DynaMotive Energy Systems Enters into Financing Arrangement with Neoventi, One of its Founding Investors, for $ 1,600,000

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DynaMotive Energy Systems Enters into Financing Arrangement with Neoventi, One of its Founding Investors, for $ 1,600,000

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DynaMotive Energy Systems Enters into Financing Arrangement with Neoventi, One of its Founding Investors, for $ 1,600,000

Announces Appointment of CFO

CANADA, Feb. 20 -/E-Wire/-- DynaMotive Energy Systems Corporation (OTCBB: DYMTF) announced today that it has appointed Mr. G. Jack MacDonald, CFA, seconded at EcoSecurities, as Chief Financial Officer and that it has entered into an agreement with Neoventi Technology Corporation, one of DynaMotive’s founding institutional investors, whereby Neoventi has agreed to invest up to $ 1,600,000 in the Company over a period of six months at a market determined price between $ 0.40 and $ 0.80 cents per share. Neoventi has been given registration rights respecting these securities.

Mr. MacDonald has acted as a financial advisor to DynaMotive over the past five months as part of EcoSecurities services and has been pivotal in the development of a comprehensive financial strategy to lead DynaMotive to full commercialization of its renewable energy technology. Neoventi’s commitment is the first phase in this strategy and is viewed as a strong vote of confidence in the Company and its direction. Mr. MacDonald replaces Mr. Steve Ives as CFO. Mr. Ives will continue to serve on DynaMotive’s board of directors .

Andrew Kingston, DynaMotive’s President and CEO, commenting on the appointment of Mr. MacDonald and the financial arrangement with Neoventi said, “DynaMotive is very pleased to have attracted Mr. MacDonald as CFO, his expertise in structuring finance for green energy projects coupled with his strong financial and securities background has already proven to be very valuable to our Company. DynaMotive’s management looks forward to continuing our close working relationship with him and the whole EcoSecurities team to rapidly grow the Company at this exciting juncture.

We are also very pleased with the further support received by Neoventi, one of our largest institutional investors. The financing was structured with EcoSecurities acting as financial advisor in close cooperation with Neoventi.

Finally, on behalf of the Company, I would like to thank Mr. Ives for his support over the past three years.â€쳌 Jack MacDonald said, “We are pleased to expand our relationship with DynaMotive after acting as Financial Advisor to the Company over the last five months. We believe that DynaMotive with its BioOil technology and energy systems would provide tremendous opportunities for both traditional corporate investors and those investors focused in the environmental benefits of its technology. Furthermore, the biomass energy conversion opportunities that DynaMotive’s technology represent could make a significant impact in markets around the world.â€쳌

EcoSecurities (www.ecosecurities.com) provides finance and advisory services for renewable energy and other environmentally sustainable processes. With over two dozen professionals spanning legal policy, economic, technical and financial capacity through offices in the US, UK, Netherlands, Brazil and Australia, the firm is a leader in emissions trading advisory and financial structuring for green energy projects and technologies. In 2001, EcoSecurities was recognized as the leading GHG advisory firm by the readers of Environmental Finance Magazine.

DynaMotive is an energy systems company that is focused on the development of innovative energy solutions based on its patented pyrolysis system. Through the application of its technology and know how, the Company intends to tap into abundant organic resources that are generally discarded by the agricultural and forest industries at a cost, and convert them into a renewable and environmentally friendly fuel. Examples include forestry residues such as wood, bark and agricultural residues, such as sugar cane bagasse. The Company has successfully converted each of these residues into BioOil and char making them a renewable and environmentally friendly oil and char reserve that is available worldwide.

To provide competitively priced renewable energy solutions, the Company has entered into cooperation agreements with leading engineering and turbine manufacturing firms. Through these agreements, the Company has gained the capacity to provide innovative integrated Waste-to-Power and Heat solutions to residue intensive industries, remote from electricity grid locations and economies that are heavily reliant on fuel imports. The Company plans to start construction of its first integrated power project in 2002 and is targeting to generate its first revenues from power in 2003.

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 statementsâ€쳌 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 Energy Systems Corporation

For more information on DynaMotive, please call:

Corporate Communications, Tel: (604) 267-6000, Toll Free (in North America): 1-[REDACTED-PHONE], Fax:(604) 267-6005, Email: [REDACTED-EMAIL]; In Europe, contact:

Antony Robson, Managing Director, Tel: (44) (0) 20-7518-9380, Fax: (44) (0) 20-7518-9381, For US enquiries, contact: James Acheson, Chief Operating Officer, DynaMotive Corporation, Tel: (323) 460-4900, Fax: (323) 465-2617, Email: [REDACTED-EMAIL]

http://www.DynaMotive.com

http://http://www.ecosecurities.com

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