TSA Trans America Industrial Com Npv

Napier Environmental Technologies Inc. ("Napier") (PINK SHEETS:NAITF) has been
notified by Freeworld Coatings Global (JSE:FWD) ("Freeworld") of their intention
to exercise their option to acquire the North American operations of Napier.
Closing is expected to occur on April 30, 2009. Coincident with the closing,
Napier will enter into an interim Transition Services Agreement ("TSA") to
manufacture its current offering of products until Freeworld are in a position
to further assess the business. The responsibility for Napier personnel,
excluding administrative and finance personnel, premises costs and other
operational overhead shall be transferred to Freeworld upon closing. Based upon
the latest financial information, Napier will receive proceeds from Freeworld of
approximately $600,000, consisting of $100,000 for the IP, which has been
received, and the balance for production machinery and inventory. In addition to
these proceeds, Napier will retain all other net assets and the licensing
arrangement for the IP with a major paint manufacturer for the North American
market.


Napier is a Canadian company primarily engaged in the development, manufacture
and distribution of a wide range of products utilizing environmentally advanced
technology. The product lines include coating removal and wood restoration
products for both the industrial/commercial market and the consumer/retail
market. Upon completion of this transaction and upon the fulfillment of its
obligations under the TSA, Napier will no longer own the rights to these
products and will accordingly cease manufacturing.


This release and referenced materials contain forward looking statements that
are subject to a number of known and unknown risks, uncertainties and other
factors that may cause actual results to differ materially from those
anticipated in Napier's forward-looking statements. Such factors include, among
others, the major paint manufacturer discontinuing the sale of products
containing Napier's IP and Napier receiving no further royalty payments, the
going concern status of Napier, historical losses and cash flow, the future need
for capital and uncertainty of additional financing being available, the
potential dilution to shareholders, the historical lack of dividend payments,
dependence on key personnel, the influence of economic conditions, rate
fluctuations and conflicts of interest. For further details regarding such risk
factors, see the section entitled "Description of the Business - Risk Factors"
in Napier's annual information form dated March 25, 2008 and filed with the
British Columbia and Ontario securities commissions which can be found on SEDAR
at www.sedar.com. Although Napier has attempted to identify important factors
that could cause actual actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements.

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