ESV

E. S. I. Environmental Sensors Inc. ("ESI" or the "Company"), (TSX VENTURE:ESV)
is pleased to re-announce the filing of a "Shares for Debt" transaction for the
revised settlement amount of $1,440,995 in exchange for the issuance of
28,899,906 common shares and 4,679,486 warrants. The debt settlements consist
entirely of shareholder loans made to the Company and accumulated interest on
those loans. All shares issued will have a four month hold period from the date
of closing. The Company has proposed a closing date of March 29, 2013, and will
close the transaction and issue the common shares and warrants once the
transaction has been accepted by the TSX Venture Exchange (the "Exchange"). The
Company previously announced this transaction on September 25, 2012 for
approximately $825,000. The amount of the transaction has increased due to the
inclusion of additional loans and interest. 


The Company's largest shareholder, Avis Financial Corporation ("Avis
Financial"), will be receiving 23,979,300 common shares in exchange for the
settlement of $1,198,965 in shareholder loans and accumulated interest, but will
not receive any warrants. With the closing of this transaction, Avis Financial
will own 59.8% of ESI (Avis Financial currently holds 54.1% of the issued and
outstanding common shares of the Company). 


The warrants issued in connection with the transaction will be exercisable for a
period of three years from the date of closing, and will have an exercise price
of $0.10 during the first year, $0.15 during the second year, and $0.20 during
the third year. Warrants will only be issued to arms-length parties.  


This Shares for Debt transaction is subject to Exchange acceptance.

About ESI 

ESI is a leading manufacturer of patented and proprietary solutions for
environments where understanding the presence, movement, and/or amount of water
are important. Major market sectors include: agriculture, golf and turf,
scientific research, civil engineering, mining, environmental monitoring and
crude oil production. ESI solutions have been successfully introduced into more
than 40 countries to enable customers to optimize their operations by monitoring
the presence and movement of water, managing irrigation systems, and monitoring
the integrity of landfill covers. In addition, ESI's Flo.Point(TM) instrument
has been deployed in the oil industry to measure the volumetric presence of
water pumped during crude oil extraction for characterization and optimization
of the process. ESI differentiates itself by translating the best technology and
science available into practical, easy to use solutions. Irrigation managers,
reservoir engineers, and scientists have adopted ESI's products for their
accuracy, ease of use, repeatability, and ability to operate in challenging
environments. ESI is publicly traded on the TSX Venture Exchange under the
symbol "ESV". Further information about ESI may be obtained through the
Company's website at www.esica.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
E.S.I. Environmental Sensors Inc.
Bernard M. Beauchesne
Media and Investor Relations Contact
250.655.3211 or 1-800.799.6324
bbeauchesne@esica.com
www.esica.com

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