Ballerup, Denmark -

LIQTECH INTERNATIONAL, INC. REPORTS 2011 FISCAL YEAR-END RESULTS

GENTOFTE, DENMARK – (MARKET WIRE) – March 26, 2012 – LiqTech International, Inc. (OTCQX: LIQT) (“LiqTech”) announced today its financial and operational results for the last 12 months.

Financial highlights for the year ended December 31, 2011:

• Net sales for the year ended December 31, 2011 were $21,192,177 compared to $15,728,817 for the year ended December 31, 2010, representing an increase of $5,463,360 or 35 percent
• Gross profit for the year ended December 31, 2011 was $5,027,811 compared to $3,673,844 for the year ended December 31, 2010, representing an increase of $1,353,967 or 37 percent
• Net income attributable to the Company for the year ended December 31, 2011 was $917,211 compared to a loss of $6,629 for the year ended December 31, 2010, representing an increase of $923,840

Financial highlights for the three months ended December 31, 2011:

• Net sales for the three month period ended December 31, 2011 were $7,639,431 compared to $3,267,640 for the same period in 2010, representing an increase of $4,371,791 or 133.8 percent.
• Gross profit for the three month period ended December 31, 2011 was $1,712,559 compared to $607,090 for the same period in 2010, representing an increase of $1,105,469 or 182.1 percent.
• Net income attributable to the Company for the three month period ended December 31, 2011 was $538,968 compared to a loss of $269,510 for the comparable period in 2010, representing an increase of $808,478

Operational Highlights for last 12 months:

• Company completed reverse merger with Blue Moose Media, Inc.
• Company entered into an alliance with Scandinavian Brake Systems; Company expands production  capacity of diesel particulate filters from 400,000 liters to 1,400,000 liters
• LiqTech Pte Ltd was established as a majority owned company of LiqTech International A/S, and will service the South East Asian markets covering the entire LiqTech product portfolio
• Company uplists on the OTC market’s highest tier, OTCQX^®
• LiqTech issued 2,511,500 shares of its common stock in a registered direct placement of its shares at a per share price of $3.25 with net proceeds to LiqTech from the initial closing of approximately $7.4 million

“This has been a very exciting year for everyone at LiqTech.  During 2011, we became a public Company, significantly increased our revenues and product offerings, and most importantly increased our bottom line profit numbers by more than $900,000. In addition, we have successfully expanded our DPF business, established an office in South East Asia, uplisted our securities to trade on the highest level the OTC Market offers and successfully raised capital to continue to grow our business.  We are pleased with the Company’s performance while we continue growing and expanding into new markets,” concluded Mr. Andreassen.

ABOUT LIQTECH INTERNATIONAL, INC.

LiqTech International, Inc., a Nevada corporation, is a clean technology company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly, highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. It also manufactures kiln furniture. Using nanotechnology, LiqTech develops products using proprietary silicon carbide technology. LiqTech’s products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies. For more information, please visitwww.liqtech.com.

-Financial charts follow-

LIQTECH INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

LIQTECH INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

LIQTECH INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

LIQTECH INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

Forward-Looking Statements

This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Contact:

DC Consulting, LLC

407-792-3332

investorinfo@dcconsultingllc.com

Link to the job offer:

Test Engineer for LiqTech International 05-03-2012

LiqTech will sell shares of its common stock in a registered direct placement of its shares at a per share price of $3.25. Commitments for 2,508,500 shares, aggregating to gross proceeds of approximately $8.2 million, have been received so far with respect to the initial closing. The initial closing of the offering is expected to take place on or about March 7, 2012, subject to the satisfaction of customary closing conditions.

Sunrise Securities Corp. is the exclusive placement agent for this transaction.

The shares described above were registered pursuant to a registration statement on Form S-1 (File No. 333-178837), which was declared effective by the Securities and Exchange Commission (”SEC”) on February 13, 2012. A prospectus relating to the offering will be filed with the SEC.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities of LiqTech, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer will be made only by means of a prospectus forming a part of the effective registration statement. Copies of the final prospectus can be obtained at the SEC’s website at http://www.sec.gov or from Sunrise Securities Corp., 600 Lexington Avenue, New York, NY 10022, by calling (212) 421-1616, Attn: Mikel Eguia.

ABOUT LIQTECH INTERNATIONAL, INC.

LiqTech International, Inc., a Nevada corporation, is a clean technology company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly, highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. It also manufactures kiln furniture. Using nanotechnology, LiqTech develops products using proprietary silicon carbide technology. LiqTech’s products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies. For more information, please visit www.liqtech.com.

Forward-Looking Statements

This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the SEC, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

LiqTech Contact:
DC Consulting, LLC
407-792-3332
investorinfo@dcconsultingllc.com

“We are very pleased to be trading on the highest tier that the OTC Markets Group offers,” stated Aldo Petersen, LiqTech Chairman of the Board.

Sunrise Securities Corp. will serve as LiqTech’s Designated Advisor for Disclosure (”DAD”) on OTCQX, responsible for providing guidance on OTCQX requirements.

About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks. The OTC Link(TM) platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. OTC Markets Group categorizes the wide spectrum of OTC companies into three tiers — OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB(R) (the U.S. reporting company marketplace for development stage companies), and OTC Pink(TM) (the speculative trading marketplace) — so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visitwww.otcmarkets.com.

ABOUT LIQTECH INTERNATIONAL, INC. LiqTech International, Inc., a Nevada corporation (”LiqTech”), is a cleantech company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly, highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. It also manufactures kiln furniture. Using nanotechnology, LiqTech develops products using proprietary silicon carbide technology. LiqTech’s products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies. For more information, please visitwww.liqtech.com.

Forward-Looking Statements This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

LiqTech Contact:

DC Consulting, LLC

407-792-3332

investorinfo@dcconsultingllc.com

OTC Markets Group Inc.

Media Contact:

Grace Keith

(212) 896-4428

grace@otcmarkets.com

“Our presence in Singapore also provides LiqTech a unique opportunity to work with key academic, private and public institutions, seeking new uses for our membranes in Wastewater and Ballast Water Treatment. Furthermore, as the region tackles air quality issues and seeks better air quality in Asian cities, we see future opportunities for LiqTech emission control technologies,” concluded Mr. Andreassen.

ABOUT LIQTECH INTERNATIONAL, INC.LiqTech International, Inc., a Nevada corporation (”LiqTech”), is an award winning cleantech company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly, highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. It also manufactures kiln furniture. Using nanotechnology, LiqTech develops proprietary products using patented silicon carbide technology. LiqTech’s products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies. For more information, please visit www.liqtech.com.

Forward-Looking StatementsThis press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Contact:DC Consulting, LLC407-792-3332investorinfo@dcconsultingllc.com

SOURCE LiqTech International, Inc.

www.prnewswire.com

Lasse Andreassen, CEO of LiqTech, stated, “We are very pleased with the Company’s third quarter results. Our third quarter results represent an improved quarter relative to the same quarter in 2010.”

Please to here to read more about it

Go to business areas to find out more about ceramic membranes, DPF, Emission control and Kiln furniture.

Mr. Rogers, prior to joining Liqtech International A/S, held the positions of interim Chief Executive Officer and Board Director for Clean Diesel Technologies Inc. from September, 2010 until the merger with Catalytic Solutions later that year. Prior to that he served as Executive VP of global operations with Clean Diesel since joining them in 2004. Prior to Clean Diesel he was Director of Sales and Marketing for ADAS Consulting, Ltd, a former UK government agency, focusing on the living and growing environment and providing lead and policy consultancy to the UK government and industry. From 1993 to 2002, Mr. Rogers served as a Global Business Manager of The Associated Octel Company Ltd, a multinational petrochemical company based in the UK. Mr. Rogers formed Octel’s Emission Technology business unit developing new emission control technology and setting up Adastra Ltd, a retrofit emission control company. Mr. Rogers has been in the petrochemicals business for nearly 25 years. In that time he has worked for The Exxon Corporation and Ethyl Petroleum where he held roles in R&D, international sales and business management. Mr. Rogers has a background in agriculture and mechanical/production engineering, studying at the Brooks University in Oxford.

Lasse Andreassen, CEO of LiqTech International, stated, “It is a testament to our core values and reputation as a young dynamic company that we have been able to attract a candidate of such international standing and reputation that Timothy comes with. Having received so much positive feedback from our existing and potential customers after going public in August, he joins us at an important time for LiqTech as we are expanding our product line and targeting the international markets in need of LiqTech’s products. Timothy’s wealth of experience will allow us to focus on the critical areas of growth and we are pleased to welcome him to our team.”

ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation (“LiqTech”), is an award winning cleantech company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly, highly specialized filters for the control of soot exhaust particles from diesel engines and for water filtration. It also manufactures kiln furniture. Using nanotechnology, LiqTech develops proprietary products using patented silicon carbide technology. LiqTech’s products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies.

Forward-Looking Statements
This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Dr. Siegmeier can be contacted via:
Email: rsi@cometas.dk
Mobile: +49 (0)163 630 4937

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