Patriot Energy Corporation, Annual General Meeting, Jun 09, 2009, at 09:00 Eastern Daylight. Location: Fairmont Queen Elizabeth Hotel, Montreal, Quebec,Canada.

Patriot Energy Corporation announced that they have signed a memorandum of understanding with Toshent Overseas for the purchase and distribution of 100,000 yearly H2O Injectors. According to the MOU, Toshent Overseas will purchase and distribute the H2O device in the Russian marketplace and Eurasia on a non-exclusive but preferential basis. The companies are currently negotiating the final numbers and delivery and intend to move to a Letter of Intent and or agreement within the next 10 days. In the event this distribution agreement is concluded, it would be a transaction valued at over $170 million over the next 5 years.

Patriot Energy Corporation announced that it has begun the testing and retrofit of the H2O Oxygenator with a foreign automaker a month ahead of schedule. The company recently began talks with a major foreign automaker to make its H2O Oxygenator System a standard feature on all their vehicles and have now completed the retrofit to begin testing the unit. The company believes the test results will not vary much from the results already obtained by the third party laboratories that have evaluated the technology thus far. Once the beta period over, the units could be installed on as many as 1 million vehicles per year for the next 5 years, which is expected to yield over $500 million a year in unit sales and $90 million in Carbon Credit trading. In addition to the testing, the automaker has shown an interest in participating in the ownership of the company.