Electrofuel Inc.

  • Toronto, Ontario –
  • November 10, 2001
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Electrofuel Inc. (TSE: EFL) announced today thatUpkar Arora, the Corporation’s chief financial officer, has left Electrofuel to pursue otheropportunities. Sankar Das Gupta, the Chief Executive Officer and President of the Corporation,stated that Electrofuel is engaged in a search for both an interim and a permanent chief financialofficer, and that the Corporation hopes to fill such position, initially on an interim basis and lateron a permanent basis, as soon as possible.

About Electrofuel

Electrofuel Inc. is engaged in the development, commercialization, manufacturing and sale ofproducts using its proprietary lithium ion SuperPolymer rechargeable battery technology.Electrofuel’s goal is to become the leading provider of portable power for the notebook computerand wireless sectors, and to apply its technology to a broad spectrum of alternative energyapplications over the long term

Electrofuel is a public company trading on the Toronto Stock Exchange under the symbol EFL.

For more information about Electrofuel and its products, please visit our website at www.electrofuel.com.

Electrofuel Inc Sankar Das Gupta

(416) 535-1114 ext. sdasgupta@electrofuel.com

iContact Communications Michael Van Dusen
229(416) 926-2491 michael.vandusen@icontact.ca