DynaMotive Europe Ltd. Announces Acquisition of Border Biofuels Ltd.

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TO BUSINESS AND ENVIRONMENTAL EDITORS:

DynaMotive Europe Ltd. Announces Acquisition of Border Biofuels Ltd.

Provides Access to Commercial Power Generation Contracts Under UK

Non Fossil Fuel Obligation

Revenues Guaranteed under NFFO Contracts could Exceed US$800,000,000

CANADA, BRITISH COLUMBIA, VANCOUVER, Apr. 23 -/E-Wire/-- DynaMotive Technologies Corporation (OTCBB: DYMTF) announced today that it has acquired 75% of Border Biofuels Limited (BBL), a UK Green Power project development company with an option to acquire 100% of the company in a deferred stock transaction. Through the acquisition of BBL, DynaMotive has accessed 15 year power purchase contracts in the UK for the production of 60 MW of electricity. Projects are to be fuelled by BioOil. The contracts provide an option for, but not the obligation to provide power. Revenues provided for under the agreement could exceed US$800,000,000 over 15 years. The contracts provide an indexed and incentive- based guaranteed purchase price structure which DynaMotive believes will be profitable using its technology subject to the requirement for DynaMotive to secure significant project finance for necessary capital expenditures, local project permitting and securing reliable supplies of bio-feedstock.

The transaction involved the assumption of debt by DynaMotive of pnds stlg 200,000 for which the Company provided guarantee to BBL's Bankers, the transfer of 75% of the shares in BBL for a nominal consideration of (pnds stlg 1) and an agreement to acquire the balance of BBL's equity for pnds stlg 800,000 in DynaMotive stock at the higher rate of $2.00 per share or the prevailing market price at the time BBL becomes profitable under UK General Accepted Accounting Principles (GAAP). Furthermore, as part of the transaction, BBL restructured its debt with its Bankers (pnds stlg 1,200,000). This debt will be repaid from profits generated by BBL.

Commenting on the acquisition of BBL, Andrew Kingston, President and Chief Executive Officer of DynaMotive said, "BBL's capabilities and project portfolio puts DynaMotive at the forefront of power generation through the application of pyrolysis technology. The power purchase agreements provide substantive revenue potential under the UK Non Fossil Fuel Obligation Program and position DynaMotive as a key player in the European Green power generation market."

Stephen Ives, DynaMotive's Chief Financial Officer, worked closely with Mr. Antony Robson, DynaMotive Europe's Managing Director in structuring this transaction. "I would like to extend on behalf of DynaMotive, my congratulations on achieving such a positive outcome for the Company and to welcome BBL's management to DynaMotive's Group of Companies."

Mr. Antony Robson, DynaMotive Europe's Managing Director said, "Over the past year, DynaMotive has established significant relationships with engine manufacturers, energy utilities, engineering firms and Government organizations. This major acquisition of BBL yet further strengthens our ties in the UK to develop and create a significant market presence in the UK and our European target markets."

Stephen Ives, DynaMotive's Chief Financial Officer commented "This acquisition marks a major milestone in DynaMotive's move towards commercialisation of its BioOil technology. It provides us with control over every aspect of a range of well advanced projects for the generation of electricity from renewable resources and a top quality project management team of proven ability. With the support of grants from the Department of Trade and Industry and our new partners, we are now able to demonstrate and prove our technology on a cost effective and low risk basis. In short, we have secured our route to commercial exploitation of our technology at a stroke, which is very exciting indeed."

DynaMotive Technologies Corporation is an energy systems company that is a world leader in the development of technology to produce competitively priced BioOil liquid fuels from renewable and non-depleting biomass. As a clean fuel to replace natural gas, diesel and other fossil fuels to produce power and heat in industrial boilers, gas turbines and diesel engines, BioOil presents significant market opportunities that DynaMotive intends to exploit commercially. The Company and its partners are also engaged in research and development on a range of derivative products that, if successful, could potentially further enhance the market and value for BioOil as an alternative fuel and product source.

Forward Looking Statement Statements in this news release concerning the company's business outlook or future economic performance; anticipated profitability, revenues, expenses, or other financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements" as that term is defined under the Federal Securities Laws.

Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stored in such statements. Such risks, uncertainties and factors include, but are not limited to, changes and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission.

DynaMotive Technologies Corporation

http://www.dynamotive.com

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