DynaMotive Technologies Corporation Secures New Alliance Investor

15 February 2000
DynaMotive Technologies Corporation Secures New Alliance Investor
    VANCOUVER, British Columbia, Feb. 15 -- DynaMotive
Technologies Corporation (OTC Bulletin Board: DYMTF) today announced that it
has entered into a new strategic alliance with China Energy Holdings Limited,
a wholly owned subsidiary of China Strategic Holdings Limited, a Hong Kong
investment company whose shares are traded on the Hong Kong Stock Exchange
(Stock Code: 235).
    China Strategic Holdings is an investment holdings company which together
with its subsidiaries have substantial investments in biotechnology,
information technology, telecommunications and e-commerce businesses as well
as participating in a broad range of businesses in China, including
manufacturing industries, infrastructure projects and energy related
companies.  China Energy Holdings Limited is a special purpose company of the
China Strategic Holdings group that invests in resources and energy related
projects. In addition to China Energy providing DynaMotive with the means to
introduce its technologies into Asia, China Energy has also agreed to invest
US $3.5 million into DynaMotive in exchange for 7 million restricted shares of
the Company's shares of common stock. This new investment will allow
DynaMotive to further access the previously announced matching government
funding of 37 cents for every dollar invested by DynaMotive for development of
BioOil production technology and applications.
    "Our recent investment represents our commitment to DynaMotive's
technologies.  In addition, we are firmly committed to work and support
DynaMotive's further development and commercial efforts, based on the
tremendous market opportunities and the compelling value of its technology in
converting waste into usable BioOil fuel," said Oei Hong Leong, Chairman and
CEO of China Strategic Holdings.
    Andrew Kingston, President and CEO of DynaMotive, says, "This investment
and alliance with China Strategic Holdings' major energy subsidiary represents
a significant vote of confidence in our Company by an investor with a
demonstrated history of picking winners.  DynaMotive is very eager to work
with China Energy to introduce our BioTherm reactors and our DynaPower metal
cleaning systems in Asia."
    Mr. Kingston further stated, "Our shareholders will be very pleased with
this progress in going forward on an aggressive business plan to realize our
goal of becoming the world leader in producing green energy from organic
waste.  China represents a huge, virtually untapped market where we believe we
can have great commercial success for our DynaPower division and for our
BioOil division.  With this new financing we will also be able to move forward
with our BioTherm reactors to produce BioOil in our other core markets of
Latin America, Europe and Canada."

    About DynaMotive:  DynaMotive Technologies Corporation is a world leader
in the development of BioOil clean fuels for "green" power generation.  BioOil
is produced using a unique waste-to-energy technology that converts low value
biomass wastes into a liquid fuel.  Unlike fossil fuels, BioOil is renewable,
clean burning, low in emissions, greenhouse gas neutral and can be produced
economically from biomass wastes.  The Company's DynaPower division produces
industrial metal cleaning systems that eliminate the need for toxic chemicals
traditionally used by the wire manufacturing industry to clean their products.
DynaPower systems have now been sold in eight countries.

    Forward Looking Statement
    Statements in this news release concerning the company's business outlook
or future economic performance; anticipated profitability, revenues, expenses,
or other financial items; and statements concerning assumptions made or
expectations as to any future events, conditions, performance or other
matters, are "forward-looking statements" as that term is defined under the
Federal Securities Laws.  Forward-looking statements are subject to risks,
uncertainties and other factors which could cause actual results to differ
materially from those stored in such statements. Such risks, uncertainties and
factors include, but are not limited to, changes and delays in product
development plans and schedules, customer acceptance of new products, changes
in pricing or other actions by competitors, patents owned by the Company and
its competitors, and general economic conditions, as well as other risks
detailed in the Company's filings with the Securities and Exchange Commission.

    For more information, call Toll Free: 1-877-863-2268

    Raymond McAllister
    Director, Corporate Communications     Direct Line 604-267-6009
    Fax 604-267-6005                       email: mcallister@dynamotive.com
    Web site: http://www.dynamotive.com

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