Northern Lights Upgrader to Use GE Technology.

CALGARY, Alberta -- Synenco Energy Inc., Managing Partner of the Northern Lights Partnership, today announced the signing of a Licensing Agreement with GE Energy to use GE's gasification technology in the Northern Lights Upgrader Project proposed for Sturgeon County, Alberta.

Under the terms of the agreement, the asphaltenes separated during the upgrading of bitumen to synthetic crude oil will be converted into synthesis gas, which can then be further converted to energy products using GE technology. The gasification of asphaltenes uses materials that would otherwise be a waste product, requiring on-site storage or disposal, and reduces the facility's reliance on external sources of energy products.

"We are very pleased to be working with an internationally-recognized organization like GE and are looking forward to a successful collaboration," said Kent Hicks, Vice President, Downstream Operations for Synenco Energy. "Gasification using GE technology will provide the Northern Lights Project with a source of hydrogen that meets a significant need in our upgrading process."

"Worldwide, there are 62 gasification facilities currently operating using GE's technology, and nine in design or under construction," said Edward Lowe, general manager of gasification for GE Energy. "We are looking forward to working with the Northern Lights Partnership on this project, our first gasification application in the Alberta oil sands."

Synenco (TSX:SYN), a Calgary-based oil sands company, holds a 60% interest in and is the Managing Partner of the Northern Lights Partnership (NLP). SinoCanada Petroleum Corporation, an indirect wholly-owned subsidiary of Sinopec, owns the remaining 40% of NLP. NLP is the owner of the Northern Lights Project, an oil sands mining and bitumen extraction project northeast of Fort McMurray, Alberta, and a heavy oil upgrader project located in Sturgeon County northeast of Edmonton, Alberta. The independent best estimate of NLP's resource is 1.49 billion barrels of in-place bitumen. NLP also holds extensive coal lease applications in the Athabasca region in north eastern Alberta. In addition to its interest in NLP, Synenco holds a 100% interest in an oil sands lease adjacent to the NLP lands.

GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2005 revenue of $16.5 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.

Certain statements contained in this document are "forward looking statements". The projections, estimates and beliefs contained in such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results or events to differ materially from those anticipated in any forward-looking statements. Synenco believes the expectations reflected in those forward looking statements are reasonable; however, Synenco cannot provide any assurance that these expectations will prove to be correct. See "Risk Factors" in Synenco's Annual information Form available at www.synenco.com for further details of such factors.