DynaMotive to Focus in Biofuels and Derivative Products Says Andrew Kingston, President and CEO, Intention to Divest its Metal Cleaning Subsidiary is Announced

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DynaMotive to Focus in Biofuels and Derivative Products Says Andrew

Kingston, President and CEO, Intention to Divest its Metal Cleaning

Subsidiary is Announced

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DynaMotive to Focus in Biofuels and Derivative Products Says Andrew

Kingston, President and CEO, Intention to Divest its Metal Cleaning

Subsidiary is Announced

CANADA, BRITISH COLUMBIA, VANCOUVER, May. 1 -/E-Wire/-- DynaMotive Technologies Corporation (OTCBB: DYMTF) announced today that it intends to focus exclusively in the bioenergy field and in the development of BioOil derivative products and that it intends to divest its Metal Cleaning Subsidiary, DynaPower, Inc. (DynaPower). Furthermore, it announced that it has entered into a Letter of Intent with DynaPower Management for a potential Management Buyout (MBO). The Company intends to complete the divestiture by the third quarter this year. The Company will retain intellectual property ownership (Patents) and will continue to receive on-going royalties from its patents.

Commenting on the decision, Andrew Kingston, President and Chief Executive Officer of DynaMotive said, "While the Metal Cleaning Subsidiary has progressed substantially over the past two years, the Company believes that focusing its resources in the bioenergy field will provide better returns to its shareholders. Through the divestiture of DynaPower, we will be able to achieve the focus necessary to capitalize on our leadership position in the pyrolysis field.

The Company has recently acquired Border Biofuels Limited in the UK and through this, gained access to significant contracts in Europe for power generation with guaranteed power purchase arrangements under the UK's Non Fossil Fuel Obligation. Additionally, it has entered into a Memorandum of Understanding with Canadian Forest Products Ltd. to further develop commercial applications for pyrolysis. Maximizing the value of these agreements and increasing DynaMotive's power contract portfolio is clearly where the Company's focus will be directed."

DynaMotive Technologies Corporation is an energy systems company that is a world leader in the development of technology to produce competitively priced 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, pyrolysis fuels present 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.

The Company's DynaPower division produces industrial metal cleaning systems that eliminate the need for toxic chemicals traditionally used by the wire manufacturing industry to clean their products. DynaPower systems have now been sold in North and South America, Europe and Asia.

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 as to the possible sale of DynaPower 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 delays in the possible sale of DynaPower, 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

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