Turbodyne Announces Results of Annual General Meeting and Appointment of New Director

CARPINTERIA, Calif., July 6 -- Turbodyne Technologies, Inc. (OTC Bulletin Board: TRBD; Berlin: TUD) ("Turbodyne") announces that all the resolutions presented at Turbodyne's Annual Meeting of stockholders held on June 30, 2004 (the "Meeting") were approved by Turbodyne's stockholders, including a resolution to increase Turbodyne's authorized shares of common stock from 150,000,000 to 1,000,000,000, which was approved by in excess of 97% of the votes represented at the Meeting.

Stockholders also approved the adoption of Turbodyne's 2004 stock option plan, the re-election of Mr. Andrew Martyn-Smith and the election of Mr. Randall Fox to Turbodyne's board of directors at the Meeting. Mr. Fox, age 51, is an attorney and managing partner at Reetz, Fox & Bartlett LLP. He has been practicing business law since 1978 and has represented a diverse client base. Mr. Fox also maintains an active investment portfolio and participates in numerous business and community groups. He has served on the Board of Directors, and as Chairman of the Board of the Laguna Blanca School and the Rehabilitation Institute at Santa Barbara, which provides medical services for brain and spinal cord injuries.

About Turbodyne's Lag-Free Turbo Power.

Turbodyne is a leading engineering company in the design and development of patented electrically assisted air-charging technology that enhances the performance of internal combustion engines. Turbodyne has combined the advanced technology of the miniaturization of power electronics with centrifugal compressor aerodynamics and high-performance electric motors to create products that provide internal combustion engines with additional air for clean, non-polluting engine power from cold start-up until peak torque. Further information on Turbodyne can be found at www.turbodyne.com.

This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.