CALGARY, ALBERTA--(Marketwire - April 18, 2011) - ILI Technologies (TSX VENTURE:ILI) is pleased to announce that its 100% wholly- owned Mexican subsidiary Cdn Oilfield Technologies & Solutions S. de R.L de C.V. ("COTS") has entered into a Memorandum of Understanding ("MOU") with an established Mexican construction company (the "Company") to provide financial and advisory services to arrange financing on a project by project basis in exchange for revenue sharing terms. The Company is contracted to Schlumberger, the largest oil and gas service company in Mexico, under a master agreement ("Master Agreement") with Pemex for the construction of infrastructure in urban and suburban areas valued up to 812 million pesos (approximately 65 million CDN$). Under the terms of the Master Agreement, all aspects of the project are fully insured and securitized with a performance bond.

COTS will source funding on behalf of the Company, for an initial project valued at 79,632,625 million pesos (approximately 6.5 million CDN$) for the construction of infrastructure for an onshore platform and a right-of-way access road for Pemex. The required funding under the MOU is estimated at 40 million pesos (approximately 3.3 million CDN$) and the release of funds to the Company will be allocated under a controlled monitored process to fund project management costs, labour, the purchase of materials and construction equipment. COTS will earn 50% of the net income from the initial project. COTS will retain the first right of refusal for future funding for the remainder of the services to be provided by the Company to Schlumberger and Pemex under the Master Agreement.

The project is expected to commence in May with completion in approximately 70 days after the start of the project. Re-payment of the financing to COTS is anticipated to be completed approximately 60 days after the completion of the project under a direct assignment agreement between COTS and the respective parties.

ILI is currently reviewing financing strategies to secure non-dilutive capital under the MOU. The MOU is conditional on financing and discussions are currently underway with key capital sources. Export Development Corporation Canada (EDC) is listed as an approved source of financing in the Master Agreement.

Phil D'Angelo states, "This is a great window of opportunity for COTS and one that affords alliances with credible companies in Mexico. There are multiple projects currently under review and ILI is pleased to be considered as a revenue partner. It's important for COTS to diversify its business in Mexico and find multiple sources of revenue with low business risk and exposure. The opportunity before us is solid as it comes with full securitization components attached to the projects. COTS has and continues to align itself with credible companies, to assist in the completion of contracts awarded to them. We now offer an ideal platform to enter the Mexico energy sector".

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This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state of the United States or any other jurisdiction outside of Canada in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws.

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Contact Information:

ILI Technologies (2002) Corp.
Phil D'Angelo
(403) 543-0060
(403) 543-0069