West Hawk Development Corp.

West Hawk Development Corp.

February 28, 2008 11:43 ET

West Hawk Announces Clean Energy Gasification Project With Power Ecalene™ Fuels

DENVER, COLORADO--(Marketwire - Feb. 28, 2008) - West Hawk Development Corp. ("West Hawk") (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to announce that it has entered into an agreement with Power Ecalene™ Fuels ("PEF") to acquire a 10% interest of a gasification project in North Carolina. This project materializes West Hawk's vision of supplying clean and efficient energy via gasification. This project fits West Hawk's core business of clean energy gasification and will be a turning point for the company in terms of being a physical player in the gasification business.

The project consists of a primary train whereby the syngas will be liquefied and high quality premium fuels, such as jet fuel and ethanol fuel, will be developed using PEF's patented process. The objective is to use coal, biomass and waste as the feedstock to develop these high quality liquids. The initial cost of the facility is expected to be under $50 million. The Company is reviewing several different options to finance this project. This PEF unit should be operational within a year. It is planned that the train will use a ChemTech Gasification unit and the system will be commissioned by Southern Research Institute's C2L Development Center.

West Hawk will work with Power Ecalene™ Fuels, during 2008, on the development of the syngas to liquids demonstration plant of this advanced technology. As this work is accomplished, West Hawk will market and license the technology on a commercial scale, and earn a marketing and licensing fee as future facilities are constructed. This agreement also provides West Hawk the right to develop, construct, and operate this technology at West Hawk's coal sites and in its own plants within the respective assigned territories in North America and Asia.

In addition to this site serving commercial opportunities, the site will serve as a showcase for West Hawk Development and Power Ecalene™ Fuels to market this technology within North America and Asia and other locations in the world on a case by case basis. It will also serve as a site for future new technology development.

"Power Ecalene™ Fuels is very excited about the partnership with West Hawk Development. Together we can bring this innovative technology to market and change the way the world produces transportation fuel," said Ryan Hubbart, President of Power Ecalene™ Fuels, Inc.

"The West Hawk team is extremely excited about this opportunity with Power Ecalene™ Fuels, Inc. and excited about this launch into an advanced gasification project. I am particularly excited about the opportunity for our coal properties," sated Roger A. Baer, CFO, West Hawk Development Corporation.

"It has been a real pleasure to work with Gene Jackson, Chairman PEF, and Ryan Hubbart, President PEF, and their great team of business and technical professionals over the past several months to consummate this deal. We look forward to a great relationship for the future and rewarding all associated shareholders," stated Dr. Wm. Mark Hart, President and CEO, West Hawk Development Corporation.

On behalf of the Board of Directors,

Dr. Wm. Mark Hart, President and Chief Executive Officer

About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand clean energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Groundhog coal property located in northwest British Columbia; the Tulita coal property in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property.

About Power Ecalene Fuels, Inc: PEF is an advanced syngas to liquids technology with special focus on the premium liquids spectrum. PEF has developed advanced technology to convert syngas from different feedstock to high quality fuels like jet fuel and ethanol. This process is patented by PEF.

Ecalene™ is the trade mark name given to a mixture of alcohols, which may be used as fuel or as a fuel additive.

Cautionary Note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specially noted, are considered speculative. The Company has filed a National Instrument 51-101 Report on the Figure Four property. The Company has filed National Instrument 43-101 Reports for each of the Tulita coal property in the Northwest Territories, the Nunavut Coal property and the Groundhog Coal property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • West Hawk Development Corp.
    Dr. Wm. Mark Hart
    President and Chief Executive Officer
    (303) 357-4720
    (303) 357-4726 (FAX)
    Website: www.westhawkdevelopment.com