Daniel Owen Converts Debt into Shares of Dynex Power Inc.

    TORONTO, June 6 /CNW Telbec/ - Daniel Owen announced today that he has
converted outstanding convertible debt he held into 2,083,407 common shares of
Dynex Power Inc. ("Dynex") (TSXV: DNX) at the rate of C$0.1585 per common
share. The conversion rate for such debt was previously approved by the
shareholders of Dynex at a shareholder meeting held on January 30, 2008. The
convertible debt was placed in 2005. Such shares represent approximately 5.3%
of the total issued and outstanding common shares of Dynex as of the date
    As a result of this transaction, Mr. Owen directly and indirectly holds,
as of the date hereof, a total of 6,819,976 common shares of Dynex
representing approximately 17.2% of all issued and outstanding common shares
of Dynex.
    Mr. Owen is a Director of Dynex.

For further information:

For further information: Daniel Owen, Dynex Power Inc., +44 1522 500

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