HTC Hydrogen Technologies Corp.

HTC Hydrogen Technologies Corp.

November 24, 2006 13:46 ET

HTC Hydrogen Technologies Corp. dba "HTC Purenergy" Announces Execution of Option Agreement to Acquire CO2 Technologies Pty Ltd.

REGINA, SASKATCHEWAN--(CCNMatthews - Nov. 24, 2006) - HTC Purenergy ("HTC") (TSX VENTURE:HTC) is pleased to announce that it has exercised its option to acquire CO2 Technologies Pty Ltd. ("CO2 Technologies"). The Corporation issued 602,000 Class A common voting shares in exchange for all the issued and outstanding shares of CO2 Technologies. At close of market, on November 23, 2006 HTC shares were trading at $2.05 per share.

This transaction has been approved by the TSX Venture Exchange Inc.

CO2 Technologies is a private Australian based company, established to develop business opportunities emerging from a carbon constrained economy.

The principal shareholders of CO2 Technologies, Mr. John Hanson and Mr. Graeme Lynch, hold extensive experience in bringing new technology services to market and have developed a business development process around the deployment of carbon clear energy technologies, which HTC is now incorporating globally.

CO2 Technologies has developed strong working relationships with government agencies, industry associations, utilities and engineering groups aligned to the energy sector, who are advancing the reduction of greenhouse gas emissions.

The research and market profiling model CO2 Technologies has developed, will be utilised by HTC to advance its Project Development Commercialisation opportunities. The principals of CO2 Technologies have secured strategic alliances and projects globally, that HTC will benefit from.

This acquisition secures the services of CO2 Technologies exclusively for HTC and all project development opportunities that have been initiated by CO2 Technologies globally will be assigned to HTC.

HTC Purenergy 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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