Vancouver, BC, Canada
August 2, 2007

Consensus Appoints Director to Dynamotive’s Board

Converts Ownership in Biomass Company to Common Shares of Dynamotive

“Consensus know-how and market reach can make a significant difference in the Company’s future”, says Vincent Tchenguiz, Chairman of Consensus

Dynamotive Energy Systems Corporation (OTCBB:DYMTF) and Consensus (“Consensus”) announced today the appointment of Mr. Wayne Keast, Chief Executive, Consensus Environment, to Dynamotive’s Board of Directors concurrently with the conversion of Consensus’s 49% equity ownership in Dynamotive Biomass Resource Corporation, a subsidiary of Dynamotive, into ownership of common shares of Dynamotive.

The move signals a strengthening of the relationship between the Companies and the desire by Consensus to take a more active role in the development of Dynamotive.

The conversion of Consensus’s ownership in the biomass joint venture into common shares in the parent Company was agreed given the potential for conflict of interest in this activity and allows for the assets to be developed under the Dynamotive parent Company umbrella.

The biomass development company was set up to develop biomass resources worldwide and has current projects under development in EU, Canada, US and Latin America. Under the agreement, $2,000,000 invested by Consensus would be converted to Dynamotive’s common restricted stock at US $1 per share (market at the time of agreement).  The subsidiary has cash of $ 1.4 million, holds certain project development rights and has a $330,000 convertible loan receivable related to operations in the Ukraine with Rika BioFuels.

Commenting on the appointment of a Director to Dynamotive’s Board, Mr. Vincent Tchenguiz, Chairman of Consensus, said, “We have long been a supporter of Dynamotive financially and strategically and have seen the Company grow to the stage where our considerable reach, resources and financial know-how can make a significant difference in the Company’s future.   Consensus know-how can be pivotal in leveraging Dynamotive’s potential.  I would like to congratulate Dynamotive for their achievements to date and, in particular, Mr. Kingston whose vision and commitment has allowed the Company to reach this stage.”

“Mr. Wayne Keast brings considerable experience and know-how and is a key member of Consensus; by appointing him to Dynamotive’s Board we will ensure seamless cooperation between the Companies.  I also believe that converting our ownership in Dynamotive Biomass Resource Corporation into ownership into the parent Company is the right move given our close involvement in Dynamotive.” 

Mr. Richard Lin, Chairman of Dynamotive, welcomed the appointment of Mr. Wayne Keast to Dynamotive’s Board and thanked Mr. Vincent Tchenguiz for his support of the Company.  Mr. Lin added, “Consensus has been a strong supporter of Dynamotive and has seen the Company grow steadily over the years to the point where its market potential reached the threshold for closer involvement.  We appreciate the forward outlook and vision of Mr. Vincent Tchenguiz and his organization.  I welcome the appointment of Mr. Keast to our Board and look forward to working with him at Board level.”

About Consensus

Consensus is a multi-faceted principal investor in a broad range of synergistic activities, including structured finance, the acquisition, management and development of commercial/residential real estate and high tech start-ups.

Consensus has significant shareholdings in property and property-related companies. It is now one of the UK's largest private property companies, with a £4 billion commercial property portfolio. The Group is also the owner/manager of some 250,000 residential freeholds throughout the UK, making it one of the largest owners of residential properties in the UK.

The key area of growth for Consensus is its technology investment programme in companies and specialised funds, currently in excess of $500m and increasing by $250m per year.  Coupled with a substantial business development network, it provides Consensus with an unparalleled level of access to new technologies, new industry models and economic acceleration resources.
www.consensusbusiness.com

Contact:
Sean Bellew
Tel: +44 (0) 7973 234 040
Email: S.Bellew@cbg.uk.com

About Dynamotive

Dynamotive Energy Systems Corporation is an energy solutions provider headquartered in Vancouver, Canada, with offices in the USA, UK and Argentina. Its carbon/greenhouse-gas-neutral fast pyrolysis technology uses medium temperatures and oxygen-free conditions to turn dry, waste cellulosic biomass into BioOil® for power and heat generation. BioOil® can be further converted into vehicle fuels and chemicals.  The final stages of the commissioning process at the Guelph plant and the reconstruction of the West Lorne plant may be seen by viewing photographs regularly posted on the company’s website at www.dynamotive.com

Contacts:

Nathan Neumer, Director of Communications
Dynamotive Energy Systems Corporation
604-267-6042
Switchboard (604) 267-6000
Toll Free (North America) 1-877-863-2268
Fax (604) 267-6005

Email: info@dynamotive.com
Website: www.dynamotive.com

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