HEO H2O Innovation Inc

H2O Innovation Inc. ("H2O Innovation" or the "Company")(TSX
VENTURE:HEO)(ALTERNEXT:MNEMO:ALHEO), a complete water treatment solutions
company providing custom designed water treatment systems along with operating
and maintenance solutions, announces the amendment of its stock option plan and
the grant of stock options to certain members of its Board of Directors.


The Company's stock option plan has been amended to, among others, (i) increase
the number of common shares available in the plan from 3.4 million to 5.5
million shares, which represents approximately 10% of the issued and outstanding
common shares of the Company; (ii) increase the maximum term of stock options
from 5 to 10 years; (iii) increase the vesting period from 18 months to 24
months; and (iv) update the general terms and conditions of the former stock
option plan in light of the recent changes to the applicable securities
legislation and to the policies of the TSX Venture Exchange. The amended stock
option plan remains subject to the approval of the TSX Venture Exchange.


Furthermore, the Company wishes to announce that a total of 205,000 stock
options were granted today to its five independent directors, the whole pursuant
to the terms and conditions of the Company's newly amended stock option plan.
Each stock option entitles its holder the right to acquire one common share of
the Company at a price of $0.75 before November 27, 2019.


About H2O Innovation

Exclusively dedicated to water treatment, H2O Innovation is establishing itself
as a key player in sustainable development and the field of clean technologies.
H2O Innovation designs, develops, produces, and integrates state-of-the-art
custom-built water treatment systems for the production of drinking water, the
reclamation of water, the treatment of wastewater and industrial process water
in the municipal, commercial, industrial, mining, and energy markets.
Additionally, the Company offers complete operating and maintenance solutions
for membrane filtration and reverse osmosis systems. H2O Innovation has
approximately 100 employees and eight offices including three manufacturing and
assembly plants in Canada and the United States. Shares of H2O Innovation are
listed on the TSX Venture Exchange (HEO) as well as on the NYSE Euronext
Alternext Exchange (MNEMO: ALHEO). For more information about H2O Innovation,
visit the Company's website at www.h2oinnovation.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) nor the Alternext
Exchange accepts responsibility for the adequacy or accuracy of this release.

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