Carmanah Announces Release Date for 2005 Financial Results as well as Conference Call

Victoria, British Columbia, Canada - Wednesday, March 15, 2006 - Carmanah Technologies Corporation (TSX: CMH) expects to release its annual financial results for 2005 on Thursday, March 16, 2006 at 4:00 pm EST.

A conference call will be held on Thursday, March 16, 2006 at 5:00 pm EST to discuss the annual results. To participate on the conference call, in North America please call toll-free 1-866-898-9626 approximately five to 10 minutes prior to the start time. For international participants, please dial your international access code followed by 800-8989-6323. Please ask for the Carmanah conference call.

This conference call will be recorded and accessible on the Carmanah website for a period of one month. A replay is also available by calling 1-800-408-3053 using access number 3180070# from 6:00 pm EST on Thursday, March 16.

About Carmanah Technologies Corporation

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

Mr. Mark Komonoski, Director

Carmanah Technologies Corporation

Tel: (403) 861-8384

Toll-Free: 1-877-255-8483

investors@carmanah.com

Media:

Mr. David Davies

Tel: (250) 382-4332

ddavies@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, 2004, 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.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.