Dynetek Hires New Vice President

CALGARY, July 24 - Dynetek Industries Ltd. (TSE: DNK) announced today that Ms. Andrea Cherkas joins the Company as Vice President, Sales and Marketing. Ms. Cherkas brings significant global experience in industrial marketing, sales and business development. With a chemical engineering background, she has a track record of driving sales and market growth in her leadership roles at industrial companies such as Dow Chemical Company, Nova Chemicals and ICG Propane.

Ms. Cherkas will play an integral part in the day-to-day operations with primary responsibility to provide leadership of the Company's sales and marketing activities.

In hiring Ms. Cherkas, Dynetek continues its commitment to meet market demand for its industry-leading technology and products, through enhancing the management team and increasing its focus on sales and marketing.

Dynetek develops, manufactures and markets Advanced Lightweight Fuel Storage Systems(TM) for storing compressed natural gas (CNG) for low emission CNG vehicles and compressed hydrogen for zero emission fuel cell vehicles. The Dynetek fuel storage system is marketed under the DyneCell(R) brand name.

For further information: Robb Thompson, Chief Financial Officer, (403) 720-0262 or 1-888-396-3835 (toll free in North America), www.dynetek.com