SOURCE: Clean Coal Technologies, Inc.

March 23, 2010 10:02 ET

Clean Coal Technologies, Inc. (NASDAQ Pink Sheets CCTC) Responds to Allegations and Assertions

BOCA RATON, FL--(Marketwire - March 23, 2010) - In response to a series of assertions and allegations, Clean Coal Technologies, Inc. (PINKSHEETS: CCTC), President & CEO, Doug Hague, has made the following statement:

"CCTI has been advised that certain individuals have made derogatory and untrue statements about the Company and its associates. Our company has commenced an investigation to discover the identities of the parties responsible and shall pursue legal action to the full extent of the law. We wish to assure our shareholders, and the public at large, that these allegations are completely false and without merit.

"Furthermore, the Company wishes to advise that its business fundamentals remain unchanged, and that none of the Company's employees or associates are the subject of any actions involving the SEC, or any other agency. 

"The Company remains focused on achieving the business goals outlined in previous press releases, including the consummation of its initial Technology Licensing Agreements in both China and India. We are on track to close our first license agreement in the USA prior to the end of this year and continue to move forward in Inner Mongolia. Progress on these, and other activities will be the subject of future announcements.

"The Company is due to file its 2009 10K and audited statements prior to the end of March. This will provide shareholders and the investment community with a comprehensive report on all aspects of the Company's operations, and as such will illustrate that the Company is sound and following it's previously stated objectives.

"Any questions, or concerns involving these assertions, or the Company in general should be forwarded to the CCTI Fraud function, at CCTCFraudUnit@Yahoo.com.

"We thank all our investors for their continued support of our company."

About Clean Coal Technologies, Inc.:

Clean Coal Technologies, Inc. owns a patented technology to reduce the contaminants and pollutants created by the burning of coal through a patented multi-stage process that transforms coal with high levels of impurities, contaminants and other polluting elements into an efficient, clean and inexpensive source of high energy, low polluting fuel.

Matters discussed in this press release contain forward-looking statements. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are not limited to, the time frame for production of revenue, product development and commercial introduction, the impact of rapid price and technological change and competition, manufacturing and supply uncertainties and other risks.

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