NexGen Biofuels Ltd. Announces Plans to Replace its CFO With Local CFO

Search Initiated to Find Suitable Candidate

WESLEY CHAPEL, Florida, June 20 -- NexGen Biofuels Ltd. (OTCBB:NXGNF) announced today that Eran Rotem, its Chief Financial Officer, who currently lives in Israel, will be leaving NexGen, effective June 2008. The Company has initiated search for a suitable candidate in the United States to fill this position.

Ram Ajjarapu commented: "We appreciate the contributions that Eran has made to NexGen in the transition from Healthcare Technologies Ltd. His leadership and professionalism have been recognized by everyone throughout the organization. We sincerely wish him every success in the future."