Palcan Appoints Century Communications To Publicize Global Deployment Of Its Fuel Cell Technology

    VANCOUVER, British Columbia--July 8, 2003--Palcan Fuel Cells Ltd. (TSX VENTURE:PC) is pleased to announce the appointment of Century Communications Corporation of Vancouver, B.C. Century Communications specializes in executing Corporate Communications & Investor Relations programs for breakthrough technologies and is represented by a stable of several high profile clients.
    With more than 13 years of experience, Century is charged with the mandate of elevating Palcan's global profile by creating increased awareness among the media, financial community and the general public about its commercial ready, mass-market focused, low wattage fuel cell power sources.
    Century Communications has developed successful communications programs for a number of publicly listed companies on Canadian and American stock exchanges.
    "We are very pleased to be partners in working with Palcan to assist in bringing their success story to the public's attention. Palcan, which has been an R&D Company for some time, has evolved into a commercial-ready enterprise. Its evolution is very similar to that of one of our long-term clients which has recently seen considerable appreciation in its share price and daily trading volume. We think Palcan has the same kind of potential," said Century's President & CEO, John L. Carswell. "A clean, readily renewable energy source is sorely lacking in developing countries where smaller transportation devices like two and three wheeled vehicles dominate the landscape and Palcan has that source," he added.
    Palcan's combined expertise in the design and manufacturing of fuel cells, fuelling infrastructure and electronics is unique to the industry. The ability to optimize fuel cell stack and balance of plant designs via an integrated system emphasis leverages a strong competitive advantage in performance, overall cost and speed to market for Palcan's PEM fuel cell stacks and PalPac(TM) power products.
    Palcan Fuel Cells' President & CEO, Dr. John Shen said "Century Communications was selected from among a number of communications firms because of its many years of success and experience in developing effective information programs to communicate with key financial, business and consumer media. The opportunity that Palcan offers potential investors is significant and early stage. Therefore, we selected Century at this particular time to convey this message to as many people and as quickly as possible. Our recent announcements stating that our fuel cell stacks are market ready makes Century's appointment most timely."
    The previously announced appointment, made on May 27, 2003, of Mr. Jim Simpson as a consultant to the Company will not proceed. Engagement of Century Communications is subject to the approval of the TSX Venture Exchange.

    About Palcan

    The Company is a leading developer and manufacturer of low output, 100 watt to 5 kilowatt proton exchange membrane (PEM) fuel cells and metal hydride hydrogen storage products. The Company's proprietary and patent pending technologies form the core of the PalPac(TM) Power Product, a unique and integrated fuel cell power system. The Company's PalPacTM fuel cell systems are a reliable and clean environmental alternative to replace batteries and small internal combustion engines. In global consumer products these target the portable, stationery and two and three wheeled transportation sectors. The Company's manufacturing, research and development facilities are located in Burnaby, British Columbia.

    "John Shen"
    John Shen, Ph.D.
    President & CEO