November 29, 2004 08:01 AM US Eastern Timezone

MR3 Systems, Inc. and the Purolite Company Form a Strategic Alliance to Develop Products for the Extraction of Selenium, Perchlorate and Other Elements

SAN FRANCISCO--(BUSINESS WIRE)--Nov. 29, 2004--MR3 Systems, Inc. ("MR3") (OTCBB:MRMR) announced today the signing of a Strategic Alliance Agreement ("Agreement") with The Purolite Company ("Purolite"), signifying the formation of an exclusive venture for development of novel resins and marketing of turnkey solutions. The first two specialized resins to be developed under this Agreement include resins for selenium and perchlorate removal.

MR3's Chief Executive Officer, Dr. William Tao, states, "The partnership with Purolite is a significant strategic step for MR3 in developing and manufacturing the next generation of resins for the remediation market sector. We are very excited about this opportunity with Purolite."

Concern over perchlorate contamination in municipal water supplies is now reaching national proportions. Actionable (parts per billion) levels have been detected in potable water supplies in at least 22 states. Consumer health concerns are exerting pressure on state and federal regulators for immediate cleanup of such contaminated drinking supplies. Selenium contamination of surface and ground water is a severe problem in the western US and represents a significant problem for the mining and agricultural industries. The unique products and processing solutions to be developed by MR3 and Purolite should be well positioned to capture a significant share of these remediation markets.

MR3 and Purolite will perform the research and development of the unique products and processing solutions jointly, with the ownership of the resulting intellectual property to be shared equally by both parties. The Agreement positions Purolite to manufacture and market the developed products worldwide, with MR3 supporting the turnkey applications in the various market sectors. The partnership, which provides MR3 with a share of royalties from the sale of the developed products, is structured to rapidly develop, test, manufacture and implement turnkey solutions for the identified markets.

MR3's Chief Operating Officer, Peter Odintsov noted, "This unique collaborative alliance will utilize Purolite's established position as a global leader in ion exchange media design and manufacturing and leverage MR3's experience and unique technology approach in these niche markets".

The Purolite Company is a world leader in the global ion exchange resin market and was established in 1982. Purolite Company has global manufacturing capability and an established network of sales offices, distributors and agents. Purolite has factories in Philadelphia, USA; Victoria, Romania and Hangzhou, China.

Corporate Profile:

MR3 Systems, Inc., is a provider of custom solutions for metals-extraction applications. MR3 utilizes its chelation driven technology to chemically process and separate soluble metals and elements found primarily in ores and concentrates, industrial effluents, hazardous wastes, complex metals sources and other aqueous solutions. MR3 may provide its custom solutions utilizing its own unique media applications or in concert with third party strategic partners. MR3 approaches each problem or opportunity with a custom driven solution based on MR3's technical evaluation of each unique situation and the characteristics of the particular application.

MR3 Systems plans to license its Technology for use in the mining and environmental remediation industries. MR3 believes its Technology has a wide range of applications in numerous vertical markets.

Certain statements contained in this press release are forward-looking statements within the meaning of federal securities laws. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, some of which are beyond the Company's control. These include changes in the prevailing prices of the metals that we produce in addition to the unforeseen difficulties and uncertainties in the businesses in which we operate.