HOUSTON, May 7 /PRNewswire-FirstCall/ -- H2Diesel Holdings, Inc. (OTC:HTWO) (BULLETIN BOARD: HTWO) today announced the appointment of Connie Lausten as Vice President of Regulatory and Legislative Affairs. Ms. Lausten will be responsible for working with senior management to formulate and implement corporate regulatory and legislative affairs policies and procedures and leading interactions with regulatory bodies, governmental agencies, and trade groups. She will help identify grant and public/private partnership opportunities and work to advance H2Diesel's strategic objectives. Prior to joining the Company, Ms. Lausten served as Manager of Federal Affairs for four years for National Grid USA, one of the world's largest utilities. She was the lead Washington representative for lobbying Congress and the Administration on behalf of National Grid and its affiliate companies and monitored priority issues including electric transmission, distribution, international tax, pension, and labor policies. Ms. Lausten has served at the Federal Energy Regulatory Commission and in Congress on the Subcommittee for Energy Policy, Natural Resources & Regulatory Affairs where she was instrumental in designing western United States energy legislation which was subsequently implemented by the Federal Energy Regulatory Commission. She is a recipient of the American Society of Mechanical Engineer Congressional Fellowship and served as Resources Legislative Assistant for Representative Cal Dooley of California, a ranking member of the Resources Subcommittee on Water and Power. Ms. Lausten's extensive engineering background includes serving as a Senior Engineer for Bechtel Power, Inc., one of the world's premier engineering, construction and project management companies with annual revenues of over $20 billion and 40,000 employees, where she engineered and managed activities on renewable energy commercialization and project development, including large-scale wind and modular biopower systems for EnergyWorks LLC, a Bechtel affiliate, with project development activities in India, Indonesia and Nepal. Ms. Lausten also spent three years as an engineer with Alternative Energy Development, Inc., a Maryland-based consulting and project development firm as a renewable energy specialist assigned to the World Bank's Asia Alternative Energy Unit where she provided engineering and economic expertise. Ms. Lausten began her career as a Consulting Engineer for the Center for Energy and the Environment in Minneapolis. She is a Licensed Professional Engineer and received a Master of Science and a Bachelor of Science degree in Mechanical Engineering from the University of Minnesota. David Gillespie, President and Chief Executive Officer of H2Diesel said, "We are delighted to have someone with Connie Lausten's unique combination of extensive regulatory and international engineering experience as a member of the H2Diesel management team. She will play a vital role in helping H2Diesel to successfully execute its strategic plan to capitalize on its technology and establish initial production capability and distribution channels for our proprietary bio-fuel." "I'm delighted to be a part of the H2Diesel management team at a time when the Company is poised for future growth. I look forward to working with management as H2Diesel continues make inroads toward establishing a leadership position in the expanding bio-fuel industry," commented Ms. Lausten. 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 for the manufacture of an alternative "bio-fuel" from domestically produced vegetable oils and animal fats that is intended to be marketed as a new class of bio-fuel or fuel additive for power generation, heavy equipment, marine use and as a heating fuel. The Company further believes its proprietary bio-fuel will provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels and a cleaner and more efficient alternative to heating oil. H2Diesel's business model calls for the establishment of bio-fuel production facilities directly and through sublicensing of its technology to qualified licensees. Forward Looking Statements This news release contains forward-looking statements. These forward- looking statements concern the operations, prospects, plans, economic performance and financial condition of H2Diesel Holdings, Inc. (the "Company") 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 the Company's 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. In particular, the ability of the Company to complete its initial production facility will be subject to uncertainties regarding, among others, obtaining necessary financing for the construction and complexities related to the Company's bio-fuel which has not yet been produced on a commercial scale. CONTACT: David Gillespie, President & CEO Carl Hymans H2Diesel Holdings, Inc. G. S. Schwartz & Co. H2Diesel, Inc. 212-725-4500 ext. 304 713-973-5720 DATASOURCE: H2Diesel Holdings, Inc. CONTACT: David Gillespie, President & CEO of H2Diesel Holdings, Inc., +1-713-973-5720; or Carl Hymans of G. S. Schwartz & Co., +1-212-725-4500, Ext. 304, H2Diesel, Inc., , for H2Diesel Holdings, Inc.

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