Hy-Drive Annual General & Special Meeting of Shareholders

Hy-Drive Technologies Ltd. (HGS-V)

MISSISSAUGA, ON, June 3 /CNW/ - Hy-Drive Technologies Ltd. Annual General & Special Meeting of Shareholders is being held on Tuesday, June 8, 2010 at 2:00 pm (EDT time) at Hy-Drive's offices, located at 6705 Millcreek Drive, Unit 4, Mississauga, Ontario, and will be available via conference call or webcast as follows:

North American Investors can access the meeting via conference call by dialing 647-427-7450 or toll free 888-231-8191 and request the Hy-Drive AGM call. Alternately, the call is also being webcast by CNW Group and can be accessed at Hy-Drive's website, www.hy-drive.com or directly at:

http://w.on24.com/r.htm?e=204657&s=1&k=01789FF47FFFB80C9AE292D764896D75

Audio replay will be available until June 22, 2010 by dialing 416-849-0833 or toll free 800-642-1687 and then entering the pass code 68043065.

The Company invites investors to submit questions they would like answered on any company related business by email to [email protected] by 5:00 pm on June 7, 2010.

About Hy-Drive

Hy-Drive is a technology firm that has developed a proprietary, patented hydrogen generating system. Hy-Drive's Hydrogen Generating System ("HGS(TM)") generates and injects hydrogen gas into a regular internal combustion engine, enhancing the combustion process by allowing fuel to burn more efficiently and completely. For more information, please visit www.hy-drive.com.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

%SEDAR: 00016984E

For further information: Fred M. Florence, COO & CFO, Hy-Drive Technologies Ltd., Tel: [phone] ext. 257, [email protected]