HTC Hydrogen Technologies Corp.
TSX VENTURE : HTC

HTC Hydrogen Technologies Corp.

September 24, 2007 18:50 ET

HTC Hydrogen Technologies Corp. (dba "HTC Purenergy") Announces Offering

REGINA, SASKATCHEWAN--(Marketwire - Sept. 24, 2007) - HTC Purenergy ("HTC") (TSX VENTURE:HTC) is pleased to announce that it will, conditional upon all necessary regulatory approvals, close the offering previously announced on May 1, 2007, on amended terms, and issue 2,727,273 units ("Units") at a price of $2.20 per Unit, for gross proceeds of $6,000,000.60 ("Offering"). Each Unit will consist of one common share ("Common Share") and one common share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase one additional Common Share at a price of $3.00 per Share for a period of 24 months after the date of issuance of the Units.

The exercise period for the Warrants will be accelerated (subject to standard notice terms and exercise conditions) if the Common Shares of HTC trade on a recognized stock exchange at or above a price of $5.00 for 20 or more consecutive trading days. Jacob & Company Securities Inc. is acting as broker in respect of the Offering.

HTC has submitted a new Form 4B Notice of Private Placement to the Exchange, on the terms set out herein and that the Corporation withdrew its previously submitted Form 4B Notice of Private Placement, which was submitted in respect of the private placement financing announced on May 1, 2007 as the terms of such financing were amended due to current capital market conditions.

Subject to the completion of this Offering and subject to HTC meeting the minimum listing requirements of a Tier 1 Issuer, HTC will apply to the TSX Venture Exchange (the "Exchange") to move to Tier 1 issuer status from the company's present Tier 2 status. Upon HTC becoming a Tier 1 issuer, HTC will, seek the approval of the Exchange to extend the warrant exercise period for the warrants offered under this Offering to 36 months.

The Offering has been approved by the board of directors of HTC.

Net proceeds of the Offering will be used for business development, including commercialization of HTC Purenergy's CO2 CCS (carbon capture storage) product offer and general corporate purposes.

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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