News Releases

Tuesday, May 4, 2004

International Barrier Technology, Inc. Announces Equity Research Stock Coverage from Howlett Research Corp.

Watkins, MN, Vancouver, BC, May 4, 2004 - International Barrier Technology, Inc. ("Barrier") (IBTGF: OTCBB; IBH: TSXV), a manufacturer of proprietary fire resistant building materials, announces that interested investors can access an equity research report prepared by Howlett Research Corp. on the company and its specialty manufacturing products.

To view this equity research coverage, click here.

About Howlett Research Corp.
Jeff Howlett is a financial analyst with over 15 years of experience spanning a wide range of industries and special situations. For over 10 years, he has been providing research services to publicly listed companies which lack adequate coverage as well as completing a diverse range of business planning and financial modeling activities for clients. Previously, Mr. Howlett gained extensive experience with a major Canadian investment firm, specializing in mergers & acquisitions. Prior to this, he completed a B.Sc. in Economics from the Wharton School of the University of Pennsylvania.

About International Barrier Technology Inc.
International Barrier Technology, Inc. develops, manufactures, and markets proprietary fire resistant building materials. Its patented, non-combustible, non-toxic Pyrotite formulation has an extraordinary capability: it releases water when exposed to the heat of fire. Barrier's award-winning Blazeguard® wood panels exceed International Building Code requirements in every targeted fire test and application, and uniquely combine properties that increase panel strength and minimize environmental and human impact. Blazeguard customers include Centex (CTX: NYSE), D.R. Horton (DHI: NYSE), KB Home (KBH: NYSE), and Lennar (LEN: NYSE). Lowe's Companies (LOW: NYSE), Stock Building Supply, and Mule-Hide Products Co., Inc. are Blazeguard distributors. Pyrotite has potential applications with engineered wood products, paint, plastics, and expanded polystyrene.

The Howlett Research Corp. report was a fee-for-services report, with a $5,000 fee paid by International Barrier for due diligence and research time.

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