Westrange Corp. is exercising its option to acquire all the issued and outstanding shares of HTC Hydrogen Thermochem Corp., as a wholly owned subsidiary of the corporation. The acquisition is contingent on final regulatory approval of a change of business to a TSX Venture Exchange research and development issuer.

Shareholders approved a change of name to HTC Hydrogen Technologies Corp. at a special meeting of shareholders on Nov. 20, 2003. The Toronto Stock Exchange has reserved the new stock symbol for the corporation as HTC, for listing on the TSX-V, following final approval of the regulator.

Westrange believes HTC will play a lead role in hydrogen production for the new hydrogen economy by building on the intellectual property being developed jointly between HTC and the University of Regina.

Jeff Allison, president of Hydrogen Thermochem Corp., says, "This agreement will provide HTC with access to public company capital markets and expertise that will accelerate its research and development and commercialization of new efficient hydrogen production technologies."

Mr. Allison added, "With the announcement of the HTC Hydrogen Thermochem Hydrogen Industrial Research chair on June 21, 2004, HTC will be well positioned to accelerate its research, development and commercialization of new, efficient hydrogen production technologies."

Westrange Corp. believes there is a need for alternative energy solutions to meet the world's future requirements as the world shifts from a hydrocarbon-based economy to one that will be supplemented by alternative energy sources.

In response to this opportunity, Westrange Corp. will make investments in specialized alternative energy technologies to enable its participation in the high-growth new energy market.

Visit the HTC website at www.hydrogenthermochem.com.