HyPower Fuel Encouraged by Targets Progress

   HyPower Fuel Inc. (PINK SHEETS: HYPF)

HyPower hereby provides an update into the status of its negotiations to acquire two companies. Mr. Douglas Bender, CEO of HyPower, commented that "we have met with the principals of both companies recently and are encouraged by their forward progress. TC1 is a category leading company with over 30 years of experience in the green deconstruction-recycling industry and has been involved in such projects across North America and internationally."

Mr. Bender went on further to comment on TC2 by saying that "while development of TC2's technology has taken longer than expected it's overall benefits will dramatically change the air power industry that has not seen a leap forward like this for over 50 years. HyPower is immensely pleased to be a partner in this exciting technology and is currently assisting TC2 in locating and negotiating with overseas licensees and for major investment funding."

About HyPower Fuel Inc.

HyPower is a category leading company in the energy technology sector, providing innovative, clean alternative energies through unique methods. Currently HyPower has hydrogen insertion/production and biodiesel technologies in development and/or in the product commercialization stage. For more information please visit: www.hypowerfuel.com and/or contact us at: [e-mail]

Safe Harbor - This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of HyPower Fuel Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The actual results achieved may differ materially from any forward-looking statements due to these risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

Contacts: Newstrack Communications [phone] HyPower Fuel Inc. [e-mail] www.hypowerfuel.com