05/16/2007

West Capital Developments, Corix and Clearford sign MOU to Design, Build, Finance and Operate Critical Site Infrastructure for Canada’s Newest Airpark Development

Ottawa, Ontario – (May 16, 2007) – West Capital Developments (“WCD”), Corix Utilities Inc. (“Corix”), and Clearford Industries Inc. (“Clearford”, TSX-V: CLI) today announced a Memorandum of Understanding (MOU) to design, build, finance and operate water, wastewater, gas, electric and geo-thermal utilities on a 1,000 acre airpark condominium development within the City of Ottawa.

West Capital is developing Canada’s largest residential and commercial airpark. This form of development enables residents and businesses to utilize the airstrip as a “backyard amenity”. Within the United States, more than 600 such airparks exist throughout all regions of the country.

“We are delighted to bring the airpark development model to Canada. Building the country’s largest project of this type in Ottawa is ideal, due to the blend of technology companies and government agencies within the area,” stated John Phillips, President of West Capital. “The City of Ottawa has been outstanding in regards to supporting our business plan and enabling our servicing strategy. We are pleased to be teamed with Corix and Clearford, and we are certain that the model applied on this project will be well suited to many others.”

For this development, Corix will be supplying the utility infrastructure, financing and operational capacity. The potential role for Corix will be the ownership, management, operation and maintenance of the existing and new infrastructure. Clearford’s Small Bore Sewer™ (SBS™) will be incorporated into the servicing strategy, as it provides superior environmental protection and is less costly to implement and operate than historic gravity sewers.

“Corix continues to develop a strong Eastern presence, and looks forward to implementing our proven design, build, finance and operate model,” stated Eric van Roon, Vice President of Corix. “The airpark development is of such a scale and innovation that we were immediately interested in the project, and working with Clearford and West Capital we anticipate a successful project. It is also consistent with our growing presence in the province, which includes a partnership with Ontario Water Products and our growing sustainable energy businesses.”

“The design, build, finance and operate model places a primary decision criteria upon the cost to implement and the cost to operate infrastructure,” stated Bruce Linton, President and CEO of Clearford. “The Clearford wastewater collection system is significantly better on this basis compared to historic gravity sewers. The cost advantages attained however are eclipsed by the environmental superiority delivered to this prestigious development.”

About West Capital Developments
West Capital Developments was founded and incorporated in 2002 as a development and investment firm. The management team combines many years of successful business experience with specific accounting, project management, and real estate development expertise.

About Corix Utilities Inc.
Corix Utilities Inc. is part of the Corix Group of Companies, a BC-based community utility infrastructure provider of innovative solutions in the water, wastewater and energy sectors. It has designed or built in excess of 500 water and wastewater systems across North America, and currently operates more than 100 systems in over 50 communities in western Canada.

About Clearford Industries Inc.
Clearford Industries Inc. (TSX-V: CLI) is comprised of two divisions: the Wastewater Systems Division and the Brooklin Concrete Division.  The Wastewater Systems Division designs and implements the patented Small Bore Sewer™ (SBS™), a watertight small diameter wastewater collection system that provides servicing with superior operational and environmental performance at a significantly lower cost when compared to historic gravity sewers. With its first installation in 1989, the SBS™ has since had several installations within Canada and the U.S. The Brooklin Concrete Division has been in operation since 1952, with 4 locations in Ontario, including: Brooklin, Newmarket, Huntsville and Haliburton. A leading producer of septic tanks in Ontario, Brooklin manufactures precast concrete products ranging from interlocking pavers and patio slabs, to retaining walls and storage structures. For more information on Clearford Industries Inc., please visit www.clearford.com.

For more information contact:

Mr. John E. Phillips
President
West Capital Developments
Phone: (613) 839-7900
www.wcd.ca

Mr. Eric van Roon
Vice President, Business Development
Corix Utilities Inc.
Phone: (604) 341-2242
www.corix.com

Mr. Bruce Linton
President and CEO
Clearford Industries Inc.
Phone: (613) 599-6474 ext. 301
www.clearford.com

Forward-Looking Statements
Any forward looking statements made in this press release involve risks and uncertainties, and actual results could differ materially from those expressed or implied in such statements. However, we disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. More detailed information of the matters described herein is included in the public documents Clearford files from time to time with Canadian securities regulatory authorities.