HyPower Fuel Announces Key Stakeholder Summit Meeting on Biodiesel Opportunities

Business Wire, July 16, 2008

WILMINGTON, Del. -- HyPower Fuel Inc. (PINKSHEETS: HYPF) Mr. Douglas Bender, President of HyPower Fuel Inc., is pleased to announce that HyPower's key stakeholders including it's executives, directors, business advisors, consultants, contractors and sales agents will be traveling to a Key Stakeholder Summit Meeting to consider the Biodiesel opportunities that have presented themselves to the Company.

Mr. Bender explained that "we have a number of very exciting opportunities and developments that we thought it necessary to get the key stakeholders together to share information so that our management team can best strategically plan HyPower's technology usage and deal flow. This meeting is the natural next step that we must make internally before we contract with any of our interested buyers and suitors. We are very gratified and encouraged by the advances we have made with the our biodiesel process and firmly believe that interested the HyPower Biofuel Process is at the forefront of the New Generation of Biodiesel Production Methods."

About the HyPower Biofuel Process

The HyPower Biofuel process is a cutting edge biodiesel technology that has a number of competitive advantages over conventional biodiesel production methods. The HyPower process uses essentially no catalysts or water to produce biodiesel. All inputs are recovered or converted to saleable products. The capital and operating costs and the environmental footprint of the process should also be significantly less than conventional methods of biodiesel production.

About HyPower Fuel Inc.

HyPower Fuel, Inc. is a category leading company in the energy technology sector, focusing on providing innovative, clean alternative energies through unique methods. Currently HyPower has hydrogen insertion and production technologies and biodiesel production technologies in development and/or in the product commercialization stage. For more information please visit: www.hypowerfuel.com

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 forward looking statements are subject to a number of risks and uncertainties. The actual results the Company achieves 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. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.