects any obligation to revise or update the prospective disclosures contained in this press release.

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

Contacts: H2O Innovation Inc. Guillaume Ducharme Director of Communications 418-688-0170 418-688-9259 (FAX) guillaume.ducharme@h2oinnovation.com www.h2oinnovation.com