HTC Purenergy Inc.

HTC Purenergy Inc.

April 30, 2009 07:00 ET

HTC Purenergy Inc. (dba "HTC Purenergy") Announces Positive Earnings From Operations and Financial Results for Fiscal Year Ending December 31, 2008

REGINA, SASKATCHEWAN--(Marketwire - April 30, 2009) - HTC Purenergy (the "Corporation" and/or "HTC") (TSX VENTURE:HTC) today announced its audited financial results for the fiscal year ending December 31, 2008.

Fiscal Year Ending Fiscal Year Ending
December 31, 2008 December 31, 2007
------------------ ------------------

Total Assets $29,430,079 $20,411,042
Revenue $4,597,576 $270,841
Net Income (Loss) from operations $934,867 $(2,615,302)
Net Income (Loss) for the year
after unusual items $(3,759,152) $2,271,231
Common Shares outstanding as of
year end 17,429,451 14,343,122
Profit (Loss) per Common Share
(weighted average) $(.24) $0.19
Fully Diluted Profit (Loss) per
Common Share (weighted average)(i) - $.15

(i) Diluted net loss per common share is not presented for December 31, 2007
as the effect of common share options would be anti-dilutive.

As at December 31, 2008, total assets were $29,430,079, as compared to $20,411,042 for the previous fiscal year. The increase in total assets is primarily due to the injection of funds from the sale of shares as well as an increase in long term investments. These combined with amounts generated through operations result in a stronger overall asset position. Included in total assets for 2008 are short term investments totaling $10,632,601 in term deposits and accrued interest compared with $4,700,000 in the previous year.

For the year ended December 31, 2008 the Corporation had operating revenue of $4,597,576. Revenues arose primarily from engineering and process design projects in Europe, Canada, and the United States. In addition, the Corporation received $313,530 in project fees in 2008. The Net Loss after unusual items and income from Equity Investment recorded at the end of 2008, in the amount of $3,759,152 was primarily attributable to the return of EESTech Inc. shares and the re-acquisition of EESTech CO2 Technologies Pty. Ltd., resulting in an unusual loss of $4,717,200.

The Corporation had a strong year and was able to realize the objectives it set for itself in the prior year. HTC comes out of the year with a stronger Team CO2, new global collaborative partners, increased global brand recognition and recognition as to our capabilities and expanded alliances that will enable HTC to not only reach more potential customers but also provide their services and products.

Financial results have been prepared in accordance with generally accepted accounting principals in Canada.

The information and opinions expressed herein involve known and unknown risks and uncertainties that may cause the Corporation's actual results or outcomes to be materially different from those anticipated and discussed herein. In assessing forward-looking statements contained herein, readers are urged to read carefully all cautionary statements contained in this news release, and in those other filings with the Corporations' Canadian regulatory authorities as found in ''. Although we believe that the expectations reflected in our forward-looking statement are reasonable, we cannot guarantee future results, levels of activity, performance or achievements or other future events. We are under no duty to update any of our forward-looking statements after the date of this news release, other than as required and governed by law.

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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