Environmental Reclamation Inc. — Regulatory Filings 1998

Form 27

Securities Act

MATERIAL CHANGE REPORT UNDER SECTION 74(2) OF THE ACT

1. Reporting Issuer

Envirothermic Technologies Limited

6540 - 6 Kestrel Road

Mississauga, Ontario

L5T 2C8

1. Date of Material Change

April 21, 1998

1. Press Release

Via Canadian Newswire, April 21, 1998

Toronto, Ontario

1. Summary of Material Change

Environmental Reclamation Inc. (formerly Envirothermic Technologies Limited) announced today that the shareholders approved the acquisition of all the issued and outstanding shares of Environmental Reclamation, Inc., a privately held Idaho corporation organized under the laws of the State of Idaho, the change of its name and consolidation of its shares on a one for 35 basis.

1. Full Description of Material Change

See Schedule “A” attached.

1. Reliance on Section 74(3) of the Act

This report is not being filed on a confidential basis in reliance on Section 74(3).

1. Omitted Information

N/A

1. Senior Officers

Donald Tulloch

Chairman

(208) 786-4300 Ext 225

George V. Drennan

Vice President and General Manager

(905) 565-0775

1. Statement of Senior Officer

The foregoing accurately discloses the material change referred to herein.

DATED at Toronto this 21st day of April, 1998.

“George V. Drennan”

______________________________

Vice Chairman

SCHEDULE A

ENVIRONMENTAL RECLAMATION INC.

6540-6 Kestrel Road

Mississauga, Ontario

L5T 2C8

April 21, 1998

PRESS RELEASE

Donald Tulloch, Chairman of Environmental Reclamation Inc. (formerly Envirothermic Technologies Limited) announced today that the shareholders of the Company had approved the acquisition by the Company of all the issued and outstanding shares of Environmental Reclamation, Inc., a privately-held Idaho corporation providing soil remediation and environmental clean-up with respect to the former and existing mining industry in the North-Western United States.

The shareholders also approved the change of the Company’s name to “Environmental Reclamation Inc.” and the consolidation of all its outstanding common shares following completion of the purchase transaction on the basis of one new share for each 35 former shares, resulting in 6,389,339 common shares of the Company to be issued and outstanding following the filing of the amending articles.

The Company has filed a preliminary prospectus in Ontario, Manitoba, Alberta and British Columbia relating to a public offering of its common shares following completion of the acquisition and share consolidation.

For further information contact:

Donald Tulloch - 208-786-4300 ext 225

Or

George V. Drennan - 905-565-0775