Hybrid Energy Announces Portfolio Valuation Increase as Natural Gas Settles at 15-Week High on Hot Weather, Rig Decline

   Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) revenue projections and asset valuations continue to increase as Natural gas futures rose to the highest price in more than 15 weeks as forecasts showed hotter-than-normal weather across much of the U.S. next week, boosting demand for the power-plant fuel.

High temperatures will stretch from the Southwest to New England June 12 through June 21, according to MDA Federal Inc.'s EarthSat Energy Weather. The number of U.S. oil and gas rigs operating in the Gulf of Mexico dropped by half last week to a 16-year low, according to Baker Hughes Inc.

"Hot weather will boost cooling demand," said Chris Jarvis, president of Caprock Risk Management LLC in Hampton Falls, New Hampshire. "The government started to curtail offshore drilling and natural gas can definitely benefit from that."

This positive news for the Company's Gas & Oil holdings, is in addition to recent launch of its Solar Energy Acquisition and Development Project; the first official project of the Company's diversification strategy and the first planned acquisition of $18,000,000 of KS-IP Holdings' (KS-IPH) Solar Energy Technologies portfolio. The KS-IPH Letter of Intent will be completed as an equity-base transaction without issuance of debt or use of cash reserves.

"The Solar Energy industry will return to high growth in 2010 and also over the next 5 years. Even in the slowest growth scenario, the global market will be 2.5 times its current size by 2014. Under the Production Led scenario, the fastest growing forecast, annual industry revenues approach $100 billion by 2014," according to NPD Group which publishes The Leading Annual World Solar PV Industry Report.

The company is assessing the acquisition of several new assets, operations and technologies, both in the Gas & Oil and New Energy Sectors; and encourages further gas production properties, technology submittals and developmental joint ventures through the Merger & Acquisition portal at www.HybridEnergyHoldings.com

The Company continues to grow its Gas & Oil production holdings and most recently announced its planned acquisition of new proven reserves of Natural Gas. The estimated value of this acquisition is $30,000,000. Full details and disclosures will be made upon completion of the transaction. The Company recently announced its production levels had increased 864% year-over-year; and expects further increases in production levels and increases in revenue and shareholder value.

The Company's portfolio consists of multiple energy production properties consistently delivering profitably and strong recurring cash-flows. The company's current holdings include 35 Billion Cubic Feet of reserves and produces from an estimated $30,000,000 in active reserves and an additional estimated $145,000,000 in available reserves. Acquisitions currently under consideration and when completed are expected to bring the company's Gas & Oil production portfolio value above $200,000,000 in proven energy reserves.

The Company's New Energy Initiative calls for the aggressive investment in, acquisition of 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.

About Hybrid Energy Holdings Hybrid Energy Holdings (HEH) acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. HEH's acquisitions are focused primarily on traditional and proven fuel production and the latest in energy conservation 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.

Contact: Investor Relations Tel: [phone] Fax: [phone] [e-mail] www.HybridEnergyHoldings.com