Attention Business Editors

Hy-Drive Announces Company Update Conference Call

	    TORONTO, Dec. 13 /CNW/ - Hy-Drive Technologies Ltd. (TSX-V: HGS) today announced the company will host a company update conference call on the morning of December 18th at 10:00 AM EST. 	    The Company invites interested parties to submit questions they would like answered on any company related business by email to Shannon Brander, Vice President of Administration and Corporate Secretary at sbrander@hy-drive.com. 	    To access the December 18th call, Investors can dial toll free 866-202-1971 and use passcode 53944397. International callers can dial 617-213-8842 and use the same passcode. 	    The call will be available for replay until January 18th, 2008 by dialing toll free 888-286-8010 or 617-801-6888. The replay will require use of passcode 80205270. 	    This call is being webcast by Thomson/CCBN and can be accessed at Hy-Drive's Web site, www.hy-drive.com. 	    The call is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at Thomson/CCBN's individual investor portal, www.fulldisclosure.com. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).  	    About Hy-Drive  	    Hy-Drive is an energy technology firm that has developed a proprietary, patented hydrogen generating system. The Hy-Drive system generates and injects hydrogen gas into a regular internal combustion engine, enhancing the combustion process by allowing fuel to burn more efficiently and completely. For further information, visit www.hy-drive.com.  	    Cautionary Note Regarding Forward-Looking Statements  	    Certain statements contained in this press release may constitute forward-looking statements. Such statements reflect Hy-Drive's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Hy-Drive's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including among other things, those which are discussed under the headings "Risk Factors" and elsewhere in documents that Hy-Drive files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Hy-Drive does not intend, and does not assume any obligation, to update these forward-looking statements.  	    The TSX Venture Exchange has in no way approved nor disapproved the 	    contents of this press release. The TSX Venture Exchange does not accept 	    responsibility for the adequacy or accuracy of this release.      -30-

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