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Mr. Oei Hong Leong Joins the Board of DynaMotive as Co-Chairman

29 February 2000

Mr. Oei Hong Leong Joins the Board of DynaMotive Technologies as Co-Chairman 
    VANCOUVER, British Columbia, Feb. 29 -- DynaMotive
Technologies Corporation (OTC Bulletin Board: DYMTF) today announced that Mr.
Oei Hong Leong, Chairman and CEO of China Strategic Holdings, has joined the
Company's Board of Directors as Co-Chairman. DynaMotive recently announced
that it has entered into a new strategic alliance with China Energy Holdings
Limited, a wholly owned subsidiary of China Strategic Holdings Limited.
    "China Energy Holdings is fully committed to advancing DynaMotive's BioOil
production technology in China and other parts of Asia and supporting the
Company's expansion efforts around the world," said Mr. Oei.  "We have not
only made a substantial investment in the Company, but plan to be very active
in working with DynaMotive to establish strategic partnerships required to
build commercial scale BioOil plants in China and other countries in Asia."
    "DynaMotive is very eager to work with China Energy Holdings to introduce
our technology into China/Asia.  BioOil has the potential to play an important
role in energy balance in Asia as a renewable, clean, liquid fuel alternative
to traditional petroleum based fuels.  The production cost of BioOil should be
substantially reduced as economies of scale are triggered once full scale
commercial BioOil plants are completed.  In addition, the recent increase in
oil prices give a buoyancy to BioOil's competitive niche.  We recognize that
strategic partnerships coupled with a thorough knowledge of the marketplace
will be essential," said DynaMotive's Chairman Richard Lin.  "Mr. Oei has had
tremendous success doing business in China.  Furthermore, his experience in
the energy field will be of great assistance to us.  We are thrilled that Mr.
Oei has agreed to join our Board of Directors and as Co-Chairman."
    Mr. Oei is the Chairman and CEO of China Strategic Holdings Limited with
investments in energy, tire manufacturing, breweries, paper, pharmaceuticals
and other light and heavy industries including power plants, diesel engine
manufacturing, cement, chemical plants, electrical machinery and auto parts as
well as information technology and e-commerce related projects.  Mr. Oei has
been instrumental in the privatization of formerly state-owned businesses in
China and is chairman of more than 40 joint ventures in China.
    In addition Mr. Oei is chairman of several listed companies including MRI
Holdings Ltd., an Australian listed company, and PacificNet.com LLC, a B2B
e-commerce solution provider which was recently acquired by Creative Master
International, Inc. .  He also has media and real estate
interests in Hong Kong, Singapore, the USA, Australia and Canada and owns the
Plaza of Nations and other properties in Vancouver, BC.  Mr. Oei was born in
Indonesia where his father founded the Sinar Mas Group, currently the largest
industrial and investment group in Indonesia.  Mr. Oei maintains residences in
Singapore, Hong Kong and Vancouver, BC.
    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 further 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    Website - http://www.dynamotive.com

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