HTC Purenergy Inc.
TSX VENTURE : HTC

HTC Purenergy Inc.

March 09, 2009 07:00 ET

HTC Purenergy Acquires Carbon Rx Inc.

Carbon credit capabilities extend HTC's global leadership in cost effective CO2 Management

REGINA, SASKATCHEWAN--(Marketwire - March 9, 2009) - HTC Purenergy ("HTC" or "Corporation") (TSX VENTURE:HTC), today announced it has acquired Carbon Rx Inc. ("Carbon Rx"), a leader in the monetization of carbon credits.

Under the terms of the transaction, HTC will acquire all the issued and outstanding shares of Carbon Rx in exchange for 346,000 HTC common voting shares, valued at a deemed price of $2.50 per common share. At close of market on March 6, 2009 HTC's shares were trading at $2.34 per common share.

Through the acquisition of Carbon Rx, HTC will have the exclusive right to use and license the Carbon Rx Regina Protocols and the Carbon Credit Monetization Model ("CCMM") owned by Carbon Rx. The CCMM model provides Carbon Rx with a dynamic business model to effectively monetize CO2 by creating intangible assets through a variety of strategies including royalty agreement, equity participation and licensing agreements.

"The addition of Carbon Rx's technology will help maintain HTC's leadership position in cost effective CO2 management and will continue to accelerate HTC's commercialization strategy to be the recognized global leader in pre/post-combustion CO2 capture, processing and validation," said Lionel Kambeitz, Chairman and CEO. "The growing demand for world energy is driving the need to build more fossil fuel power plants and processing facilities, which will require carbon capture solutions to help mitigate greenhouse gas emissions. Through Carbon Rx, we will pursue a variety of strategic partnerships with CO2 project developers and carbon credit aggregators to ensure participation in various CO2 storage/sequestration projects."

Carbon Rx, a privately owned company, is engaged in China, Australia, Canada and the United States in the development, verification and inventorying of CO2 offset credits certified by "Carbon Rx Regina Protocols," a proprietary geological CO2 storage and sequestration protocol governing the storage of CO2, in conjunction with CO2 enhanced oil recovery and depleted natural gas and oil reservoirs. The Carbon Rx Regina Protocols will serve as an industry standard for methodologies necessary to validate carbon credits created as a result of CO2 storage/sequestration and will add significant economic value to the back end of the Carbon Capture and Storage value chain.

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

About HTC Purenergy

HTC is an energy technology company that commercializes carbon dioxide capture and storage technologies for Enhanced Oil Recovery and geological sequestration. The Corporation's mandate is to deliver Carbon Clear Solutions in order to solve the pending challenges of energy security and the impact of greenhouse gas emissions. For more information visit www.htcenergy.com.

HTC Purenergy corporate developments can be followed on www.htcenergy.com and is traded under the symbol HTC.

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