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 it will feature its Portable Balloon Inflation System (PBIS)-2000 at the 92nd annual American Meteorological Society (AMS) Meeting in New Orleans, January 23-26, 2012.

The annual AMS Meeting is the largest and most important weather-related conference in the U.S. It brings together all of the key players in the meteorological field, including systems integrators, instrumentation and sensor manufacturers, environmental engineering firms, weather information research and analysis organizations, government users, and commercial customers. There are over 100 exhibitors, and attendance is expected to match last year's event, with more than 3,600 attendees from around the world.

The PBIS-2000, now in final development for a 1Q 2012 delivery to the US Air Force Special Operations Command (AFSOC), generates sufficient hydrogen to inflate and launch a 200g weather balloon with a 1400g payload package in 20 minutes. This new system represents the latest lift gas technology developed by API, including operations at ambient pressure and low temperatures. API's first commercial PBIS product, the PBIS-1000, was developed for a military user, and uses two AlumiFuel cartridges to generate 1,000 liters of hydrogen lift gas to launch a 100g weather balloon.

The PBIS-2000 configuration advances the PBIS-1000 technology, with the same unique integration of mechanical, chemical, fluid, gas, and air design leak-proof components -- including coded stainless steel pressure vessels -- all housed in a ruggedized polypropylene case. It has the capability to use up to six AlumiFuel cartridges depending on the user's launch time requirements and balloon size. Based on increasing expressions of interest by government customers and Defense Systems Integrators, API will showcase the PBIS-2000 at the AMS Meeting through marketing handouts and visual aids, including the CAD drawings now being used to fabricate the unit which will be delivered to AFSOC. In this light, API has decided not to physically transport the PBIS-1000 unit to the AMS show, as originally announced. At the exhibit, API will have marketing literature and specifications on all PBIS systems (the PBIS-2000, PBIS-1000, and PBIS-30 for pilot balloons), and will be taking orders from new customers.

The meteorological systems group of the largest U.S. defense contractor has stated that the API PBIS systems are ideal for mobile and remote lift gas operations as compared to other field hydrogen generation systems; they have invited API to attend their suite exhibit at the AMS Meeting, and have expressed interest in a potential mentor/protégé relationship.

The current weather balloon lift gas market is pegged at $200 million per year, and encompasses military as well as civil government meteorological users worldwide. Traditionally, helium has been used as the primary lift gas for weather balloons, but with the increasing scarcity and cost of helium, users are rapidly switching to hydrogen and API's PBIS family is far more mobile, safe, and cost effective than other on-site hydrogen generation systems. Based on customer feedback, API believes the PBIS family can become field standard and lift gas product of choice for NATO military users and meteorological customers worldwide. After purchasing any unit of the PBIS family, typical customers continue to purchase replacement cartridges to launch up to 700 balloons per unit each year (up to 4,200 cartridges).

API's Director of Engineering, Mr. Sean McIntosh, said, "We are now pleased to be able to showcase the final development configuration of the PBIS-2000 at the annual AMS Meeting."

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, Inc. Thomas B. Olson Corporate Secretary 303-796-8940 Technical Information & Marketing: API Laboratories 484-466-2427 Email Contact

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