News Release

Non-Brokered Private Placement

Date: July 22 , 2003

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

Due to the oversubscription of the non-brokered private placement set by International Wex Technologies Inc. (the "Company") on June 25, 2003, the company announces the setting of another non-brokered private placement for 100,000 common shares at $1.60 per share with two-year warrant attached for 100,000 shares exercisable at $1.71 per share in the first year and $2.05 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

The Canadian Venture Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.