Dynamic Announces Director and Management Changes

May 18, 2012 11:44 AM EDT | Source: dynaCERT Inc.

Oshawa, Ontario--(Newsfile Corp. - May 18, 2012) - Dynamic Fuel Systems Inc. (TSX-V: DYA) ("Dynamic" or the "Corporation") today announces the following;

Mr. John Hultink retires as Chairman, Chief Executive Officer (CEO) and member of the Board of Directors. Mr. Hultink has served the Corporation in different capacities since 2009 initially sitting on the Business Advisory Board, and later as a Board of Director, Chairman and CEO.

John’s stewardship of the Corporation has been instrumental in transitioning the company and paving a solid foundation for the future. The market acceptance of the Corporations new flagship product the “HydraGen™ is the greatest accomplishment achieved in recent years. “Mr. Hultink's vision, foresight and leadership will be missed” stated Grove Bennett, President of Dynamic Fuel Systems.

Mr. Hultink will remain on as an independent consultant in an advisory capacity to assist in the Corporations transition. The Board of Directors wishes to express their sincere thanks and appreciation to Mr. Hultink for his devoted time and efforts on behalf of the Corporation.

Board of Directors meeting;

Immediately following the retirement of Mr. Hultink, the Board of Directors elected Mr. Wilf Wikkerink as Interim Chairman, Mr. James Payne as Chief Executive Officer (CEO) and Mr. Ronald Perry as Director.

“I am very excited about the opportunity to serve the Corporation as its Chief Executive Officer”, stated Mr. Payne. I look forward to advancing the initiatives undertaken throughout Mr. Hultink’s tenure with a focus on continued development of our product (s) markets and management team. Mr. Perry’s return to the Board of Directors represents an important step towards achieving our objectives.

“With the recent advancements and dedication of this group I am happy to be returning to the Board of Directors and working with the team” stated Mr. Ron Perry.

About Dynamic Fuel Systems Inc.

Dynamic Fuel Systems Inc. is an Oshawa, Ontario; Canada based energy Sector Company engaged in the sales & marketing, manufacture, distribution, installation and support of a transportable hydrogen generator aftermarket product targeted for use in the heavy tractor trailer industry.

This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

For further information, please contact:

Mr. Grove Bennett
President & Corporate Secretary
Dynamic Fuel Systems Inc.
1288 Ritson Road Nth, Suite 385
Oshawa, Ontario L1G 8B2
905-831-2440 x 613
www.dynamicfuel.com

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