GAITHERSBURG, MD -- (Marketwire) -- 11/24/08 -- Edgewater Foods International, Inc. (OTCBB: EDWT), the first fully integrated shellfish producer with the largest private marine research hatchery in Canada, announced today that its operating subsidiary Island Scallops Ltd. (ISL) has acquired Granscal Sea Farms Ltd. for the sum of 400,000 restricted shares of EDWT common stock, a cash fee of $30,000, and the assumption of a $35,000 loan from the Bank of Montreal. Island Scallops shall also pay Granscal a sum equal to 50% of the gross revenue Island Scallops earns on account of the sale of Granscal's 2004, 2005 and 2006 brood year inventory currently in the water -- to be paid out as and when Island Scallops receives such sales.

Granscal operates approximately 100 acres of scallop farms, adding a total production capacity of 6.6 million scallops to ISL's current capacity. Located in Kanish Bay on Quadra Island on the South Coast of British Columbia, Canada, Granscal has been farming this lease in cooperation with ISL since 1992.

In addition, Les Rombough, owner and CEO of Granscal Sea Farms, will lead Island Scallops' efforts to develop partnerships with Cape Mudge First Nation Bands and potential farm sites on First Nation owned lands -- projects expected to provide new business opportunities to the Cape Mudge First Nation and to enhance Island Scallops' farming capacity and provide future joint venture revenues.

Robert Saunders, Chairman, CEO and President, Edgewater Foods International, said, "This important acquisition will provide substantial new farming capacity to Island Scallops. We have been working with Granscal and Les Rombough for 16 years. He has the same strong commitment to environmentally sustainable scallop farming that Island Scallops practices. Acquiring his farms adds to ISL's financial strength and ability to grow as the dominant producer of scallops in Canada. Mr. Rombough will lead the ongoing development at the Cape Mudge First Nations Bands. He is currently heading up the Inventory Program and is a great addition to the Island Scallops team."

About Edgewater Foods International, Inc.

Edgewater Foods International Inc., a Nevada Corporation, is the parent company of Island Scallops Ltd. ("ISL"), a Vancouver Island aquaculture company. Established in 1989, ISL has successfully operated a scallop farming and marine hatchery business for almost 20 years. ISL's facilities represent the largest private marine research hatchery and the first fully integrated shellfish producer in Canada.

Edgewater Foods is dedicated to the farming, processing and marketing of high quality, high value marine species: scallops and sablefish.