Interview with Genoil CEO, David Lifschultz, Broadcast on Wall Street Reporter

Genoil (TSX VENTURE: GNO) (OTCBB: GNOLF)

Chairman and Chief Executive Officer, Mr. David Lifschultz, was recently interviewed on Wall Street Reporter. The interview can be accessed under the following weblink:

http://www.wallstreetreporter.com/

To access the interview, please click on our company name link located underneath TODAY'S INTERVIEWS, on the bottom right hand side of the page or click on the current link below.

http://www.wallstreetreporter.com/2011/09/genoil-inc-tsxvgno-otcbbgnolf-ceo-david-lifshultz/

In this interview, Mr. Lifschultz discusses Genoil's current commercial projects and plans for both the Genoil Hydroconversion Upgrading technology and the Crystal Sea oil water separation technology, including opportunities that are opened up by the recent US Coast Guard approval of additional units.

Genoil is a technology development company providing solutions to the oil and gas industry through the use of proprietary technologies. The Genoil Hydroconversion Upgrader can economically convert heavy crude oil into more valuable light synthetic crude, high in yields of transport fuels, while significantly reducing the sulphur, nitrogen and other contaminants in the oil, and the Genoil Crystal Sea is a green clean technology that separates oil from water. Genoil's shares are listed on the TSX Venture Exchange under the symbol GNO, as well as on the OTC Bulletin Board under GNOLF.OB.

Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential risk factors that could affect the company's financial results can be found in the company's Reports filed with the Securities and Exchange Commission.

ADVISORY: Certain information regarding the company, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks associated with oil and gas exploration, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers and ability to access sufficient capital from internal and external sources; as a consequence, actual results may differ materially from those anticipated. The company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those contemplated by the forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contacts: Genoil Inc. David Lifschultz (914) 393-5800 DKLifschultz@genoil.net

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