Patriot Energy Concludes $255 Million Agreement With Toshent Overseas

MONTREAL, QUEBEC, Apr 29 (MARKET WIRE) --
Patriot Energy Corporation (PINKSHEETS: PGYC) announced today that it has
concluded a distribution agreement with Toshent Overseas valued at $255
million USD, further to the previously announced letter of intent and
memorandum of understanding.

According to the Distribution agreement and initial purchase order,
Toshent Overseas will purchase and distribute the H2O device in the
Russian marketplace and Eurasia on a non-exclusive but preferential
basis. Toshent will purchase 12,500 units per month minimum (150,000 per
year) for a period of 5 years, representing unit sales of $187.5 million
and 67.5 million in recurring revenues.

The consolidated distribution agreement and purchase orders on hand
represent over $340 million in revenue for the company over the next
5-years.

The company is planning to provide a letter to shareholders tomorrow to
outline the steps taken or to be taken to conclude the sale of the
company as well as answer common questions and inquiries. The letter will
be sent by email to shareholders that have registered on the company's
website and it will also be available for download on the website.

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.

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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