PRESS RELEASES:

Ekwan-X Completes First Tranche of Financing

TORONTO, March 4, 2005 (PRIMEZONE) -- Ekwan-X, Inc. (Pink Sheets:EKWX) is very pleased to announce an initial financing of $100,000. This round of financing is the first tranche of funds to be raised in the $2,000,000 financing announced earlier this year. The funds were realized in a private placement to accredited investors. Ekwan-X is commencing in its plan to complete a major hyperspectral survey in the State of Nevada. Ed Godin, CEO of Ekwan-X states, ``We are pleased with the response from the investment community in regards to financing the venture. We are in discussion with several major financial groups to complete the $2,000,000 financing.''

Ekwan-X, Inc. is a mineral exploration company using hyperspectral imaging technology. Ekwan-X will concentrate its resources to fully exploit the highly mineralized areas in Nevada, New Mexico, and Arizona. The State of Nevada has been chosen for Ekwan-X's first exploration program due to the prolific gold production and recent huge gold discoveries such as the new Placer Dome discovery in the Cortez Region of Nevada.

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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