AVEC Chairman to Deliver One of the Keynote Speeches at the International Green Money Conference in Moura, Portugal

DUBAI, UNITED ARAB EMIRATES, Oct 05 (MARKET WIRE) --
Axial Vector Energy Corporation ("AVEC") (PINKSHEETS: AXVC) (FRANKFURT:
BAE1) announced today that AVEC has been invited and has accepted to
present one of the keynote speeches at the International Green Money
Conference on November 12-15, 2009 in Moura, Portugal.

Mr. Samuel Higgins, AVEC Chairman, will be delivering a formal address to
the worldwide delegations. The event is going to be the first summit that
will bring together the largest companies in the world that produce green
products, recycling services, and sustainable processes. Environmental
Networking Group and International Green Summit Inc., who have been
fundamental in putting together green projects along with funding around
the world, are conference organizers. The conference consists of keynote
speakers, a 10-person panel of international scientist, investors,
educational workshops, networking events and collaborative seminars. The
objective is to network investors, political leaders, and innovators of
tomorrow's technology to unify financial solutions for a greener tomorrow.

Mr. Michael Padurano, founder of the International Green Summit, stated,
"The entire world has awareness now of the importance of our environment
and lowering energy cost simultaneously while creating new clean energy
sources. AVEC is uniquely in the position of doing it all and we are
pleased to present all of these to the world in Portugal this November
12th to 15th."

FOX News recently aired AVEC on their Global News Group Program "Special
Edition TV," with Ms. Ileana Bravo interviewing representatives from AVEC
at their first United States based live demonstration of the "axial flux"
and GENSET technology power generating system.

Ms. Bravo commented, "The fact that this engine runs on bio-based oil as
fuel is significant in several ways. Palm oils that are totally renewable
fuel sources can be harvested from our earth's equatorial regions
providing needed jobs and social development. Developing countries in
these regions can now enter the world economic stage as a viable and
important player. The environmental impact of using palm oil as a fuel
source is minimal, and this fuel source is one that you can literally
drink. That is amazing." To view the video, please visit
www.axialvectorenergy.com.

The revolutionary Axial Vector Engine is AVEC's flagship technology and
will serve as the core of the company's initial market applications. This
incredibly powerful, lightweight, and highly efficient radial-design
engine is capable of producing significantly higher horsepower and torque
with considerably lower fuel requirements than is the case for
conventional engines of similar size. At the same time, the Axial Vector
Engine is less costly to manufacture and operate, and provides
significant environmental advantages over standard internal combustion
engines.

In addition to its engine technologies, AVEC has designed a revolutionary
new family of high-power "Axial Flux" coreless electric generators that
reach 98.5% efficiency in converting mechanical to electric energy. AVEC's
Axial Vector Engine is designed to be seamlessly integrated with two 100
kW Axial Flux generators in order to create a 200 kW generator set
(GENSET) that is expected to become AVEC's first commercially marketed
product.

Mr. Samuel Higgins, AVEC Chairman of the Board of Directors, stated, "We
are scheduled to introduce our new products and partners of
commercialization for our existing products at this conference and in
order to have this prestigious platform to do so."

About Axial Vector Energy Corporation

Axial Vector Energy Corporation (AVEC) is a global solutions provider that
owns, develops, invest in and licenses revolutionary technologies
including, internal combustion engine and electric power generator
technologies that have unlimited potential in military, industrial and
commercial applications. AVEC and its partners are positioned to become
unrivalled leaders in international engine and energy markets with
technologies that produce more efficient, cost effective, environmentally
sensitive and versatile solutions for use in a wide variety of important
applications around the world.

About Moura, Portugal

Moura is one of the most environmentally and sustainable regions in the
world. Portugal is the home to the largest hydroelectric dam in Europe
and the largest photovoltaic solar field in the world. Moura is a leader
in implementing ecologically minded economic infrastructure and is pleased
to highlight these technologies to countries around the world.

Forward-Looking Statements

This press release may be deemed to contain forward-looking information.
Any forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements, including statements as to industry trends,
future economic performance, anticipated profitability, anticipated
revenues and expenses, and products or service line growth, may be
significantly and materially impacted by certain risks and uncertainties,
including, but not limited to, failure to meet operating objectives or to
execute the operating plan, completion, and other economic factors.
Additional risks and uncertainties are described in the Company's public
filings with the Securities and Exchange Commission.

To be added to the Company's email distribution for future news releases,
please send your request to inquiry@axialvectorenergy.com.

Axial Vector Energy Corporation
Phone: 971 4 887 5351
inquiry@axialvectorenergy.com
or
Samuel Higgins
Chairman
info@axialvectorenergy.com
Jebel Ali Free Zone
LOB21- F07
Dubai, United Arab Emirates
www.axialvectorenergy.com

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