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Non-Tech : Kelso Technologies VSE:KLS -- Ignore unavailable to you. Want to Upgrade?

To: John Carswell who wrote (2)	3/4/1998 8:15:00 PM
From: John Carswell	Read Replies (1) \| Respond to of 73

NEWS RELEASE KELSO TECHNOLOGIES INC. VSE:KLS.V KELSO TECHNOLOGIES ANNOUNCES INCREASE IN PRIVATE PLACEMENT Monday, March 3, 1998 (Vancouver, BC) - Further to the Company's announcement on February 24, 1998, the Company has increased its private placement from 659,000 Units to 691,500 Units. The additional 32,500 Units will be priced at $0.225/Unit, subject to regulatory approval, bringing the total proceeds to $106,162.50. The new placee will also be granted non-transferable warrants to purchase up to an additional 32,500 shares for a period of two years at a price of $0.225 per share if exercised in the first year and $0.26 per share if exercised in the second year. The proceeds of this private placement will be used for general working capital. Kelso Technologies Inc. has developed the JS75 SRV, an innovative new safety relief valve designed to help prevent explosions in tankers that contain hazardous materials such as liquid pressurized gases. Kelso Technologies is committed to developing its JS SRV technology to market a complete range of safety relief valves for a variety of areas including the rail, marine, trucking, petroleum, pipeline and boiler pressure industries. For more information about Kelso Technologies Inc. call the Investor Relations Department at 1-888-922-7822. (Signed) On behalf of the Board of Directors Stephen L. Grossman, President & CEO The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Suite 801 - 1318 Homer Street, Vancouver, British Columbia, Canada V6B 6A7 Telephone: (604) 899-1156 Toll Free: 1-888-922-7822 Facsimile: (604) 899-1144 Website: www.kelsotech.com