Hy-Drive Announces Option Pricing Correction

    TORONTO, Dec. 18 /CNW/ - Hy-Drive Technologies Ltd. (TSX-V: HGS) As
previously announced, the Company issued 37,037 options at a price of $0.60
per share and 30,000 options at a price of $0.85 per share to a Director and
Investor Relations firm. Both of these option grants have been re-priced with
an exercise price of $1.00 per share and will expire on October 24, 2017.

    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.

    The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and has neither 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.

For further information:

For further information: Corporate Information: Tom Brown, President &
CEO, Tel: (905) 542-3024 x 222, tbrown@hy-drive.com; Thomas Wallace, Chief
Financial Officer, Tel: (905) 542-3024 x257, twallace@hy-drive.com

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