General Fusion Recognized for Excellence in Environmental Technology

VANCOUVER, BRITISH COLUMBIA, Mar 30 (MARKET WIRE) --
Vancouver-based General Fusion Inc. was recognized by H.S.H. Prince
Albert II of Monaco with an award for Excellence in the Field of
Environmental Technology Research at the CleanEquity conference on
emerging environmental technologies in Monaco last week.

"We are extremely pleased to receive this recognition from a discerning
international audience," said Doug Richardson, CEO of General Fusion.
"Fusion has sometimes been dismissed as an unattainable Holy Grail of
energy, so it's great to have our core technology and development plan
validated by industry experts - people who see that we have the potential
to make clean, affordable fusion power a reality."

The second annual, invitation-only event, CleanEquity Monaco, included
just 37 next-generation clean technology leaders from around the world,
presenting to more than 300 delegates from the international corporate
business, political, industry and media communities.

The conference culminated with the CleanEquity awards ceremony, presided
over by the H.S.H. Prince Albert II of Monaco, whose own foundation
supports the implementation of innovative and ethical solutions to
climate change, as well as biodiversity and water issues.

The award was presented to Mike Sherman, Managing Director with Chrysalix
Energy Venture Capital, the leading venture capital investor in General
Fusion. Vancouver-based Chrysalix is a world leading Venture Capital Fund
focusing exclusively on investing in early stage clean energy technology
companies and one of the top 5 most active VCs in cleantech worldwide.
The company is also supported by fellow Canadian VC investors GrowthWorks
and the Business Development Bank of Canada.

General Fusion is working on a new, patent-pending concept based on a
recent development in fusion research called Magnetized Target Fusion
(MTF). General Fusion's MTF technology is an innovative re-engineering of
previous hot fusion reactor concepts built on the foundation of 50 years
of fusion R&D. General Fusion's goal is to demonstrate this new clean,
safe and economical concept by 2013.

Fusion is the process that powers the sun. On earth, hydrogen isotopes,
found in abundance in seawater, are heated to extremely high temperatures
allowing them to contact and fuse to form helium releasing vast amounts
of energy. The fuel and the by-product of the reaction are safe for the
environment and the process emits no greenhouse gases.

"The global climate change challenge is too great to avoid pursuing all
plausible avenues for the development of long-term economic, modular,
scalable, clean energy sources," said Richardson. "Technology innovation
in fusion has the potential to provide virtually limitless energy - to
revolutionize energy production on earth."

General Fusion's approach has won positive reviews from leading
engineering and nuclear experts, including Los Alamos National
Laboratory, and the Boeing Company. All have concluded that General
Fusion shows great potential for realizing viable, affordable fusion
energy.

General Fusion is led by a team of accomplished technology veterans.
President, Dr. Michel Laberge, and CEO, Doug Richardson are engineering
physicists with successful track records in developing innovative laser
imaging technology for CREO Products, a Vancouver based developer of
prepress imaging now owned by Kodak. The company chair is veteran
alternative energy financier Mike Brown, founder of Chrysalix Energy
Venture Capital.

Contacts:
General Fusion Inc.
Nancy McHarg
Media Contact
(604) 760-4366
Email: nmcharg@hoggan.com

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