SHEC Labs Announces Updated Offering Memorandum for Private Placement

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FOR IMMEDIATE RELEASE

SHEC Labs Announces Updated Offering Memorandum for Private Placement

CANADA, Mar. 7 -/E-Wire/-- Tom Beck, President and Chief Executive Officer of SHEC LABS - Solar Hydrogen Energy Corporation ("SHEC Labs"), is pleased to announce that SHEC Labs is filing an updated offering memorandum relating to its private placement offering (the "Offering"). As indicated in the initial offering memorandum, dated November 8, 2002, SHEC Labs intends to raise up to $5,000,000. Under the Offering, the company will continue to offer up to 2,500,000 Class A Common Shares at a price of $2.00 per share to subscribers resident in the provinces of British Columbia, Alberta, Saskatchewan and Ontario.

The newly filed offering memorandum will provide updated information respecting developments in SHEC Labs' business since the initial offering memorandum. It also includes information relating to amended Saskatchewan rules which allow a broader range of participants in the Offering. Under the new rules, it is no longer necessary for subscribers resident in Saskatchewan to invest a minimum of $150,000. The minimum investment for Saskatchewan residents is now $1000, which is the same as the minimum investment for subscribers resident in British Columbia, Alberta and Ontario.

SHEC Labs has developed technology to produce hydrogen from water using solar thermal energy. The company is continuing its research and development with a view to the commercial scale production of hydrogen using its proprietary technology. The company is also pursuing the commercialization of other related technologies, solar concentration, power generation and the reformation of fossil fuels. SHEC Labs has developed and commercialized software and hardware tools that are now available for sale to the public. The corporation anticipates commercializing a number of other spin-off technologies in the near future in the areas of solar concentration, instrumentation and industrial electronics.

Prospective investors in the provinces of British Columbia, Alberta, Saskatchewan and Ontario can register to receive an updated Offering Memorandum on-line at: www.shecregister.com

For further information

Thomas Beck, President and Chief Executive Officer or Ray Fehr, V.P. Marketing, SHEC LABS - Solar Hydrogen Energy Corporation, Phone: (306) 956-2225, Fax: (306) 956-1144, E-mail: [REDACTED-EMAIL], www.shec-labs.com

SHEC LABS-Solar Hydrogen Energy Corporation

President and Chief Executive Officer

(306) 956-2225, Fax: (306) 956-1144

[REDACTED-EMAIL]

http://http://www.shec-labs.com

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