HOUSTON, Sept. 8 /PRNewswire-FirstCall/ -- The Board of Directors of Nova Energy Holding, Inc. (OTC:NVAO) (BULLETIN BOARD: NVAO) announced today that it has unanimously appointed Jody Powers as Chief Operating Officer. Mr. Powers is a member of Nova Energy's Board of Directors and currently serves as the Chairman of the Nominating and Corporate Governance Committee which he will relinquish to comply with the Company's independent director policy. Mr. Powers will report to Chairman and Chief Executive Officer Kenneth Hern. J.D. McGraw, who previously filled a dual role of President and COO, will continue to serve as President of the Company. "This expansion of our executive team allows Nova to address our rapidly growing business as we continue to execute our business plan," said Mr. Hern. "Jody Powers brings a wealth of experience in construction and operations. We welcome his expertise in general, and specifically value his commercial overview. As Nova executes its plan to add more than 200 million gallons per year of biodiesel production, we will continue to develop our management team to ensure timely construction within budget as well as efficient and safe operation of these facilities." Mr. Powers worked for Halliburton Energy Services for nearly 35 years serving in operations, business development and manufacturing managerial positions both in the U.S. and abroad. In 1988, he was promoted to international vice president. In 1990, he assumed the position of senior vice president of operations and marketing. From 2000 until 2002, he served as President, Halliburton Energy Services. "I am looking forward to the expansion of my role with Nova Energy and will not take the Board's confidence lightly," said Mr. Powers. "I am excited about the quality and enthusiasm of our dedicated employees who are currently building three (3) plants in Iowa, Wisconsin and Mississippi with a fourth commencing in Illinois next month. At Nova, we all understand the importance of providing high quality clean alternative fuels economically to the American Public. It is becoming increasingly clear that alternative fuels will play a significant role in meeting federal environmental mandates and reducing our dependence on foreign oil, having a major impact on our economy and environment for years to come. Nova is uniquely positioned to lead this transition." About Nova Energy Holding, Inc. Nova Energy Holding, Inc. is currently the trade name for Nova Oil, Inc. and the company intends to change its name in the near future. Nova is an energy company in the business of synthesizing and distributing renewable fuel products and related co-products. Nova's initial focus will be to construct and operate two to four biodiesel refineries with production capacity of between 120 to 240 million gallons of biodiesel fuel on an annual basis. Nova's business strategy for the next three years includes the construction of up to seven biodiesel refineries, each with production capacities ranging from 20 to 60 million gallons per year. All of Nova's refineries will use its proprietary, patented process technology, which enables the use of a broader range of lower cost feed stocks. More information on Nova Energy can be found at http://www.novaenergyholding.com/ . Forward Looking Statements This news release contains forward-looking statements, including statements regarding Nova's plans, goals, strategies, intent, beliefs or current expectations. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Readers are urged to carefully review and consider the various risk factors disclosed by Nova in its reports filed with the Securities and Exchange Commission, including Nova's Current Report on Form 8-K filed on April 3, 2006 and its Quarterly Report on Form 10-Q for the quarter ended April 30, 2006, as amended, which describes the risks and factors that may affect Nova's business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, Nova's actual results may vary materially from those expected or projected in this release or in Nova's other filings. DATASOURCE: Nova Energy Holding, Inc. CONTACT: J.D. McGraw, President of Nova Energy Holding, Inc., +1-713-869-6682; or Matt Kreps of Halliburton Investor Relations, +1-972-458-8000, for Nova Energy Holding, Inc. Web site: http://www.novaenergyholding.com/

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