Current Water Technologies Inc. Due Diligence Report Tickers: TSXV: WATR | OTC: ENPRF Price: $0.035 CAD | $0.03 USD Common Shares 212,275,038 Warrants: 57,150,500 @ $0.06 CAD Options: 22,450,000 @ $0.06 CAD Insider Holdings: 41,214,638 or 19.4% Website: www.currentwatertechnologies.com Company Description Current Water Technologies Inc. was incorporated on February 15, 1996 under the laws of the Province of Ontario. The company provides innovative patented and proprietary technologies for the treatment of ammonium in municipal and industrial waste water and the resulting production of green hydrogen gas; the safe transport, storage and husbandry of fresh water and sea water animals; and the production of high purity water for the energy, pharmaceutical and microelectronics industries. In January 2018 Current Water Technologies Inc. acquired Pumptronics Incorporated, which operates as a division of the Company and functions as an integrated pump station manufacturer specializing in custom design and automation. Together, Current Water Technologies Inc. and Pumptronics Incorporated (“Current Water” or “the Company” or “the Corporation”) can provide increased breadth and depth of technical services and manufacturing capabilities around the world. 2023 Performance Revenue: $3,239,770 Profit: $804,125 Balance Sheet Total Assets: $1,400,212 (Cash - $378,623) Total Liabilities: $1,093,130 Management Discussion Highlights Overall performance Current Water continues to focus on marketing and business development efforts during the current year via establishment of strategic alliances and non-exclusive and exclusive distributorships. The Company is currently marketing its technologies in North America, Australia, Asia, Europe, the Middle East, South America and Africa. Current Water’s revenue of $1,545,699 increased for the quarter ended September 30, 2023 as compared to $1,447,152 for the same period in 2022. This increase was due to the timing in the number of projects for both Current Water and Pumptronics. Subsequent Events October 18, 2023, The Company provide shareholders and supporters with the following corporate update. In-house Interactive Pilot Scale Investigative Studies Currently, CWTI is conducting stage 1 in-house pilot scale investigative studies for several municipal and industrial clients. For our clients these studies are an important proof of concept step prior to adopting our innovative technologies. Our interactive program format enables client participation following completion of the optimization stage of the test program. Successful investigative studies should lead to an On-site Pilot/Demonstration Project and subsequently, a commercial installation. Aquaculture Activities In the third quarter, CWTI received a purchase order for four additional AmmEL-Aqua ammonia treatment systems. The systems are scheduled to be delivered during the fourth quarter 2023. CWTI is optimistic that sales of AmmEL-Aqua systems will significantly increase in 2024 as our partners launch their innovative, best-in-class service for transport and storage of live aquatic animals utilizing container equipped with BlueVita Technology. Pumptronics Activities Following a busy first quarter, sales were relatively quiet during the second quarter. However, the sales and design team was very active with the submission of fifteen quotations primarily for large to medium flood control/irrigation pumping systems. August 2023, a purchase order was received for a large flood control pumping system, as well as those for multiple smaller systems. Multiple sales for large to midsize pumping stations are anticipated during the final quarter of 2023.