Syntec Cancels Agreement

September 15, 2006

Syntec Biofuel Inc.  (OTCBB: SYBF) wishes to advise that they have been unable to raise funding to acquire the Assets of the Canadian Company – Syntec Biofuel Inc. (“Syntec Canada”) and the Agreement dated April, 7th 2006 as amended between Syntec USA (previously operating as Netco Investments Inc.) and Syntec Canada has been terminated.

Syntec Biofuel Inc. trades on the OTC.B.B. under the symbol ‘SYBF’.


Contacts:
Syntec Biofuel Inc.
Investor Relations
(604) 648-2095
ir@syntecbiofuel.comSOURCE:  Syntec Biofuel Inc.  

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