Dynamotive Files Amended Continuous Disclosure Documents

Investors - October 28, 2008

Dynamotive Energy Systems Corporation (OTCBB:DYMTF), a leader in biomass-to-biofuel technology, today announced that, as a result of a review by the British Columbia Securities Commission “BCSC”), we are issuing the following press release to clarify our disclosure.

The BCSC’s review is part of their ongoing Continuous Disclosure Review Program.  The review identified several matters with respect to Dynamotive’s Management Discussion and Analysis (“MD&A”) for the year ended December 31, 2007 and the subsequent quarterly periods ended March 31, 2008 and June 30, 2008 respectively, that require expanded detail and explanation.  This additional disclosure relates mainly to an expanded narrative covering the Company’s operations, business development activities and changes in accounting policies; and as to providing additional breakdown and detail for related party transactions and share capital data.  Accordingly, the Company has amended its MD&A to the satisfaction of the BCSC and has re-filed amended documents for these periods.  The Company knows of no other outstanding matters with the BCSC at this time.