CARMANAH TECHNOLOGIES AIMS TO ENLIGHTEN" THE FINANCIAL COMMUNITY

Vancouver, British Columbia - February 4, 2002 - Carmanah Technologies Corporation (CMH - CDNX), a leading provider of solar-powered, LED (light emitting diode) lighting solutions, announces that it has entered into an agreement with Vanguard Shareholder Solutions Inc. (Vanguard"), whereby Vanguard will provide financial public relations services to the company.

We felt we were at risk of being the investment communitys best kept secret", states Art Aylesworth, CEO of Carmanah. With overwhelming interest in our technology and the momentum our company is gaining in the international marketplace, Carmanah needs to put our story in front of investors who appreciate high quality growth companies. We are pleased to add Vanguard to our team."

Vanguard is a full-service investor relations firm located in Vancouver, BC and is headed by Mr. Paul Lathigee. Vanguard will design and implement a program formulated to expand Carmanahs recognition throughout the entire financial community - targeting the financial press, newsletter, brokers, investors and analysts.

Vanguard provides communication and investor relations services to public companies listed on the Toronto and CDNX exchanges. Vanguard helps their clients communicate their corporate story to the investment community and financial media.

The agreement, subject to regulatory approval, will be effective February 1, 2002 and the terms specify payments of $6,500 per month plus expenses. The term of the agreement is 11 months, with a review to take place after 5 months.

About Carmanah Technologies Inc.

Carmanah specializes in the design, manufacture and supply of patented, proprietary solar-powered LED lighting solutions for marine, roadway and railway markets. The company currently has distributors in over 80 countries worldwide and more than 32,000 units installed to-date. The shares of Carmanah Technologies Corporation (parent company) are publicly traded on the Canadian Venture Exchange under the symbol CMH". For further information on the companys products and services, please visit www.carmanah.com <http://www.carmanah.com>.

On Behalf of the Board of Directors
Carmanah Technologies Corporation

Praveen Varshney "

Praveen Varshney, Director

Corporate Contact:
Mr. Praveen Varshney, Director
Tel: (604) 629-0264
Toll-Free: 1-866-629-0264
Fax: (604) 682-4768
investors@carmanah.com

Media Contact:
Mr. David Davies
Harbourwerks Communications
Tel: (250) 382-4332
ddavies@harbourwerks.com

Investor Relations Contact:
Vanguard Shareholder Solutions
Tel: (604) 608-0824
Toll-Free: 1-800-567-6223
Fax: (604) 601-2004
ir@vanguardsolutions.ca