Synex International Inc. update on the Cypress Creek Hydro Project

    TSE : SXI

    VANCOUVER, Jan. 27 /CNW/ - Synex International Inc. announces that its
wholly owned subsidiary, Synex Energy Resources Ltd., has recently signed an
electricity purchase agreement in respect of the Cypress Creek Hydro Project
with BC Hydro under the Standing Offer Program (the "EPA"). The EPA requires
the acceptance of the British Columbia Utilities Commission (the "BCUC"). BC
Hydro expects to submit the EPA to the BCUC in the near future.
    The BC Hydro field commissioning requirements in respect of the Cypress
Creek Hydro Project have recently been satisfied except for revenue metering.
It is anticipated the field requirements will be completed early February

    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.


    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:, Web Site:

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