Dynamic Fuel Systems Inc.

January 26, 2010 15:31 ET

Dynamic Announces AGM Details and Provides Update Re First Majestic

PICKERING, ONTARIO--(Marketwire - Jan. 26, 2010) - Dynamic Fuel Systems Inc. (TSX VENTURE:DYA) ("Dynamic" or the "Corporation") is pleased to announce that the annual general and special meeting of its shareholders will be held at 4:00 p.m. (ET) on Tuesday, March 9, 2010 at the Quality Hotel & Suites at 580 Bruin Blvd., Woodstock, Ontario, N4V 1E5. The Corporation is also pleased to provide an update on the status of the Corporation's previously announced project with First Majestic Silver Corp. ("First Majestic").

In March 2009, Dynamic provided an update on its Pilot Project with First Majestic and announced the development of a new product line – Power Generators (PG), focused on the reduction of fuel and emissions from high horsepower stationary generators. As stated in Dynamic's March 18, 2009 press release, testing of Dynamic's prototype Power Generator on two types of First Majestic's diesel powered generators was conducted over a period of roughly nine days. The Corporation is encouraged by the test results that have been delivered to First Majestic. The Corporation also continues to discuss potential terms and programs for installation of Dynamic's units at First Majestic's mine sites, in addition to working through various logistical factors relating to the installation of the PG units. Further updates on these discussions will be provided once the business relationship between the parties is further defined and/or finalized.

About Dynamic Fuel Systems Inc.

Dynamic Fuel Systems Inc. is a Pickering, Ontario based energy sector company engaged in the manufacture, distribution, installation and marketing of a transportable hydrogen generator retrofit targeted for use in the heavy tractor trailer industry. Its flagship product, the Jetstar™, is a patent-pending aftermarket retrofit solution that provides combustion enhancement by mixing hydrogen and oxygen into a vehicle's intake air to provide the engine with a more complete burn of the fuel in its internal combustion engine. Its business was founded in 2001 and more information about its products can be viewed at its website at www.dynamicfuel.com.

Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

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