Press Release: Joint Venture of Hines Aircraft and Keshan Global

ADMINISTRATIVE OFFICE

120 Eglinton Avenue East, Suite 500 Tel: + 416-481-9333
Toronto, Ontario, Canada M4P 1E2 Fax: + 416-322-3129
Web Site: www.hinesaircraft.com

Joint Declaration of:

Hines Aircraft Ltd. (Hines)
A British Virgin Islands Corporation (BVI)

And

Keshan Global, (Ltd) (Keshan)
of BIHAR, INDIA

After careful review and considerable discussion Hines Aircraft and Keshan Global have concluded they should enter into a joint venture arrangement. The purpose is to complete the design and development of the Hines Aircraft propulsion system that will be incorporated on several modes of aircraft.

The agreement will include the provision of capital and services by Keshan for the manufacture of the first model aircraft in North America. In addition Hines Aircraft will enter into a technology transfer agreement wherein Keshan will partner with Hines for the manufacture of commercial aircraft having between 20 and 50 seats in India for worldwide distribution.

The aircraft industry is truly global and Hines Aircraft is committed to the globalization of its design. Hines believes Keshan is an ideal partner. Keshan with their extensive business experience will be in a position to expedite development of commercial models. In addition Keshan will distribute all other models of aircraft in the region.

Hines Aircraft is looking forward to completion of the agreement and commencement of our forthcoming Partnership.

Jointly released...

J. Paul Hines
President & CEO
Hines Aircraft Ltd

Manoz Keshan
Managing Director
Keshan Global