Nuclear Solutions Makes $50 Million Announcement.

Business Editors, Technology Writers

MERIDIAN, Idaho--(BUSINESS WIRE)--Nov. 27, 2001

Nuclear Solutions, Inc. (OTCBB:NSOL) announced today the signing of a Letter of Intent for a $50 million (USD) Developmental License Agreement with The Photodeactivation and Transmutation Institute of Europe, Ltd., for NSOL's electron accelerator-based photodisintegration process for remediation of nuclear waste and the safe generation of electricity.

The Letter of Intent details a two-part license agreement. Part One will constitute a developmental license. Part Two will constitute a use license. In addition to the $50 million License Fee, NSOL will be paid, per installation, (a) an Accelerator Driven System fee; (b) electric generation/cogeneration fees; (c) an annual license renewal fee; and (d) fees for nuclear material storage, handling and processing.

NSOL and The Photodeactivation and Transmutation Institute of Europe, Ltd. will finalize the formal terms and conditions of the agreement within the next 45 days.

This press release may be deemed to contain forward-looking statement that could affect the financial condition and results of operations of the company and its subsidiaries. Further information on potential factors that could affect financial conditions, results of operations, and expansion projects of the company are included in filings with the U.S. Securities and Exchange Commission.

NOTES TO EDITORS:

1. Nuclear Solutions, Inc. (NSOL) is pioneering the application of photonuclear physics for the treatment of nuclear waste and the safe, efficient generation of electricity. Development of this patented and patent-pending technology could result in the elimination of nuclear waste and a new generation of nuclear reactors that are able to burn their own waste.

The application of photonuclear physics to nuclear waste is called Photodeactivation (a term coined by the inventor, Dr. Paul M. Brown). Photodeactivation involves the irradiation of specific radioactive isotopes to force the emission of a neutron, thereby producing an isotope of reduced atomic mass. These resultant isotopes are characteristically either not radioactive or radioactive with a short half-life.

NSOL's technology works on the laboratory scale, and preliminary computer simulations suggest that this technology will also work on the industrial scale. NSOL is taking the steps necessary for commercialization of the technology. As for most of the advanced nuclear technologies developed today, computer simulation is one of the most important and necessary steps. NSOL will use and improve a series of nuclear simulation codes. The new set of simulation codes will allow the NSOL research and development team to design, test, improve, and develop experiments and commercial facilities through computer modeling.

NSOL plans to capitalize on its patent and patent-pending technology by forming strategy alliances and joint ventures with well-established leaders in the nuclear industry. Continued revenue streams are expected through licensing of the technology with both upfront fees and ongoing royalties.

2. NSOL's technology, the HYPERCOM(TM) ADS process, is an electron accelerator-based photodisintegration process, incorporating the most recent advances in the photo-nuclear industry.

3. The technology could be developed into new applications for remediation of nuclear waste. Industrially, it would operate at a sub-critical level, so the heat produced by the process could also be used to generate electricity in a safe and environmentally benign manner.