Hybrid Energy Advances Heavy Oil Technology Acquisition: 'Heavy Oil Working Group' to Facilitate Growth Into $155 Billion Market

   Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today further support for its entry in the Heavy Oil market through the recent formation of the international Heavy Oil Working Group; and has revised upwards the income potential and market valuation of the Heavy Oil Technology.

The Heavy Oil Working Group, which was initiated by The Honorable Christian Paradis, Canadian Minister of Natural Resources, during the Energy and Climate Partnership of the Americas, will serve as a forum for heavy oil producers and consumers in the Americas to exchange information on best practices and technological innovation. Potential country members of this group include Brazil, Canada, Colombia, Mexico, the United States and Venezuela.

For the years ahead, the development of unconventional resources represents an important addition to the world's fossil fuel supply. The Heavy Oil Working Group provides a unique opportunity to create a collaborative network of experts within the region, focus on technical cooperation and technological innovation and ultimately gain a greater understanding of the potential of heavy oil.

"Collaborating with our neighbors in this way will help us all balance energy security and climate change with economic development," said Minister Paradis.

The Heavy Oil Industry, currently a $155 billion per year business, is set for substantial increases based on dwindling supply and increased demand. The recent Deep Water drilling ban is further putting pressure on the demand for Heavy Oil Extraction solutions.

Worldwide, the Heavy Oil industry is a $155 billion-a-year business, and is expected to continue growing as oil demand increases and supplies dwindle.

There are 300 years worth of heavy oil at the current rate of consumption and 60% of the US oil reserves is Heavy Oil, just waiting to be extracted. The known US Heavy Oil reserves are estimated to be 100 - 180 billion barrels. Refineries from all around the world are retooling their facilities towards heavy oil refining.

The Company's proprietary Visalo technology is a unique nascent production and extraction method that dramatically increases recovery rates to 90% or higher at substantially lower entry costs in the heavy oil production industry. The Company believes its Heavy Oil Extraction technology will set the standard in a market with no clear-cut extraction/production standard.

The Company believes Heavy Oil is an up and coming energy resource aggressively being sought as the world's energy demand increases. As technology continues to improve, this once costly energy source is quickly becoming a more viable alternative.

The Company earns revenues from the extraction and recovery of 'heavy oil' reserves from existing wells not in active production. The Company licenses the technology to joint venture recovery projects. Additionally, the technology and processes will dramatically increase the production potential and market valuation of the Company's current gas and oil production assets.

This Heavy Oil Extraction acquisition, together with the Solar Energy Acquisition and Development Projects and the addition of technologies to increase the oil and gas production efficiencies and profitability, have increased the Company's revenue projections and shareholder value.

The Company's foundation building Phase I strategic plan called for traditional and proven fuel production acquisitions to establish revenues and assets. Building on its success, the Company launched Phase II of its growth strategy and began its transition to alternative and renewable energy and technology revenue models. The Company intends to diversify its holdings into forward thinking energy production and technology and divest its direct operation of production fields and focus instead on licensing, joint ventures and distribution.

The company's New Energy Initiative calls for the aggressive investment in, and acquisition and development of nascent 'New Energy' technologies, Intellectual Property assets, and operations in the Clean Energy, Energy Smart Technologies and Carbon Capture & Storage sectors of the Energy Sector.

The company is assessing the acquisition of several new assets, operations and technologies and encourages further technology submittals and developmental joint ventures through the Merger & Acquisition portal at www.HybridEnergyHoldings.com

About Hybrid Energy Holdings

Hybrid Energy Holdings (HEH) acquires sector-specific technology and assets as part of its Phase II Clean Energy Initiative. HEH's prior foundation building acquisitions focused primarily on traditional and proven fuel production and has transitioned its growth strategy to adding the latest in energy conservation, reclamation, and power co-generation technologies. HEH may acquire nascent energy technology or rights as portfolio enhancing assets. HEH's primary business strategy is the acquisition of diverse, profitable energy related assets that provide synergistic profits and revenue enhancements across all portfolio companies.

HEH believes its combination of profitability and mitigated-risk funding structures provides long-term shareholder equity appreciation.

The company maintains its web site at: www.HybridEnergyHoldings.com

Safe-Harbor Statement

This release contains statements or projections regarding future performance that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's filings contain various RISK FACTORS (and are incorporated on the Company's website "Investors" section by reference) and should be read before any investment decision.

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