Patriot Energy Confirms Receipt of an All Cash Purchase Offer

MONTREAL, QUEBEC, Mar 30 (MARKET WIRE) --
Patriot Energy Corporation (PINKSHEETS: PGYC) today confirmed that the
board of directors has received a formal purchase offer from a Fortune
500 Corporation.

According to the company, the initial offer, which was structured as an
all cash transaction, was short of the discounted cash valuation of the
carbon credit trading revenue, which is estimated at $113,715,000 or
approximately $0.57 per share. The company is continuing its negotiation
and believes that an all cash purchase offer could be concluded shortly
and is expected to be somewhere between the initial offer of $65,000,000
or 0.33 per share and the net discounted cash value of $113,715,000 or
$0.57 per share. However, it should be noted that upon receipt of a new
offer, several milestones will need to be met including a legal and
technical due-diligence, and a shareholders meeting to seek acceptance of
the offer. Management is very confident that the due-diligence both the
legal and technical will be concluded without any issues. The Fortune 500
Company has requested that its name be kept confidential until such time
as the offer is accepted by the board of directors and presented to
shareholders for approval.

"We had been in discussions for sometime, but this sudden formal all cash
offer did catch us a little by surprise" said Tony Bisante, President of
Patriot Energy Corp. "We have a strong product, a sound business model
and the green shift has forced the hands of many multi-nationals to
action. Carbon credits and the reduction of America's dependence on
foreign oil are strong advantages in the present and the future economy"
further added Mr. Bisante.

About Patriot Energy Corporation

Patriot Energy Corp. is a management holding corporation, which owns a
wholly owned subsidiary named TelTeck Solutions and owns a 99 year
exclusive leased license agreement with Tectane Technologies Corporation
for the Dual H2O Engine Oxygenator and New Tri-Brid Engine
(Electric/Flex-Fuels/H2O) Technologies. Patriot Energy specializes in the
development and marketing of energy efficient technologies with a focus
on reducing America's dependence on Foreign Oil.

Total Shares Outstanding (fully diluted): 199,500,000

www.patriotenergycorporation.com

All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our
current expectations about our future results. Forward-looking statements
involve numerous risks and uncertainties. We have attempted to identify
any forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected
in all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal
growth as well as strategic acquisitions; our ability to attract and
retain key employees and strategic partners; our ability to achieve and
maintain profitability; fluctuations in the trading price and volume of
our stock; competition from other providers of similar products and
services; and other unanticipated future events and conditions.

Contacts:
Momentum IR
Max Gagne
514-913-0351
877-253-7001

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