HOUSTON, Jan. 17 /PRNewswire-FirstCall/ -- H2Diesel Holdings, Inc. (OTC:HTWO) (BULLETIN BOARD: HTWO) today announced the appointment of Phillip J. Wallis as Chief Marketing Officer. Phillip J. Wallis, a native New Zealander, previously worked at the Chevron Corporation for 15 years, his most recent position being Team Leader of Process Documentation. Mr. Wallis held several other senior level marketing positions at Chevron including Manager, Regional Sales and Solutions for Asia Pacific and Africa, where he was responsible for developing the go to market strategy for that $160 million business. Additionally, he was Country Manager, Asphalt & Marine and Senior Commercial Business Manager, Sales, for Caltex, New Zealand Ltd. (Chevron Zealand Ltd). During his tenure Mr. Wallis oversaw a sales increase from $50 million to $200 million, a growth of 400%. Previous to his positions at Chevron, Mr. Wallis was the Marketing Manager for UDC Finance Ltd, Invercargill (New Zealand). At UDC Finance, he developed and supervised the Company's marketing plan and brand, exceeding regional financial sales targets by 200 percent each year, and devised alternative financial options for equipment purchases. "I am happy to announce that Phil Wallis will be joining the H2Diesel team," said David Gillespie, President and Chief Executive Officer of H2Diesel. "Phil brings a great depth of expertise in the commercial oil markets that will be invaluable to us as we launch our renewable biofuel in commercial segments in 2008." Mr. Wallis added, "This is a very exciting opportunity with cutting edge technology and a differentiated offer in the 'white hot' biofuels market. I am looking forward to taking the business forward and working with the experienced team at H2 Diesel." About H2Diesel Holdings, Inc. H2Diesel is a development stage company that holds an exclusive license for North America, Central America and the Caribbean to proprietary technology to manufacture an alternative biofuel from vegetable oils and animal fats that is intended to be marketed as a new class of renewable fuel or fuel additive for power generation, heavy equipment, marine use or as heating fuel. We believe our biofuel could provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels and a cleaner, more efficient alternative to heating oil. Our business model calls for establishing biofuel production facilities directly and through sublicensing of our technology to qualified licensees. This news release contains forward-looking statements. These forward- looking statements concern the Company's operations, prospects, plans, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward looking statements. The risks and uncertainties related to our business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006 and Current Report on Form 8-K filed on October 18, 2007. CONTACT: David Gillespie, President & CEO Rob Schatz H2Diesel Holdings, Inc. Alisa D. Steinberg (Media) 713-973-5720 Wolfe Axelrod Weinberger Associates, LLC 212-370-4500 DATASOURCE: H2Diesel Holdings, Inc. CONTACT: David Gillespie, President & CEO of H2Diesel Holdings, Inc., +1-713-973-5720; or Rob Schatz, , or media, Alisa D. Steinberg, , both of Wolfe Axelrod Weinberger Associates, LLC for H2Diesel Holdings, Inc., +1-212-370-4500

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