ORYXE Energy and Sun Coast Resources Announce Partnership

Texas Commission on Environmental Quality Approves Alternative Plans After Unanimously Adopting Revisions to the Texas Low Emission Diesel Rule

Irvine, Calif. – March 21, 2005 – ORYXE Energy International and Sun Coast Resources announced today that they are committed to working together to supply Texas non-attainment areas with the state approved ORYXE LED alternative solution for Low Emission Diesel.

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

Sun Coast Resources is one of the largest wholesale fuels and lubricants distributors in Texas, with sales revenue topping $700 million in 2004. The company services thousands of commercial accounts with a fleet of over 100 vehicles, yielding diesel sales in excess of 200 million gallons a year in the state of Texas alone.

“Sun Coast Resources has a proud tradition of superlative service to thousands of commercial, marine, government and retail businesses throughout Texas over the past 20 years,” said Steven Boyd, managing director, business development of Sun Coast Resources. “We strongly support the ingenuity and foresight ORYXE Energy has in its leadership position of making available unique fuel additive technologies to meet the October 1, 2005 Low Emission Diesel standards in the state of Texas.”

ORYXE Energy’s ORYXE LED product is the first and only splash-blended diesel additive to be approved by the Texas Commission on Environmental Quality (TCEQ) for use in alternative plans to meet Texas Low Emission Diesel requirements.

Recently, the TCEQ unanimously adopted revisions to the Texas Low Emission Diesel Rule which requires on-road and off-road diesel sold in the state of Texas to meet strict environmental guidelines for emissions reductions beginning October 1, 2005. Among the new revisions, the TCEQ addressed the methods and models to determine compliance with the standards using alternative formulations, as well as the enforcement issues associated with alternative plans. Following the adoption of these revisions, the TCEQ approved alternative plans previously submitted by fuel producers. Sun Coast Resources’ plan was among those approved naming ORYXE LED as a method of compliance.

“We are very excited to have the opportunity to work with such a highly accomplished organization as Sun Coast Resources in supplying the affected Texas markets,” said Walter Schindler, chairman and chief executive officer of ORYXE Energy International. “The TCEQ’s recent approval of alternative plans containing ORYXE LED is a great win for both our organization and members of the industry, who will have the flexibility to reduce environmental pollution cost-effectively and within the framework of existing oil industry infrastructure.”

ORYXE LED’s approval by the TCEQ followed a rigorous engine testing protocol performed at the West Virginia University National Research Center for Alternative Fuels, Engines, and Emissions Laboratory, recognized by the Environmental Protection Agency and certified by the California Air Resources Board.

The tests were conducted under strict federal testing guidelines and procedures. The tests showed that ORYXE LED demonstrated a greater than 5.7 percent reduction in Oxides of Nitrogen (NOx), greater than 20 percent reduction in Total Hydrocarbons (THC), the main contributors to smog formation, and approximately 10 percent reduction in Carbon Monoxide (CO), a poisonous gas, all major concerns for Texas air quality stewards. Widespread use of ORYXE LED in diesel fuel would result in reducing up to 6,000 tons of NOx annually.
 

About ORYXE Energy

ORYXE Energy International, Inc., (www.oryxe-energy.com) based in Irvine, Calif., develops, certifies and distributes proprietary additives that improve fuel performance and reduce toxic emissions from the combustion of hydrocarbons, such as diesel fuel and gasoline. The company holds one U.S. patent and 11 filed patent applications in prosecution. ORYXE Energy was named a Top 100 Innovator by Red Herring magazine in late-2004. Odyssey Venture Partners (www.odysseyventure.com) of Newport Beach, Calif., is the lead venture capital investor in ORYXE Energy.

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.