Genoil Shuffles Board of Directors

Genoil announced recent changes to its Board of Directors. The Corporation has resolved to appoint Mr. Alan Heller as Director. To accommodate the appointment of Mr. Heller, Mr. John O'Donnell has resigned as a Director of the Corporation. The appointment of Mr. Heller is subject to the approval of the TSX Venture Exchange.

The directors of the Corporation wish to express their gratitude to Mr. O'Donnell for his contributions to the Board during the periods that he served as director. The new Board of Directors of the Corporation consists of Mr. David Lifschultz (Chairman and CEO), Mr. Thomas Bugg (President), Mr. David Johnson and Mr. Alan Heller.

Mr. Heller is president and founder of Heller Inc., an international furniture manufacturer with production in the United States and Europe. Mr. Heller is also real estate investor with properties throughout the New York area. Mr. Heller graduated from The New School, N.Y., with a B.A. in economics.