Dynetek Announces Program Award from Magna Steyr

    CALGARY, Feb. 6 /CNW/ - Dynetek Industries Ltd. ("Dynetek"), a leader in
developing, producing and marketing lightweight compressed natural gas (CNG)
storage systems and compressed hydrogen storage systems, announced today the
acceptance of a purchase order representing approximately $7 million (CAD) in
sales with Magna Steyr, an operating unit of Magna International Inc. The
purchase order involves the development, certification and supply of 700bar
compressed hydrogen fuel storage systems, including related engineering, to
Magna Steyr in connection with DaimlerChrysler's fuel cell program. Dynetek
will start delivering storage systems for system and vehicle testing in 2007.
    The fuel storage systems store the compressed hydrogen at a pressure of
700bar, which allows for significantly extended driving range compared to
lower pressure cylinders. Dynetek's patented 700bar cylinder valve used in the
system provides additional benefits due to the very low valve-mass and
integrated functionality. The hydrogen storage systems will undergo rigorous
testing to ensure reliable operation and will be certified to the most
stringent standards for worldwide operation.
    "This contract is a significant step forward in direction of mass
production and it underlines Dynetek's technical leadership in storage of
compressed hydrogen", says Chris Rasche, President and CEO. "Dynetek continues
to work very closely with various OEMs to develop new generations of storage
systems. The ultimate goal is to meet all the requirements for storage systems
to support OEM plans for mass production of hydrogen powered vehicles in the
near future."

    Dynetek Industries Ltd. designs, produces and markets one of the lightest
and most advanced fuel storage and refueling systems for compressed natural
gas, low emission vehicles and compressed hydrogen, zero-emission fuel cell
vehicles. Dynetek is recognized around the world for its solutions-of-choice
to the alternate fuel vehicle sector, evidenced by strategic relationships
with major manufacturers around the globe. Dynetek is listed on the Toronto
Stock Exchange, symbol: DNK.

    Certain information contained herein may constitute forward-looking
statements under applicable securities laws. Such statements are subject to
known or unknown risks and uncertainties that may cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. Investors are encouraged to review the "Risk Factors" section of
the Management's Discussion and Analysis in the Company's most recent Annual
Report and interim reports for a discussion of risks that could affect the
Company's operations and financial results. Forward-looking statements are
based upon management's assumptions, expectations and estimates at the time
that such statements are made. Dynetek does not update forward-looking
statements should circumstances change or management's assumptions,
expectations or estimates change, except as required by law.

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For further information: Christian Rasche, President and CEO, Dynetek
Industries Ltd., Main Phone: (403) 720-0262, Toll Free: 1-888-396-3835 (North
America), www.dynetek.com