HTC Hydrogen Technologies Corp.

HTC Hydrogen Technologies Corp.

October 25, 2006 17:21 ET

HTC Hydrogen Technologies Corp.-dba "HTC Purenergy" Announces the Signing of Agreement to Establish HTC GULF LLC for CO2 Management Services in the Middle East

REGINA, SASKATCHEWAN--(CCNMatthews - Oct. 25, 2006) - HTC Purenergy (TSX VENTURE:HTC)("HTC") today announced the signing of an agreement with Environmental Protection Technical Services Est. (EPTS) of Khobar, Saudi Arabia.

An agreement has been signed between HTC and EPTS to set up a joint venture under the name of HTC Gulf LLC "(HTC GULF)" to ultimately provide HTC's CO2 carbon management products and services to Saudi Arabia and other Gulf Coast countries in the Middle East.

HTC GULF has been invited by a large integrated energy company to prepare and submit a proposal to design, construct, and operate a smaller scale commercial CO2 capture facility that will be used to provide CO2 for enhanced oil recovery within legacy oil fields located in Saudi Arabia. It is anticipated that given the proven success of this project, HTC GULF will be well positioned to expand its CO2 management projects to other oil fields located in the Gulf area.

HTC Chairman - Lionel Kambeitz commented, "With the decline in oil production from its legacy oil fields, Saudi Arabia and other Gulf Coast Countries are looking to take advantage of CO2 enhanced oil recovery and CO2 storage techniques proven up in the oil fields of Weyburn, Saskatchewan. The CO2 management technology provided by HTC and the University of Regina is globally recognized, as evidenced by this agreement. HTC looks forward to expanding its operations into this new vibrant market for its CO2 Management Products".

HTC Purenergy is commercializing and deploying CO2 capture and storage technologies for enhanced oil recovery and geological sequestration, with projects in Norway, United States, Canada, China, Australia and Saudi Arabia. HTC Purenergy operates from it head office in Regina Canada, as well as business offices in Sydney Australia and Beijing China with its technical services department located at the International Test Centre for CO2 Capture at the University of Regina.

HTC Purenergy provides Carbon Management solutions to industry worldwide, from its head office in Regina, Saskatchewan. 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.

Contact Information