AFPW AlumiFuel Power Corporation (CE)

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 its unique technology was featured in a presentation to the premier annual U.S. fuel cell conference last week.

On November 2, API's power plant partner and systems integrator, Ingenium Technologies of Rockford, Illinois, presented the current state of development of their Integrated Hybrid Fuel Cell Power System for UUV applications at the annual Fuel Cell Seminar and Exposition in Orlando, Florida. The centerpiece of the presentation was API's dual fuel source technology which combines hydrogen generation along with heat generation -- with both sources providing unmatched energy density feeding fuel cells and turbines to power UUVs. The event was well attended, with a strong Department of Defense, NASA, and Department of Energy presence. In the presentation, Ingenium also mentioned API's Portable Balloon Inflation System (PBIS) technology and products, which provide the engineering baseline for all of API's hydrogen and thermal fuel source applications. Ingenium and API are continuing to pursue US Navy UUV program opportunities.

Ingenium's Director of Programs, Mr. Mike Schneider, who made the presentation, said, "The presentation was well received and generated a number of questions as well as significant interest. We are very bullish on the capabilities of our hybrid power system, which has been specially designed for UUV applications."

API's President & CEO, Mr. David Cade, said, "The Ingenium Hybrid Power System, featuring API's dual fuel source technology, would give UUVs a significant new capability in terms of mission range and duration as compared to current UUV power sources."

About Ingenium Technologies, Inc. Ingenium Technologies (www.ingeniumtech.com) provides world-class, cost-effective product development services and operations consulting services to a diverse client base. Ingenium's engineering staff of over 100 full-time seasoned professionals comes from a vast array of technical disciplines, with broad experience. Ingenium provides turnkey solutions for complex systems, from concept development to design, analysis, prototyping, and certification for both military and commercial customers. Ingenium's clients range in size from small businesses to Fortune 500 companies.

About AlumiFuel Power, Inc. API (www.alumifuelpowerinc.com), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation, is an early production stage alternative energy company that generates hydrogen gas and steam/heat through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. API's hydrogen feeds fuel cells for portable and back-up power; fills inflatable devices such as weather balloons; can replace costly, hard-to-handle and high pressure K-Cylinders; and provides fuel for flameless heater applications. Its hydrogen/heat output is also being designed and developed to drive fuel cell-based and turbine-based undersea 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.

About AlumiFuel Power Corporation AlumiFuel Power Corporation operates through its wholly owned operating subsidiary, AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and heat for multiple applications requiring on-site, on-demand fuel sources.

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.

CONTACTS: Investor Relations: AlumiFuel Power Corporation Thomas B. Olson Corporate Secretary 303-796-8940 Technical Information & Marketing: API Laboratories 3711 Market Street, Suite 950 Philadelphia, PA 19104 215-921-9203 Email Contact