Mr. Roger A. Rached, President of INTERNATIONAL HI-TECH INDUSTRIES INC. (the "Company") is delighted to announce that its majority-owned subsidiary, IHI International Holdings Ltd. ("IHI International") has established its fourth joint venture for the United States with its existing Florida, Georgia and Texas J.V. Partner Hi-Tech America Development Corp.

Hi-Tech America Development Corp. will contribute U.S. $10 million for a 49% interest in the joint venture for the factory to be established in The State of California. An irrevocable down payment of U.S. $180,000.00 on account of a license fee of U.S. $1,200,000 covering one factory for the State of California has been paid. In addition, Hi-Tech America Development Corp. will pay to IHI International the remainder of the license fee covering the above factory by July 5, 1999. Second and third license fees of $1,250,000 must also be paid for two additional potential factories by August 1, 1999 and August 1, 2000.

The business venture will involve the application in California of the insulated concrete and steel panel-based building technology licensed to IHI International. "We are very excited to now have four joint ventures in the most populous and high-growth regions of the United States!" said Mr. Rached. "California's rigorous building codes are easily met by the Hi-Tech System which has undergone stringent seismic testing for strength and endurance. The entire state will benefit from residential and commercial buildings that have been designed to withstand earthquakes. The presence of a low-cost source of high quality structural building products will encourage development in all areas."

Through IHI International, the Company will continue to develop international strategic alliances in order to generate revenue and to market the Company's products on a worldwide basis.

"A progress report update on the Company's plans and operations will be provided mid-month," said Mr. Rached.

International Hi-Tech Industries Inc. is a company whose principal business is the development and commercialization of a new building system in Canada, and internationally through its subsidiary, IHI International Holdings Ltd.

ON BEHALF OF THE BOARD OF DIRECTORS

THIS ANNOUNCEMENT IS UNDER NO CIRCUMSTANCES TO BE CONSTRUED AS AN OFFER TO SELL OR AS A SOLICITATION OF AN OFFER TO BUY ANY OF THESE SECURITIES. THE OFFERING IS MADE ONLY BY THE PROSPECTUS.