McKenzie Bay Advances Products For Energy; Retains International Vanadium Recovery Expertise.

Business Editors

BRIGHTON, Michigan--(BUSINESS WIRE)--Feb. 25, 2003

McKenzie Bay International Ltd MKBY:OTC.PK - Wholly owned Canadian subsidiary, McKenzie Bay Resources Ltd (OTCBB:MKBY), has contracted exclusive vanadium services from Savanco (Pty) Ltd, a South Africa consulting firm with international experience in Vanadium process recovery.

Savanco was integral in the development of McKenzie Bay's new, simplified, process for direct recovery of high-purity vanadium chemicals for use in new electricity storage technologies in concert with SGS Lakefield Research of Societe Generale de Surveillance Group (SGSN:SWX), Lakefield, Ontario and Dr Jan Mracek, McKenzie Bay Director of Production and Technical Processes.

Savanco's knowledge of vanadium process recovery provides McKenzie Bay with the technical capacity to optimize its new process for production of specialty vanadium chemicals at a research & development 'pilot plant' operation in Ontario, Canada before deployment at the Lac Dore vanadium project. (PR-Dec 3, 2002 'McKenzie Bay to begin Vanadium Production in 2003').

Savanco principals, Chemical Engineers D. Stuart Bradbury and George Annandale, have over sixty years of combined experience in recovery methodology for various minerals, especially vanadium involving more than a dozen vanadium projects on three continents.

Savanco's technical background extends to all aspects of vanadium processing and recovery including complete detailed design engineering, turnkey equipment supply and commissioning assistance from Magnetite concentrate roasting through to finished V2O5 fused flake, V2O5 calcining plants, Ammonium Metavanadate precipitation, pellet leach plants, and operating a vanadium refinery.

Bradbury has had on-going involvement in the South Africa Vanadium Industry since 1974 through IMS Process Plant (Pty) Ltd, a Company he founded in 1974, provided engineering, design, recovery plants, dryers, filters, calciners and other key unit components for all major South Africa vanadium producers.

Annandale has designed facilities, prepared due diligence and participated in feasibility studies for more than two-dozen mineral projects. While employed by Union Carbide, Annandale managed construction and production of two Vanadium process units and was appointed General Manager followed by Managing Director for Vanadium operations in 1977.

This press release contains statements that are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'estimates,' 'anticipates,' 'plans,' 'believes,' 'projects,' 'expects,' 'intends,' 'predicts,' 'future,' 'may,' 'potential,' 'contemplates,' 'will,' 'should,' 'could,' 'would' or the negative of such terms or other comparable terminology. These statements relate to the Company's future operations and financial performance or other future events. These statements are only predictions and not guarantees of future success. Many of the forward-looking statements are based on assumptions about future events that may prove inaccurate. Actual events, results, performance or achievements may differ materially from the events, results, performance or achievements discussed in the forward-looking statements. These differences may result from a variety of factors, including the following: lack of operating history; unavailability of future equity infusions and other financing alternatives; failure or delays in further developing proprietary processes or effectively commercializing such processes; dependence on the success of the pilot production facility and, ultimately, Lac Dore; inability to develop new products entering the energy storage market; failure of the high-purity vanadium market to materialize; failure to obtain required governmental approvals regarding Lac Dore; and concentration of ownership of the Company's common stock by directors and officers. These and other factors that may emerge could cause decisions to differ materially from current expectations. McKenzie Bay undertakes no obligation to revise, update or clarify forward-looking statements to reflect events or conditions after the date of this release.