Synex International Inc update on financing



    TSX: SXI

    VANCOUVER, Aug. 18 /CNW/ - Synex International Inc. announces that its
wholly owned subsidiary, Synex Energy Resources Ltd. ("Synex"), has received
the first advance of $500,000 under the Amended and Restated Credit Agreement
with the Canadian Western Bank (the "Agreement"). Future advances under the
Agreement are to be at the time and in the amounts requested by Synex. The
Agreement provides additional lending of $3,770,055 secured primarily by the
Cypress Creek Hydro Plant, as previously disclosed in a news release dated
July 24, 2009. At that time, Synex advised that advances were subject to the
completion of several conditions precedent. As announced on August 4, 2009,
acceptance by the British Columbia Utilities Commission of the related
Electricity Purchase Agreement under the BC Hydro Standing Offer Program (the
"EPA") was received on July 30, 2009. The Commercial Operation Date under the
EPA is July 31, 2009.
    In addition, on July 29, 2009, Synex fixed the interest rate on
$3,408,270 of the floating rate loan previously advanced for the Cypress Creek
Plant to be 4.35% on $1,008,270 for a one year term and 5.05% on $2,400,000
for a two year term.

    Synex International Inc. is a public company listed on the TSX with
businesses that cover the development, ownership and operation of electrical
generation facilities and the provision of consulting engineering services in
water resources, particularly hydroelectric facilities.

    
           "signed"
    -----------------------
    Greg Sunell, President
    





For further information:

For further information: 400-1444 Alberni Street, Vancouver, BC, V6G
2Z4, Phone (604) 688-8271 Ext. 309, Fax (604) 688-1286, E-mail:
gsunell@synex.com, Web Site: www.synex.com


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