Vancouver, Canada
October 8, 2008

Dynamotive Files Amended Continuous Disclosure Documents

VANCOUVER, CANADA, October 8, 2008 – Dynamotive Energy Systems Corporation (“Dynamotive” or the “Company”) (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.

The amended MD&A‘s can be also viewed in our website where we highlight the amendments and expansion of information for ease of reading.

About Dynamotive

Dynamotive Energy Systems Corporation is an energy solutions provider headquartered in Vancouver, Canada, with offices in the USA and Argentina. Its carbon/greenhouse gas neutral fast pyrolysis technology uses medium temperatures and oxygen-less conditions to turn dry, waste cellulosic biomass into BioOil for power and heat generation. BioOil can be further converted into vehicle fuels and chemicals.  Operational updates are regularly posted on the company’s website at www.dynamotive.com

About BioOil® Biofuel

BioOil® is an industrial fuel produced from cellulose waste material. When combusted it produces substantially less smog-precursor nitrogen oxides (‘NOx’) emissions than conventional oil as well as little or no sulfur oxide gases (‘SOx’), which are a prime cause of acid rain. BioOil® and BioOil Plus™ are price-competitive replacements for heating oils #2 and #6 that are widely used in industrial boilers and furnaces. They have been EcoLogo certified, having met stringent environmental criteria for industrial fuels as measured by Environment Canada’s Environmental Choice Program. BioOil® can be produced from a variety of residue cellulosic biomass resources and is not dependent on food-crop production.

Contact:
Brian Richardson, Chief Financial Officer, 604-267-6004
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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