HTC Hydrogen Technologies Corp.
TSX VENTURE : HTC

HTC Hydrogen Technologies Corp.

February 28, 2007 15:52 ET

HTC Hydrogen Technologies Corp. (dba "HTC Purenergy") Announces Acquisition of Performance CO2 Integration Inc.

REGINA, SASKATCHEWAN--(CCNMatthews - Feb. 28, 2007) - HTC Purenergy ("HTC")(TSX VENTURE:HTC) is pleased to announce that an agreement has been signed, between HTC and Performance CO2 Integration Inc. ("Performance"), in terms whereof HTC will acquire all the issued and outstanding shares of Performance, in exchange for 190,000 HTC Class A common voting shares. At close of market, on February 27, 2007 HTC shares were trading at $2.50 per share.

Performance is a Saskatchewan based company, established to develop CO2 process design, integration and gas processing expertise in applying optimized electric design to CO2 capture systems. It holds the technology rights, including copyright design, to the "Performance CO2 Capture CO-Gen" stand alone system, which increases the capture efficiency of removing CO2 from flue gas streams. The technology rights acquired are also 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 valuable commercial commodity when utilized in enhanced oil recovery miscible flood programs.

Through the acquisition of Performance, HTC will have the exclusive right to utilize and license the technology rights owned by Performance, which technology rights include the intellectual property rights to the process design and integration (feasibility optimization) of the "Performance Stand Alone CO2 Capture CO-Gen", and the copyright/design of micro food-grade CO2 production systems as well as mobile CO2 capture systems.

Mr. Lionel Kambeitz - Chairman and CEO of HTC Purenergy is quoted as saying: "The addition of Performance's CO2 capture process, design and integration, to HTC current suite of technologies, is a value added component in the Corporation's commercialization strategy to be the recognized global leader in pre/post-combustion CO2 capture and processing. 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 Performance's technology ensures that HTC will maintain its recognized leadership position in cost effective CO2 management and will further advance its CO2 Division commercialisation endeavours."

This transaction has been approved by the board of directors of HTC and by the TSX Venture Exchange Inc.

HTC Purenergy corporate developments can be followed on www.htcenergy.com 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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