AlumiFuel Power, Inc. Featured in Keystone Edge Online Magazine

CENTENNIAL, Colo.--Early production stage hydrogen generation company AlumiFuel Power, Inc. (“API”), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW), (the “Company”), announced today that API and its Chief Executive Officer, David Cade, were featured both as a “Growth Company” and in an article in the September 10, 2009 edition of online magazine Keystone Edge (www.keystoneedge.com). The article is as follows:

AlumiFuel moving up in Philly's hydrogen hub

KEYSTONE EDGE, 9/10/2009

Writer: Joe Petrucci

As he files away some newly traded business cards, David Cade can barely keep up. Having just arrived from a renewable energy conference sponsored by the state in Philadelphia and speaking in front of Governor Ed Rendell, Cade is at it again, sitting down to talk about his company, AlumiFuel Power, Inc., and how it can help companies generate hydrogen onsite for small-scale applications.

"We're below the radar screen," says Cade, who moved the company to Philadelphia from Seattle in 2008, a year after taking over as president, and resides at the University City Science Center. "When the public realized we weren't going to be driving hydrogen-fueled cars six years ago, they kind of forgot about it."

"It" is hydrogen power, which Cade points out is clean, green, non-toxic and emission-less. AlumiFuel is focused on generating hydrogen gas and steam for multiple niche applications. Its groundbreaking technology is based on the exothermic chemical reaction of aluminum powder and water. The powder winds up in commercial available cans that are fed into reactors with water to generate a reaction - enough to get 1,000 liters of hydrogen into a weather balloon in 20 minutes. Hydrogen is typically purchased in 150-pound cylinders, but AlumiFuel can replace that with an 18-cubic inch reactor and cartridges - just add water.

Fortunately for Cade, he has been able to spread the word enough to enlist some pretty impressive partners, like Kaymont Consolidated. The Long Island, N.Y., company is the world's largest distributor of weather balloons, a $100 million market. AlumiFuel is also working to generate steam for underwater propulsion and feed fuel cells and turbines for backup, auxiliary or remote power.

Cade says the company's relationship with the Drexel University Nanotechnology Consortium has been critical to its success, providing access to high-powered electron microscopes and other invaluable nanoscale functions.

Featured Growth Company:

AlumiFuel Power, Inc.
3711 Market Street, Suite 950
Philadelphia, PA 19104
215-921-9203
www.alumifuelpowerinc.com/

Philadelphia's best-kept secret is the city has become something of a "hydrogen hub," where applications are being developed to drive commercialization. If that's the case, AlumiFuel Power, Inc., is at the center of that hub.

The company, which moved from the University City Science Center's Port Business incubator to its new building at 3711 Market and doubled its lab space in the summer of 2009, has also benefitted from its relationship with the Drexel University Nanotechnology Consortium. Utilizing Drexel's electron microscopy and other nanoscale technology, AlumiFuel is closing in on the right formula for commercial success.

AlumiFuel generates hydrogen gas and steam for multiple niche applications, driving fuel cells for backup, portable and remote power; driving underwater propulsion systems and turbine-based portable and auxiliary power systems; inflating devices such as weather balloons for military and meteorological applications.

President David Cade moved the company from Seattle to Philadelphia a year after taking over the company in 2007. Now at the center of the hydrogen universe, it is poised to continue building key partnerships that will spur commercialization of its proprietary formulas for mixing aluminum powder with water to generate a chemical reaction. Cade's mission is to spread the word that hydrogen is a viable and safe alternative energy.

About Keystone Edge

Keystone Edge (www.keystoneedge.com) tells the story of the new economy in Pennsylvania – a narrative of creative people and businesses, new development, cool places to live, and the best places to work and play. Each Thursday, the Web site and weekly online magazine presents original stories, video and photography to tell that story, from Pittsburgh to Philly. Keystone Edge Managing Editor is Joe Petrucci.

About AlumiFuel Power, Inc. (API)

API (www.alumifuelpowerinc.com) is an early production stage alternative energy company that generates hydrogen gas and superheated steam for multiple niche applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. API’s hydrogen drives fuel cells for portable and back-up power, fills inflatable devices such as weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its hydrogen/steam output is also being designed and developed to drive turbine-based underwater propulsion systems and auxiliary power systems. API has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products. For more news and information on API, please visit www.irgnews.com/coi/AFPW.

About AlumiFuel Power Corporation

AlumiFuel Power Corporation recently acquired its wholly-owned operating subsidiary AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications requiring on-site, on-demand fuel sources. The Company also has been conducting biotechnology research, development and potential commercialization of technologies and products for new cancer therapeutic agents and cancer fighting drugs called targeted therapies.

Safe Harbor for Forward-looking Statements

This news release may contain forward-looking statements that are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, they are based on management’s current beliefs and assumptions as to future events. However, since the company’s operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.