Key Capital Group Inc. - Announcement

    VANCOUVER, British Columbia--Nov. 8, 2001--Key Capital Group Inc. (the "Company") is pleased to announce that it has signed a Memorandum of Understanding with Mitsui & Co. (USA), and Mitsui & Co. (Canada) Inc. for a "Strategic Alliance" to exploit market opportunities for the Company's "fast charge algorithm - (Accelrate(TM))" technology. It is the intention of all parties to negotiate a "Marketing Agency Agreement" and a "Definitive License Agreement" (the "Agreements") and possibly a supply contract whereby Mitsui would supply Key with "Product Identification Code (PIC) technology to allow Key to imbed their charger protocol (Accelrate(TM) technology) into a protected chip. The geographic territories these Agreements will cover are as follows: Asia, South America, Central America, North America and Europe. In addition, negotiations for this Strategic Alliance will focus on the details of areas of exclusivity and application royalties.
    "This relationship has matured from March of this year when Key shipped a demonstration charger with our "Charger Protocol" (Accelrate(TM)) to Mitsui Japan. Since then, Mitsui has demonstrated this technology to many of their clients and subsidiaries and has been very pleased with the results", said David McLeod, President of Key Capital. "We, at Key, believe we have all the ingredients between Mitsui and Key to successfully exploit this technology. We are very impressed with Mitsui's approach and with the people we have been doing business with and look forward to a mutually beneficial relationship", said Mr. McLeod.
    Mitsui USA was incorporated in New York in 1966 as a wholly owned subsidiary of Mitsui & Co., Ltd., Japan, one of world's largest international trading companies. Over the ensuing years, Mitsui USA has wedded Mitsui savvy in the global marketplace with American business know-how and entrepreneurial vitality, and now exports of about $2 to $4 billion of American goods, while importing $1 to $1.5 billion of foreign goods.
    Mitsui USA's primary businesses are in exports, imports, wholesale domestic trade and investments. One of Mitsui USA's key strategies in recent years has been to enhance the company's activities in growth industries that have synergies with Mitsui USA's core businesses. Areas of special focus have included investments in the information and telecommunications industries, business expansion in the growing economies of Asia and Latin America, and energy and raw materials resource development. Particularly, amid a wave of global e-Transformation of business, Mitsui USA advises that it is moving forward to integrate Information Technology, Financial Technology and Logistic Technology into its core business to create new values and provide solutions for domestic and international clients.
    With 10 Business Divisions in 14 locations, Mitsui USA's total trade transactions amounted to $8.7 billion for its fiscal year ended December 31, 2000. Across the country, Mitsui USA operates nearly 100 consolidated subsidiaries and joint ventures in diverse fields that reinforce the company's core competence and service capabilities.

    Mitsui & Co (Canada) has offices in Montreal, Toronto, Calgary and Vancouver. The Canadian arm of Mitsui has very good connections and business opportunities in both Mexico (Central America) and Europe. Mitsui Canada's total trade transactions amounted to $3.7 billion for its fiscal year ended December 31, 2000. For more information on Mitsui USA and Mitsui Canada, readers are invited to visit its website at www.mitsui.com.
    ON BEHALF OF THE BOARD OF DIRECTORS OF KEY CAPITAL GROUP INC. "David McLeod" David McLeod, President

    Certain statements in this press release are forward-looking in nature, and, accordingly, are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated.
    The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.