Carmanah Announces Departure of Chief Operating Officer

Victoria, British Columbia, Canada - Friday, August 18, 2006 - Carmanah Technologies Corporation (TSX: CMH) announced today that it has accepted the resignation of its Chief Operating Officer, Matthew Watson, effective immediately.

"On behalf of all of us at Carmanah, I wish to thank Matthew for his efforts and dedication over the past three years," states Art Aylesworth, Carmanah's CEO. "He played an important role in the Company's success to-date and I wish him the very best as he explores new opportunities."

In response to his departure, Carmanah has restructured its management to redistribute Mr. Watson's responsibilities and has no immediate plans for a successor.

About Carmanah Technologies Corporation

Carmanah is an award-winning manufacturer specializing in energy-efficient and renewable technology solutions. The Company is currently focused on three technology groups: solar power systems & equipment, solar-powered LED lighting and LED illuminated signage.

Carmanah is headquartered in Victoria, British Columbia, Canada and has branch offices and/or sales representation in 11 cities across Canada, the United States and the United Kingdom. With more than 250,000 installations worldwide, Carmanah is one of the world's premier suppliers of energy-efficient products.

The shares of Carmanah Technologies Corporation are publicly traded on the Toronto Stock Exchange under the symbol "CMH" and on the Berlin and Frankfurt Stock Exchanges under the symbol "QCX". For more information, please visit www.carmanah.com.

On Behalf of the Board of Directors

Carmanah Technologies Corporation

"Praveen Varshney"

Praveen Varshney, Director


For further information, please contact:

Investor Relations:

Mr. Mark Komonoski, Director

Carmanah Technologies Corporation

Tel: (403) 470-8384

Toll-Free: 1-877-255-8483

mkomonoski@carmanah.com

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in Carmanah's Annual Report for the fiscal year ended December 31, 2005, as filed with the U.S. Securities and Exchange Commission and which are incorporated herein by reference. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.