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PRESS RELEASE

Mesa, AZ, March 1, 2006 — Centripetal Dynamics secures technology agreement for Rio Turbio Project in Argentina

Ken Hicks, Centripetal President and CEO, announced today that the company is working with local Argentine engineering professionals associated with the Rio Turbio projects, so as to provide engineering support as well as product development related to alternative energy system use.

The Company is working in conjunction with Mr. Shaun McMahon who is the lead engineer for the Rio Turbio Rail project. The company is supporting Mr. McMahon from the aspect of evaluating the rational use of energy projects in southern Patagonia- Rio Turbio (and surrounding area), in conjunction with Ranotor of Sweden (http://www.ranotor.se/). The organizations are evaluating the potential prospects of using a variety of alternative energy technologies that could further enhance the Rio Turbio Railway and Mining projects along with road vehicle and marine applications.

The Rio Turbio Railway, which currently runs from the Atlantic coastal city (capital of Santa Cruz province which was formerly governed by the nowadays National President of Argentina, Dr. Nestor Kirchner) at Rio Gallegos to the mining town of Rio Turbio on the Argentine/Chilean border. It is planned to extend the line further west into the neighboring country of Chile so as to terminate at the Pacific Ocean (fiord coast) in Puerto Natales thus transforming the present coal carrying railway into a bi-oceanic and Trans-Patagonic transport corridor in order to provide flexibility for import/exports on both the Atlantic and Pacific coasts. Likewise, it is planned to use the line in order to transport general cargo, commercial passenger and tourist passenger traffic as well as the existing coal traffic.

These technologies range from advanced steam engine systems, biomass applications, waste heat recovery, to state of the art wind turbine energy. The companies are evaluating the possibility of energy conversions such as a converting steam/electric and/or other steam propulsion drive systems by using local coal resources as a base fuel instead, to developing wind parks that could reduce the operating costs for local mines as well as local residents and commercial applications.

As Mr. Hicks states, “We are very pleased to be involved with the Rio Turbio Railway project and any support we can provide to help complete the project and reduce the bottom lines costs, while also promoting the use of clean energy technologies, which are our main objectives. It is our full intention to support Mr. McMahon on the Rio Turbio Railway project, such that we can provide engineering analysis, financial consulting and or product development, which could contribute to the success of the project.”

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