Hy-Drive Announces Date for Release of Third Quarter Results and Company Conference Call



    TORONTO, Nov. 6 /CNW/ - Hy-Drive Technologies Ltd. (TSX-V: HGS) today
announced that the company will publish its third quarter financial results of
operations after the market closes on Thursday November 8, 2007. The company
will then host a conference call on the morning of November 9th at 10 AM EST.
During the call, Management will discuss the result of operations, as well as,
provide a general company update and take questions from participating
listeners. Members from the Board of Directors will also be available to
answer any Board related non-operational questions.
    The Company invites interested parties to submit general non-quarter
related questions ahead of time by email to Shannon Brander, Vice President of
Administration & Corporate Secretary at sbrander@hy-drive.com.
    To access the November 9th call, participating Investors can dial toll
free 866-356-3377 and use passcode 44139393. International callers can dial
617-597-5392 and use the same passcode.
    The call will be available for replay until December 9, 2007 by dialing
toll free 888-286-8010 or 617-801-6888. The replay will require use of
passcode 22527368.
    This call is being webcast by Thomson/CCBN and can be accessed at
Hy-Drive's Web site, www.hy-drive.com.
    The call is also being distributed through the Thomson StreetEvents
Network to both institutional and individual investors. Individual investors
can listen to the call at Thomson/CCBN's individual investor portal,
www.fulldisclosure.com. Institutional investors can access the call via
Thomson's password-protected event management site, StreetEvents
(www.streetevents.com).
    As previously announced on October 25, 2007, the 157,037 option awards
granted by the Company under the 2007 Company Stock Option Plan will expire on
October 23, 2017.

    About Hy-Drive

    Hy-Drive is an energy technology firm that has developed a proprietary,
patented hydrogen generating system. The Hy-Drive system generates and injects
hydrogen gas into a regular internal combustion engine, enhancing the
combustion process by allowing fuel to burn more efficiently and completely.
For further information, visit www.hy-drive.com.

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements contained in this press release may constitute
forward-looking statements. Such statements reflect Hy-Drive's current views
with respect to future events and are subject to certain risks, uncertainties
and assumptions. Many factors could cause Hy-Drive's actual results,
performance or achievements to be materially different from any future
results, performance or achievements that may be expressed or implied by such
forward-looking statements, including among other things, those which are
discussed under the headings "Risk Factors" and elsewhere in documents that
Hy-Drive files from time to time with securities regulatory authorities.
Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Hy-Drive does not intend, and
does not assume any obligation, to update these forward-looking statements.

    The TSX Venture Exchange has in no way approved nor disapproved the
    contents of this press release. The TSX Venture Exchange does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00016984E




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HY-DRIVE TECHNOLOGIES LTD.

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