DynaMotive Announces Partnership to Develop BioOil Energy Projects

    VANCOUVER, BC, Feb. 6 - DynaMotive Technologies Corporation
announced today that it has signed a Memorandum of
Understanding (MOU) with TECNA S.A. of Argentina. Under terms of the MOU,
TECNA would provide engineering, procurement and construction (EPC) services
for commercial BioOil energy projects in Latin America and other markets on a
non-exclusive basis. TECNA would also collaborate with DynaMotive to provide
technical design and optimization input on DynaMotive's BioOil production
technology. The MOU requires the parties to endeavour to enter into a
comprehensive agreement within 60 days of its signing.

    "When entered into, the agreement with TECNA will be another critical
step in our commercialization strategy," said DynaMotive President and CEO
Andrew Kingston. "Through this agreement, we will gain proven capabilities in
project development and construction. These are expected to translate into
efficiencies in engineering design, procurement, construction and project
management. This will improve the Company's competitive position as we
commercialize our BioOil technology and allow us to maximize value to our
shareholders while minimizing risk. TECNA's size, experience and international
reach make it an ideal partner for DynaMotive."

    Commenting on the MOU, Mr. Jorge Kawaguchi, Senior Executive and Partner
of TECNA said: "Latin America is ideal for developing BioOil projects, having
one of the world's largest 'green' energy reserves and potential CO2 offsets.
These characteristics match perfectly with the DynaMotive project. TECNA is
placing great hopes in this development and will endeavour to bring its
technological capabilities and network of Latin American business contacts to
help ensure success of this venture."