FOR IMMEDIATE RELEASE
DATE: June 2, 2000 
Trading Symbol: IHI (CDNX)    IHITF (IHITF.OB for Yahoo) (OTCBB)

Factory Progress and Equipment Purchasing

The President of International Hi-Tech Industries, Inc. ("the Company"), Mr. Roger A. Rached, is pleased to announce that the Company has completed an extensive dynamic densification and foundation system to accommodate the 80-foot high concrete batching plant tower that will be erected mid-June 2000.

A sophisticated steel roll-forming production line has been ordered to supply Hi-Tech System panels. "We are starting our vertical expansion," explains Mr. Rached, "whereby International Hi-Tech Industries, Inc. will process raw materials at our factory to be used in the panels. We are starting vertical expansion early, since this factory is wholly-owned by the Company. Of course this program will also be available on an optional basis for the 30 future joint venture factories that we have pre-sold."

The Company is pleased to announce that it is in late stage negotiations regarding further leasing and debt financing to acquire additional production equipment. (The Company expects to disclose the particulars in the near future).

The proceeds from the closing of the financing announced by the Company on May 30, 2000 will be used in part to expand the Company's state-of-the-art flexible robotic panel welding system to accommodate two production lines. The final FANUC Robotics shop drawings for the two-line welding system have been approved by the Company. Even with the planned robotic system expansion, commencement of commercial production is still anticipated to begin in fall 2000.

Patent Announcements

The company is also pleased to announce that a patent was granted by Tajikstan and Uzbekistan, and has been allowed by the Ukraine. As well, patents No. 1104, No. 1127 and No. 1128 have been issued by Vietnam and patent No. 1034 has been issued by Peru for the Company's new building system technology.

First Quarter Results

The President is very pleased to report that the Company has continued to demonstrate the attractiveness of its Technology and its expert-oriented business. Despite the poor British Columbia economy, during the first quarter of fiscal 2000 the Company generated over $6.5 million from its capital raising activities. Management is committed to enhancing the financial return on the Corporation's $26.9 million of assets, which have increased $5.6 million or 26% since March 31, 1999.

The Company incurred a net loss of $1,339,029 for the three months ended March 31, 2000, as compared to a net profit of $18,059 for the three months ended March, 1999. The net loss includes 814,571 Common shares issued by the Company at an aggregate deemed value of $543,952 in consideration of a loan guarantee and a loan commitment fee. As the Company has completed its first phase of licensing activities, there were no new license fees received during the quarter. The Company intends to expand its base of interim licence agreements by commencing a second round of licensing activities when commercial production at the Facility is achieved. It is expected that the second round of interim licence agreements will call for increased licence fees.

For the quarter ended March 31, 2000, interest and foreign exchange expense increased to $134,643 from $97,345, principally due to higher interest costs associated with the mortgage on the Hopcott Road Property. Legal costs increased from $59,165 to $136,682 principally due to the Company's capital raising activities.

Other News

The Company showcased the Hi-Tech System booth in the Chinese Investment Forum 2000 (the largest and most comprehensive Chinese/English bilingual investment and financial exhibition and conference in North America) in Vancouver at the end of April.

The Company's website will be updated on or before the end of June with pictures from recent trade shows including Globe 2000 and the erection of the concrete batching plant.

The Luxembourg show home is currently on display at the 76th International Spring Fair In Luxembourg (Foires Internationales � Luxembourg), and is still generating strong interest with over 500,000 visitors to date at the end of its record-breaking 6th demonstration year!

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.

This release contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward looking statements. Readers should not place undue reliance on the forward-looking statements, which reflect the management's view only as of the date hereof. The Company undertakes no obligations to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
 

ON BEHALF OF THE BOARD OF DIRECTORS

 "Roger A. Rached"
_____________________________
  ROGER A. RACHED, PRESIDENT 

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THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY O F THIS RELEASE.

For further information please contact:
The company's head office: 1-604-733-5400
E-Mail: info@ihi.ca
Website: www.ihiintl.com or www.ihi.ca