HTC Hydrogen Technologies Corp.

HTC Hydrogen Technologies Corp.

October 11, 2005 12:50 ET

HTC Hydrogen Technologies Corp. Announces the Signing of an Agreement to Purchase Performance CO2 Corp.

REGINA, SASKATCHEWAN--(CCNMatthews - Oct. 11, 2005) - HTC Hydrogen Technologies Corp. ("HTC Purenergy") (TSX VENTURE:HTC) announced today the signing of an agreement to purchase Performance CO2 Corp. from PSR Technologies Inc. (subject to regulatory approval).

Performance CO2 Corp. is based in Waterloo, Ontario, and holds the exclusive license to the "PSR brand" of designer solvents utilized in the capture of CO2. The PSR brand of CO2 capture solvents are published and recognized for their ability to increase the capture efficiency of removing CO2 from flue gas streams. This technology is used to capture the CO2 from coal fired or natural gas fired power plants, or any large CO2 emitter that wants to reduce their CO2 emissions to meet their environmental, regulatory, and/or Kyoto commitments. Captured CO2 is a commercially valuable commodity when utilized in enhanced oil recovery miscible flood programs.

Mr. Lionel Kambeitz - Chairman and CEO of HTC P urenergy is quoted as saying "The addition of the PSR line of capture solvents to HTC's current suite of technologies is a key component in the company's commercialization strategy to be the recognized global leader in post-combustion CO2 capture. World energy demand is growing, driving the need to build more fossil fuel power plants. Regulatory and public opinion is requiring the electric utilities to engage CO2 capture solutions to help mitigate greenhouse gas emissions. The addition of the PSR designer solvent technology ensures that HTC will maintain its recognized leadership position in cost effective CO2 capture".

HTC Hydrogen Technologies Corp. corporate developments can be followed on and is traded under the symbol HTC.

The TSX Venture Exchange Inc. does not take any responsibility for the adequacy or accuracy of the information contained in this news release.

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