Synex International Inc. update on the Cypress Hydro Project



    TSE: SXI

    VANCOUVER, Aug. 4 /CNW/ - Synex International Inc. announces that its
wholly owned subsidiary, Synex Energy Resources Ltd., has received
notification from BC Hydro that the electricity purchase agreement in respect
of the Cypress Creek Hydro Project under the Standing Offer Program (the
"EPA") has been approved by the British Columbia Utilities Commission (the
"BCUC"). The commercial operation date ("COD") under the EPA is July 31, 2009.
The Cypress plant is the first applicant under the BC Hydro Standing Offer
Program to achieve commercial operation. In addition, the Cypress plant has
been accepted under Environment Canada's "Environmental Choice"(M) program as
EcoLogo(M) Certified.
    The Cypress plant is a 2.8 MW hydroelectric facility located near Gold
River on Vancouver Island, BC. The Cypress plant utilizes the same powerline
to deliver electricity to BC Hydro as the Mears plant. The Mears plant is an
existing 3.8 MW hydroelectric facility which is wholly owned by Synex Energy
Resources Ltd.

    Synex International Inc. is a public company trading on the Toronto Stock
Exchange (TSX) with businesses involved with the development, ownership and
operation of electrical generation facilities, as well as the provision of
consulting engineering services in water resources, particularly for
hydroelectric and other power facilities.

    
          "signed"

    Greg Sunell, President
    

    This press release contains forward-looking statements that involve risks
and uncertainties. These statements reflect our current expectations and are
subject to change. They are subject to a number of risks and uncertainties
including, but not limited to, changes in economic conditions, risks
associated with the construction and operation of hydroelectric facilities and
changes in government policies.





For further information:

For further information: 400 - 1444 Alberni Street, Vancouver, BC, V6G
2Z4, Phone (604) 688-8271 Ext. 372, Fax (604) 688-1286, E-mail:
gsunell@synex.com, Web Site: www.synex.com


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