1. DynaMotive Energy Systems November 2002 Green Fuels to the World

2. Industry Partners

3. Agreements concluded with:  IRAP  CIITT  TPC  NRCAN / CANMET  Ethanol BC  BC Ministry of Industry & Employment Government Partners

4.  NASDAQ, OTC.BB, quoted company (symbol DYMTF)  World leading developer of technology used to convert Biomass into environmentally “friendly” energy (e.g. BioOil)  BioOil is greenhouse gas neutral, it does not produce sulfur oxide (SOx) emissions and produces approximately half the nitrogen oxide (NOx) of comparable fossil fuels  BioOil compatible with established technologies, replaces fossil fuels in gas turbines, boilers, and burners  Technology (BioTherm TM ) proven and demonstrated to be reliable, replicable, commercially scaleable and supported by patents  Development partners in place to commercialize BioTherm – contracts in place Overview

5. MARKET DRIVERS BioMass Waste 2 billion tons residue pa 2.4 billion BOE Cost of Disposal & Opportunity Cost Energy Cost Primary – volatility Cost of Delivery Environmental Kyoto Energy Security Deregulation National and International Incentives Distributed Generation Market Drivers

6. Biomass to BioOil Opportunity/Problem/Solution Biomass Advantages  Globally abundant Low value resource  Accessible Above ground reserves  Renewable Green House Gas Neutral Biomass Disadvantages  Low energy densityInefficient to store and transport  Low energy efficiency Boilers/steam turbines Solution - Convert biomass to liquid BioOil  Increase energy density Storable/transportable  Increase energy efficiency Gas turbines/diesel engines  Compatible Existing fuel infrastructure  UtilizationDecoupled from production

7. BioTherm Process

8.  CO 2 / GHG neutral  No SO x emissions  Low NO x emissions  Zero waste process Competitive Advantages

9.  Accessible and abundant renewable reserves  Eliminate tipping costs  Local production from biomass residue/waste  Reliable technology, not weather dependant Competitive Advantages

10. Value Chain Waste Free BioOil Production Renewable Fuels  Methanol  Diesel  Gasoline/Ethanol Green Chemicals  Resins/Fertilizers  Ammonia  Oxo-alcohols Green Fuel and Chemical Markets Non-Depleting Biomass Waste Green Energy  Diesels  Gas Turbines  Boilers Storable Transportable Clean Fuel

11. Projects Green Fuels to the World

12. Commercialization Timelines PHASE 2 2 TPD Prototype 1998/00 COMPLETED PHASE 2 2 TPD Prototype 1998/00 COMPLETED PHASES 1 Proof Of Concept (Bench) 1994/97 COMPLETED PHASES 1 Proof Of Concept (Bench) 1994/97 COMPLETED PHASE 3 10 TPD Pilot Plant 2000/01 COMPLETED PHASE 3 10 TPD Pilot Plant 2000/01 COMPLETED PHASE 4 100 TPD Demonstr’n 2002/03 DESIGN PHASE 4 100 TPD Demonstr’n 2002/03 DESIGN PHASE 5 400TPD 1 st Commerc’l 2003/04 PLANNING PHASE 5 400TPD 1 st Commerc’l 2003/04 PLANNING 1994/9720002003200420012002

13. Production Model Biomass BioTherm Process GHG Reductions Char BioOil Electricity Steam Briquettes CO 2 Credits

14.  Demonstrate scaled-up BioTherm technology  Demonstrate BioOil fired turbine  Integrate pyrolysis / power generation  Enter green power market 100 TPD Project Objectives

15.  White-wood (no bark) feedstock  2.5 MW BioOil-fired turbine  Simple Cycle with cogeneration  Steam sold to feedstock producer Technical

16. Orenda GT2500 BioOil Fuelled Turbine

17. Total Hydrocarbons (Emissions vs Engine Power) Green Power Generation

18. SO 2 (Emissions vs Engine Power) Green Power Generation

19. % Particulates vs Engine Power Green Power Generation

20. 100 TPD Operating Objectives  First commercial scale demonstration project  Output of 75,000 BOE/yr energy equivalent (~225 BOE/day)  IRR 10%+ (leveraging government assistance)

21.  First full-scale commercial project  Output of 303,000 BOE/yr energy equivalent (~900 BOE/day)  Potential to power a 20 MW combined cycle generating station 400TPD Project

22. 400 TPD Project Economics  Capital cost less than $ 20 million  IRR 15%+ (without government assistance)  Variable production cost less than US$ 10 per BOE

23. Moving Forward  Level Playing Field (Policies,Taxes, Legislation)  Market Validation Programs  Industry Association  R&D Funding  “Gap” Funding

24. Green Fuels to the World Thank You