News Release

Non-Brokered Private Placement

Date: June 25 , 2003

TSX Venture Exchange Trading Symbol: WXI
http://www.wextech.ca
E-mail: wex@wextech.ca

International Wex Technologies Inc. (the "Company") announces the setting of a non-brokered private placement for 250,000 common shares at $1.60 per share with two-year warrant attached for 250,000 shares exercisable at $1.70 per share in the first year and $2.04 per share in the second year, expiring two years from the closing of the private placement. The proceeds of this private placement will be allocated toward the research and development of our products. Some finder's fees may be payable. The terms of this private placement are subject to approval by regulatory bodies.

In the area of neuro-bioscience, the Company is focusing on the fields of pain management, drug addiction treatment and anaesthesia. The Company is developing products that contain a sodium channel blocking compound and derivatives extracted from natural organic substances using its proprietary manufacturing technology.

For additional information on our products, view the Company website at http://www.wextech.ca or call Gordon Stanley at 604-683-8880 or 1-800-722-7549.

Per: Donna Shum, Corporate Secretary

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