Revenue increased 2.5% in fiscal 2008 to $8.5 million from $8.2 million ayear ago. The increase is largely attributable to higher sales of theCompany's PET products (.5 liter to 1.5 liter sizes), which grew to $1.8million, or 21.2% of total sales, from $1.6 million, or 19.7% of totalsales, in 2007. Sales of private label PET products increased nearly 82%year over year.

Also contributing to higher total sales was the Company's new OrganicVitamin Charged Spring Water product line that was introduced in the secondquarter and which achieved steady gains throughout the year. The Companyalso benefitted from increased sales of water filters, coffee, and coffeeequipment and accessories -- all new offerings in recent years designed toleverage Eldorado's strong home and office delivery channel.

"Our growth strategy entering 2008 was to use internally generated cash andleverage our asset base to fund select growth initiatives, and we arepleased to report that we have made excellent progress in that regard,"said Doug Larson, president and CEO. "By focusing on strengthening ourcore business while rolling out promising new product lines, we arebuilding value for our shareholders without diluting them with expensivecapital or significantly increasing our debt load.

"During the year we successfully launched our new Organic Vitamin ChargedSpring Water line, which is now carried in a growing number of majorgrocery chains and which we believe to be the best tasting and only organicoffering in the vitamin enhanced water space -- the fastest growing segmentof the bottled water industry. In addition, we invested in a reverseosmosis purification system in preparation for launching our first-everpurified drinking water product line."

Gross profit increased to $6.6 million from $6.5 million year over yearbased on higher revenue run rate, but gross profit as a percent of revenuedecreased slightly due to higher costs of bottles and packaging. Totaloperating expenses increased to $6.9 million in fiscal 2008 from $6.2million a year ago as the Company increased production-related wages andramped up sales and marketing initiatives in support of new productrollouts. A 33.8% increase in fuel costs and higher legal and engineeringfees related to critical water rights acquisitions also contributed toincreased operating expenses. Higher expenses in most categories werepartially offset by lower fleet maintenance and equipment leasing costs.

Eldorado reported a net loss of $311,300, or $0.05 per basic and $0.01 perdiluted share, in 2008 as compared with net income of $87,600, or $0.01 perbasic and diluted share, in 2007. The $311,300 net loss included non-cashexpenses of approximately $485,600, including $411,000 in depreciation andamortization and $75,000 in stock-based compensation. The Company invested$688,400 in 2008 to strengthen its water rights portfolio and add a reverseosmosis system to support rollout of the new one-gallon purified drinkingwater line. Eldorado closed 2008 with working capital of $983,500.

About Eldorado Artesian Springs, Inc.

Eldorado Artesian Springs, Inc. is a leading bottler, marketer, anddistributor of natural spring water beverages in the Rocky Mountains. TheCompany's growing product portfolio includes the nation's only OrganicVitamin Charged Spring Water, which was recently introduced in six flavorsand has generated strong market acceptance. The Company also marketsfive-gallon and three-gallon bottles of water directly to homes andbusinesses, national retail grocery chains, and regional distributors.Additionally, the Company markets its water in smaller, more convenientsize packaging to retail food stores. The source of the natural springwater is located on property owned by the Company in Eldorado Springs,Colorado. More information about the Company can be found athttp://www.eldoradosprings.com.

Safe Harbor Statement

Some portions of this press release, particularly those describingEldorado's goals and strategies, contain forward-looking statements withinthe meaning of Section 27A of the Securities Act of 1933, as amended, andSection 21E of the Securities Exchange Act of 1934, as amended. WhileEldorado is working to achieve those goals and strategies, actual resultscould differ materially from those projected in the forward-lookingstatements as a result of a number of risks and uncertainties, includingdifficulties in marketing its products and services, need for capital,competition from other companies and other factors, any of which could havean adverse effect on the business plans of Eldorado, its reputation in theindustry or its expected financial return from operations and results ofoperations. In light of significant risks and uncertainties inherent inforward-looking statements included herein, the inclusion of suchstatements should not be regarded as a representation by Eldorado that itwill achieve such forward-looking statements. For further details and adiscussion of these and other risks and uncertainties, please see our mostrecent reports on Form 10-KSB and Form 10-QSB, as filed with the Securitiesand Exchange Commission, as they may be amended from time to time. Eldoradoundertakes no obligation to publicly update any forward-looking statement,whether as a result of new information, future events, or otherwise.

Statements of Operations(Unaudited)                                         12 months ended                                                        March 31,                                                   2008           2007                                               ------------   ------------Revenues   Water and related                           $  8,297,186   $  8,104,710   Rentals                                           12,000         12,000   Pool and other                                   148,226        131,597                                               ------------   ------------       Total revenues                             8,457,412      8,248,307                                               ------------   ------------Cost of goods sold                                1,860,315      1,732,078                                               ------------   ------------Gross profit                                      6,597,097      6,516,229                                               ------------   ------------Operating expenses   Salaries and related expenses                  3,586,933      3,152,611   Administrative and general                     1,801,118      1,579,282   Delivery                                         848,769        799,130   Advertising and promotions                       286,810        202,392   Depreciation and amortization                    411,035        446,537                                               ------------   ------------       Total operating expenses                   6,934,665      6,179,952                                               ------------   ------------(Loss) income from operations                      (337,568)       336,277                                               ------------   ------------Other income (expense)   Other income                                           -         92,300   Gain on the sale of property                     178,722              -   Interest income                                   56,039         42,626   Interest expense                                (342,629)      (297,599)                                               ------------   ------------       Total other expense                         (107,868)      (162,673)                                               ------------   ------------(Loss) income before income taxes                  (445,436)       173,604Income tax (expense) benefit   Current                                                -       (138,990)   Deferred                                         134,128         52,970                                               ------------   ------------       Total income tax benefit (expense)           134,128        (86,020)                                               ------------   ------------Net (loss) income available to common shareholders                                  $   (311,308)  $     87,584                                               ============   ============Basic weighted average common shares outstanding                                      6,274,028      6,012,178                                               ============   ============Basic (loss) income per common share           $      (0.05)  $       0.01                                               ============   ============Diluted weighted average common shares outstanding                                      6,274,028      6,361,934                                               ============   ============Diluted (loss) earnings per share              $      (0.05)  $       0.01                                               ============   ============Balance Sheet                                                 March 31,      March 31,                                                   2008           2007                                               ------------   ------------ASSETSCurrent Assets   Cash                                        $    389,440   $    607,759   Accounts receivable - trade, net                 893,660        842,681   Inventories                                      437,171        196,447   Prepaid expenses and other                       107,144         74,481   Deferred tax asset                                29,648         29,648                                               ------------   ------------       Total current assets                       1,857,063      1,751,016Non-current assets   Property, plant and equipment, net             4,177,350      4,258,225   Notes receivable, related party                  318,138        590,450   Water rights, net                                432,871         74,600   Deposits                                         135,785        109,004   Other, net                                       184,302        125,811                                               ------------   ------------       Total non-current assets                   5,248,446      5,158,090                                               ------------   ------------       Total assets                            $  7,105,509   $  6,909,105                                               ============   ============LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities   Accounts payable                            $    417,929   $    254,059   Accrued expenses                                 318,352        243,218   Customer deposits                                 80,530         93,584   Income taxes payable                                   -        100,366   Current portion of long-term debt                 56,748         84,793                                               ------------   ------------       Total current liabilities                    873,559        776,020Non-current liabilities   Long-term debt, less current portion           4,403,789      3,944,333   Deferred tax liability                            75,480         96,638   Deferred gain on the sale of real estate         178,822        357,544                                               ------------   ------------       Total non-current liabilities              4,658,091      4,398,515                                               ------------   ------------       Total liabilities                          5,531,650      5,174,535                                               ------------   ------------Stockholders' equity   Preferred stock                                        -              -   Common stock                                       6,426          3,015   Additional paid-in capital                     1,634,159      1,486,973   Retained earnings (deficit)                      (66,726)       244,582                                               ------------   ------------       Total stockholders' equity                 1,573,859      1,734,570                                               ------------   ------------       Total liabilities and stockholders'        equity                                 $  7,105,509   $  6,909,105                                               ============   ============