Dynetek Industries Ltd. Appoints Douglas Pigot as Chairman of the Board of Directors

    CALGARY, May 5 /CNW/ - Dynetek Industries Ltd. (TSX:DNK), a leader in the
design, manufacturing and marketing of proprietary fuel storage cylinders and
systems for compressed natural gas and hydrogen, is pleased to announce the
appointment of Mr. Douglas Pigot as Chairman of the Board of Directors.
    Mr. Heinz Portmann, who has served as the Chairman of the Corporation
since its inception, will remain as a Director and support Mr. Pigot in his
transition as Chairman. The Board would like to thank Mr. Portmann for his
dedication and service to the Corporation over the past 18 years.
    Mr. Pigot assumes the role of Chairman immediately and will bring his 35
years of experience in banking, finance, capital markets advisory and general
management to support and guide the Dynetek management team.

For further information:

For further information: Douglas Pigot, Chairman & Director or Brad
Turner, Director, Dynetek Industries Ltd., 4410 46th Avenue SE, Calgary,
Alberta, T2B 3N7, Tel Calgary: (403) 720-0262, Toll free: 1-888-396-3835, Fax
Calgary: (403) 720-0263, Web: www.dynetek.com

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