Mr. Paul Woodward reports

AETHER CATALYST SOLUTIONS, INC. ANNOUNCES OPTIONS GRANTS

Aether Catalyst Solutions Inc. has granted 350,000 incentive stock options to employees. The incentive stock options have an exercise price of 10 cents per share, are valid for a three-year period from the date of grant and are subject to regulatory approval.

The company's stock option plan allows for the issuance of up to 10 per cent of issued and outstanding share capital in the form of incentive stock options. As the result of the above grants, the company has 2.5 million options issued, representing 5.0 per cent of the issued and outstanding share capital.

About Aether Catalyst Solutions Inc.

Aether, a clean air company, is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst, while meeting, or exceeding, government emission standards. Aether is working to quickly advance its technology through rapid screening of new material combinations. While Aether's primary focus has been automotive applications, the company is also developing catalysts to address small motor emissions -- a significant contributor to urban air pollution.