dynaCERT Inc

Attention Business Editors

Hy-Drive Announces Proposed Private Placement of up to CDN $5 Million

	    /NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES/

	    Hy-Drive Technologies Ltd. (HGS-V)

	    MISSISSAUGA, ON, May 13 /CNW/ - Hy-Drive Technologies Ltd. ("Hy-Drive" or
the "Company") today announced that it intends to undertake a brokered private
placement of up to 16,666,667 units ("Units") at a price of Cdn$0.30 per Unit
for gross proceeds of up to Cdn$5 million.
	    Each Unit will consist of one common share (a "Share") of the Company and
one-half of one warrant (a "Warrant"). Each whole Warrant will be exercisable
for one Share at a price of Cdn$0.46 per share for a period of five years.
	    Hy-Drive has engaged CapStone Investments to act as placement agent on a
best efforts basis to a limited number of accredited or other qualified
investors. The Company intends to use the net proceeds of the offering for
working capital and general corporate purposes, research and development,
capital expenditures and intellectual property protection.
	    Completion of the private placement is subject to the satisfaction of
certain conditions such as the receipt of all necessary regulatory approvals,
including that of the TSX Venture Exchange. There can be no assurance that the
private placement will be completed or that, if completed, it will be on the
terms currently contemplated.

	    Nothing contained in this press release shall be deemed an offer of
securities for sale in the United States, which may not be offered or sold in
the United States absent registration or an exemption from registration.

	    About Hy-Drive

	    Hy-Drive is a technology firm that has developed a proprietary, patented
hydrogen generating system. Hy-Drive's Hydrogen Generating System ("HGS(TM)")
generates and injects hydrogen gas into a regular internal combustion engine,
enhancing the combustion process by allowing fuel to burn more efficiently and
completely. For more information, please visit www.hy-drive.com.

	    Cautionary Note Regarding Forward-Looking Information

	    This news release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, information concerning Hy-Drive's
proposed private placement and matters related thereto. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "expects", or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"does not anticipate", or "believes" or variations of such words and phrases
or statements that certain actions, events or results "may", "could", "would",
"might", or "will be taken", "occur", or "be achieved". Forward-looking
information is based on the opinions and estimates of management at the date
the information is made, and is based on a number of assumptions and subject
to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the
forward-looking information. Many of these assumptions are based on factors
and events that are not within the control of Hy-Drive and there is no
assurance they will prove to be correct. Factors that could cause actual
results to vary materially from results anticipated by such forward-looking
information include risks associated with best efforts financing activities,
including the ability to raise sufficient funds as well as receipt of all
required regulatory and other approvals as well as market conditions and
economic factors. In addition, completion of the proposed private placement
may also be subject to risks associated with Hy-Drive's business, including,
without limitation, factors relating to the marketing, development and
commercialization of Hy-Drive existing and prospective product lines, changes
in foreign exchange and interest rates, government regulation, environmental
risks, capital expenditures, intellectual property, operating or technical
difficulties, availability of skilled labour and equipment, and changes in
project parameters as plans continue to be refined as well as those risk
factors discussed in Hy-Drive's Management's Discussion and Analysis for the
year ended December 31, 2009 at www.sedar.com. Although Hy-Drive has attempted
to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events or results
not to be anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Hy-Drive undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions should
change except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking information.

	    Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.






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	    /For further information: Fred M. Florence, COO & CFO, Hy-Drive
Technologies Ltd., Tel: (905) 542-3024 ext. 257, fflorence@hy-drive.com/