PYF Polyfuel Regs

RNS Number:2818F
PolyFuel Inc.
05 October 2007




For Immediate Release                                            05 October 2007



                                 PolyFuel, Inc.

                              Share Options Grant





PolyFuel, Inc. ("the Company", AIM: PYF), announces the grant, effective 4
October 2007, of share options to Directors and Executive Staff ("Options"). The
exercise price for each Option will be USD 0.68 per Common share with a par
value of USD 0.001 each in the capital of the Company ("Common Shares") and the
Options will be exercisable from time-to-time throughout the period 4 October
2007 through to 3 October 2017.



Details of the Options granted and subsequent interests are as follows:
                                                 Total of Options    Total Common share    Percentage of
                                               Held Following Grant   holding to date      Voting Rights
Director or Executive Staff       Option Grant
Member
Jim Balcom                          149,000         2,938,444              49,000              0.09%

Executive Director
Mark Campion                         82,500          958,388                Nil                 Nil

Executive Director
Robert Jecmen                        65,000          240,522              125,000              0.22%

Non-Executive Chairman
Harry Fitzgibbons                    50,000           65,500              160,540              0.28%

Non-Executive Director
Don MacDonald                        45,000           45,000                Nil                 Nil

Non-Executive Director
Graham Titcombe                      50,000           50,000               99,020              0.17%

Senior Independent Director
Frederick Cooper                     82,500          958,388                Nil                 Nil

Vice President
Henry Voss                           82,500          958,388              250,000              0.44%

Vice President
Phil Cox                             80,000          536,344                Nil                 Nil

Vice President
Ventures West *                      45,000           45,000             6,727,653            11.71%

*   Options have been assigned to Ventures West by Non-Executive Director, David
Berkowitz, who is a general partner of Ventures West.



For further information please contact:



PolyFuel, Inc.

Mark Campion - CFO          (650) 429-4700



Collins Stewart Europe Limited

Mark Connelly               020 7523 8350


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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