VANCOUVER, British Columbia, March 9 /PRNewswire-FirstCall/ -- The following was issued today by Robert Kramer, Director, Current Technology Corporation (OTC:CRTCF) (BULLETIN BOARD: CRTCF) : Effective March 8, 2007, Current Technology (the "Company") became a minority participant in an undertaking designed to facilitate the transfer of a proprietary bitumen/heavy oil upgrading process to the oil industry in Venezuela. The proprietary upgrading process has been developed by TRU Oiltech Inc. ("TRU"), a subsidiary of Rival Technologies Inc. (Pink Sheets: RVTI). Venezuela's Orinoco heavy oil belt has massive reserves, estimated at 1.2 trillion barrels, comparable in size to Canada's oil sands reserves. TRU's technology appears to be well suited to upgrading heavy oil in Venezuela. The current cost for adding diluent or condensates to heavier oils represents approximately thirty per cent of the total cost per barrel for blended heavy oils. At current prices this cost can run to $18 (all funds USD) per barrel. Initial due diligence indicates the TRU process could potentially reduce this cost by $5 to $10 per barrel. Licencees (end users of the TRU technology) will pay a licence fee calculated as a percentage of ongoing savings resulting from use of the technology. Current Technology will participate in such ongoing revenue streams. This opportunity was presented to the Board of Directors by CEO Robert Kramer. Although it clearly falls outside of the Company's business activities, the Board has agreed to participate with Mr. Kramer as it believes this opportunity has significant potential which may benefit shareholders for years to come. ABOUT CURRENT TECHNOLOGY CORPORATION Current Technology Corporation remains committed to developing its non- invasive pulsed electro-stimulation technology. This technology has enabled the company to develop two separate and distinct products emanating from the TrichoGenesis platform, thus far, that offer help for those concerned with their hair: ElectroTrichoGenesis (ETG) and CosmeticTrichoGenesis (CTG). Current Technology holds patents throughout the world and has spent over US $15 million in research and development of its TrichoGenesis platform and systems. The patents encompass the technology, methodology and design of the Company's products. In addition, the Company is seeking other opportunities to enhance shareholder value. The news release contains forward-looking statements concerning the Company's business operations, and financial performance and condition. When used in the news release the words "believe," "anticipate," "intend," "estimate," "expect," "project," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contains such words. These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause such differences include but are not limited to technological change, regulatory change, the general health of the economy and competitive factors. Many of these factors are beyond the Company's control; therefore, future events may vary substantially from what the Company's currently foresees. You should not place undue reliance on such forward-looking statements. For further information, please contact: DATASOURCE: Current Technology Corporation CONTACT: corporate, Robert Kramer, CEO Current Technology Corporation, 1-800-661-4247; or IR, Richard Hannon of Polestar Communications, 1-866-858-4100, for Current Technology Corporation Web site: http://www.current-technology.com/

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