Fluor Senior Executive Lee C. Tashjian Joins ORYXE Energy Board of Directors

Irvine , Calif. – Aug. 3, 2004 – ORYXE Energy International announced today that Lee C. Tashjian, vice president of corporate communications for multinational engineering giant Fluor Corporation, has joined the ORYXE Energy board of directors.

Tashjian, who is responsible for Fluor’s internal and external communications as well as the Fluor Foundation, was unanimously elected to the board of directors of the progressive energy company, said ORYXE Energy Chairman of the Board Walter Schindler.

“Throughout his career, Lee Tashjian has made significant contributions to several major companies, including Fluor, Atlantic Richfield and DuPont,” Schindler said. “With Lee now a member of the ORYXE Energy team, we are looking forward to benefiting from his guidance and leadership as we grow our company, our products and our customer base.”

ORYXE Energy develops and markets proprietary, organic fuel additives for diesel, gasoline, and heavy distillates to enable these fuels to burn cleaner, thus reducing toxic environmental emissions.

“ORYXE Energy is an exciting company that is dedicated to creating a safer, cleaner, more fuel-efficient world,” Tashjian said. “I am pleased to be a part of such a ground-breaking company.”

At Fluor, Tashjian serves as vice president of corporate communications and is responsible for enhancing the company's image and reputation with internal and external audiences by leading the media relations, marketing communications, employee communications and community affairs functions as well as the Fluor Foundation.

Tashjian rejoined Fluor in late 2002 after serving four years as vice president of university relations for The Ohio State University, where he was charged with, among other things, reshaping the university's image. Prior to The Ohio State University, Tashjian served as vice president of corporate relations for Fluor.

With nearly 30 years of public affairs, corporate and employee communications, investor and government relations, marketing and advertising experience, Tashjian has also served as vice president of corporate communications for both Atlantic Richfield and DuPont.

Tashjian graduated from The Ohio State University with a bachelor's degree in political science. His graduate study was in journalism, also at Ohio State.

ORYXE Energy was formed in October 2001 to develop and commercialize biologically based, biodegradable, and environmentally clean fuel additives, many for certification under current and contemplated state and federal protocols. Since entering the emissions abatement market, ORYXE Energy has conducted extensive research and filed 11 patents. ORYXE Energy sells the company’s proprietary additives directly to refineries and large consumers of fuel in order to assure immediate availability to the broadest possible market.

Recently, ORYXE Energy has made several announcements regarding the company’s growth and milestones. Michael Redemer, formerly venture executive for ChevronTexaco Technology Ventures, as well as a former manager of the California Air Resources Board, was named Executive Vice President of the company. Redemer also was named to the company’s Board of Directors.

About ORYXE Energy

ORYXE Energy International, Inc., based in Irvine, Calif., develops, certifies, and distributes bio-additives that improve fuel performance and reduce toxic emissions from the combustion of hydrocarbons, such as diesel fuel and gasoline.

Odyssey Venture Partners of Newport Beach, Calif., provided the first two rounds of venture capital funding for ORYXE Energy, totaling $5 million. Now Odyssey is leading a group of corporate and venture investors in a third round of $8.5 million. Schindler said that the company will likely not require additional capital after this round.

Forward-Looking Statements

Estimates, expectations, and business plans are forward-looking statements. Actual future results, including product introduction schedules, market receptiveness, regulatory approvals, and commercial viability, could differ materially due to changes in conditions affecting the industry, political, legal or regulatory developments, and market conditions.