PRESS RELEASES:

Ekwan-X, Inc. Retains Merchant Banking Firm to Raise $2,000,000

TORONTO, Feb. 11, 2005 (PRIMEZONE) -- Ekwan-X, Inc. (Pink Sheets:EKWX) today announced that it has retained Fleming Capital Management, LLC, a New York based merchant bank, to raise straight equity capital of US $2,000,000.

Ronald P. Russo, Jr., Managing Director of Fleming Capital Management, LLC, stated, "Market conditions for gold and precious metals look very promising for Ekwan-X. We are eager to assist Ekwan-X in meeting its ongoing financing needs. Our preliminary inquiries indicate that we maybe able to present a financing source to Ekwan-X in a relatively short time. We look forward to helping the company and its management realize its potential in this strong market.''

"We are pleased to have Fleming Capital working with us,'' said Ed Godin, Ekwan-X's President. ``We intend to make a committed effort, with the assistance of Fleming Capital, to complete the financing. Ekwan-X will not consider any financing that is toxic or detrimental to shareholder value. The proceeds will be used to fully develop the exploration program in Nevada.''

About Fleming Capital Management, LLC

Fleming Capital Management, LLC is a private, merchant banking firm headquartered in New York City dedicated to providing focused insight, capital, and corporate finance and advisory services to institutional investors and corporate clients in key growth sectors, including mining, technology, healthcare, media/education, and business/consumer services.

About Ekwan-X, Inc.

Ekwan-X is a mineral exploration company using hyperspectral imaging technology and will concentrate its resources to fully exploit the highly mineralized areas in Nevada, New Mexico, and Arizona. This technology allows for mineral mapping of the earth's surface at very rapid rates and substantial lower cost. A mineral map 2,000 feet wide and 100 miles long can be created in one hour compared to three years of conventional geochemical mapping. The use of such technology will provide Ekwan-X with a high probability of finding a mine.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.

On behalf of the board of Ekwan-X, Inc.

SOURCE: Ekwan- X Inc.

By Staff

CONTACT: Ekwan-X, Inc.
Ed Godin
+1-416-805-3036
www.ekwan-x.com

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