Hy-Drive Technologies Announces 2006 Results and Schedules Conference Call



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
    THE U.S./

    TSX Venture Exchange symbol: HGS

    TORONTO, April 26 /CNW/ - Hy-Drive Technologies Ltd. (TSX-V: HGS) the
developer of proprietary, patented Clean Air Operating Systems(TM) today
released its financial results for the three-month and twelve month periods
ended December 31, 2006.
    Hy-Drive will be holding a conference today at 4:15 PM Eastern Time to
discuss the results and to provide a general update.
    Investors can access the call by calling toll free 866-362-4829 and use
passcode 96841200. International callers can dial 617-597-5346 and use the
same passcode.
    The call will be available for replay until July 26, 2007 by dialing toll
free 888-286-8010 or 617-801-6888. The replay will require use of passcode
79690135.
    This call is being webcast by Thomson/CCBN and can be accessed at
Hy-Drive's Web site at 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 www.fulldisclosure.com, Thomson/CCBN's individual
investor portal, powered by StreetEvents. Institutional investors can access
the call via Thomson's password-protected event management site, StreetEvents
(www.streetevents.com).

    About Hy-Drive

    Hy-Drive is an energy technology firm that has developed a proprietary,
patented hydrogen generating system. Hy-Drive's Clean Air Operating System(TM)
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 more information, please visit www.hy-drive.com.

    The TSX Venture Exchange has in no way passed upon the merits of the
    proposed transaction and has neither 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




For further information:

For further information: Investor Relations: Glen Akselrod, Bristol
Capital Ltd., Tel: (905) 326-1888, glen@bristolir.com; Tom Brown, President,
Hy-Drive Technologies Ltd, Tel: (905) 542-3024, ext. 300,
tombrown@hy-drive.com

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HY-DRIVE TECHNOLOGIES LTD.

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