Hy-Drive Announces Company Update Conference Call

    First in a Series of Future Scheduled Quarterly and Update Calls to be
    Hosted by Management and Board Members

    TORONTO, Oct. 26 /CNW/ - Hy-Drive Technologies Ltd. (TSX-V: HGS) today
announced that Management will begin a series of company update conference
calls after the release of third quarter financial results. Members of the
Board of Directors will also be available to answer any board level issues
that may be of interest.
    In the future, the Company will also announce dates and times to hold a
mid-quarter update call and a quarter ending conference call to keep
shareholders and stakeholders informed on general company progress of business
plan activities recently approved by the Board of Directors for the fourth
quarter 2007 and first quarter 2008.
    The first conference call will be scheduled in the coming weeks upon the
release of third quarter financial results, at which time a dial-in number
will be distributed in advance for all interested parties to participate in.

    About Hy-Drive

    Hy-Drive is an energy technology firm that has developed a proprietary,
patented hydrogen generating system. The Hy-Drive system 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 further information, visit www.hy-drive.com.

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements contained in this press release may constitute
forward-looking statements. Such statements reflect Hy-Drive's current views
with respect to future events and are subject to certain risks, uncertainties
and assumptions. Many factors could cause Hy-Drive's actual results,
performance or achievements to be materially different from any future
results, performance or achievements that may be expressed or implied by such
forward-looking statements, including among other things, those which are
discussed under the headings "Risk Factors" and elsewhere in documents that
Hy-Drive files from time to time with securities regulatory authorities.
Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Hy-Drive does not intend, and
does not assume any obligation, to update these forward-looking statements.

    The TSX Venture Exchange has in no way 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: Corporate Information: Tom Brown, President &
CEO, Tel: (905)542-3024 x222, tbrown@hy-drive.com

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