September 28, 2007 - Syntec Biofuel Inc. - trading on the OTC.B.B. symbol (SYBF) today announced that the Company has today appointed Dr George Kosanovich as the new CEO of the Company to direct the company in its future growth. Mr Michael Jackson has stepped down as CEO and will act as president and V.P. Business development.

For the past six years Dr Kosanovich has been working as a consultant to Canadian forestry companies with a special emphasis on developing biomass to biofuels technology and business development. He was the President and CEO of three different entities including two publicly traded companies (TSE). In these assignments, he led each of the companies to significant growth and improved earnings. Before that Dr. Kosanovich spent 23 years with OxyChem in increasingly responsible positions much of which dealt with creating and growing ventures. He holds a Ph.D. in chemical engineering from SUNY/Buffalo and attended the PMD program at the Harvard Business School.