AlumiFuel Power Corporation

Press Release

For Immediate Release

December 8, 2009

For Further Information Contact:
Thomas B. Olson, Corporate Secretary
(303) 796-8949

ALUMIFUEL POWER, INC. FEATURED IN LEHRER PBS NEWSHOUR NATIONWIDE TELECAST

CENTENNIAL, Colorado, December 9, 2009.  (BUSINESS WIRE) — Early production stage hydrogen generation company AlumiFuel Power, Inc. (“API”), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW), (the “Company”), announced today that it was featured in a segment on how Philadelphia is coping with the current recession, which was aired nationally on the Lehrer PBS NewsHour the evening of December 7, 2009.  (For the video feed and transcript, use the link: http://www.pbs.org/newshour/bb/business/july-dec09/patchwork_12-07.html.) 

Philadelphia was the first stop in the Patchwork Nation project, jointly sponsored by PBS NewsHour and the Christian Science Monitor, looking at 24 diversified cities, towns and counties across the U.S.  The Philadelphia piece, characterized as examining economic recovery in an industrial metropolis, included the University City Science Center, where API has its laboratory and offices.   

On air, API’s President & CEO, Mr. David Cade, showed components of the PBIS-1000 portable hydrogen generator, and explained that two 32 oz. cartridges filled with API’s proprietary AlumiFuel powder mix, can generate 1,000 liters of hydrogen to launch a five-foot weather balloon in about twenty minutes.  API engineers Andrew Kim and Boris Dyatkin were shown in the lab filling the AlumiFuel cartridges and performing lab testing.  The announcer attributed to Cade the statement that: “a high concentration of top universities has allowed him to draw on technical expertise and the institutional support he needs to grow here.” 

Mr. Cade said, “The visibility accorded to API and our unique technology in the PBS NewsHour telecast was extremely gratifying.  This program is televised on more than 300 PBS stations throughout the United States, reaching roughly 3 million viewers each night.  With the ability to view the report online both here and abroad, this report provided our Company with exposure we could only dream of using our normal press release channels.”

About The University City Science Center

The University City Science Center accelerates technology commercialization, regional economic development, and the market availability of life-enhancing scientific breakthroughs by bringing together innovations, scientists, entrepreneurs, funding, laboratory facilities, and business services.  Established in 1963 and headquartered in Philadelphia, PA, the Science Center was the first, and remains the largest, urban research park in the United States.  It provides services that range from incubator space with fully-equipped laboratories and “plug ‘n play” offices for entrepreneurs to path-breaking programs designed to demonstrate, nurture, and sustain new technology businesses and bring their benefits to the region and the world. For more information about the Science Center, go to www.sciencecenter.org. 

 About AlumiFuel Power, Inc.
API (www.alumifuelpowerinc.com) is an alternative energy company that generates hydrogen gas and superheated steam for multiple niche applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers.  API’s hydrogen drives fuel cells for back-up and portable power, fills inflatable devices such as weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its hydrogen/steam output is also being designed and developed to drive turbine-based underwater propulsion systems and auxiliary power systems.  API has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products. 

About AlumiFuel Power Corporation
AlumiFuel Power Corporation, formerly known as Inhibiton Therapeutics, Inc., recently acquired is wholly-owned operating subsidiary AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications requiring on-site, on-demand fuel sources.  The Company also has been conducting biotechnology research, development and potential commercialization of technologies and products for new cancer therapeutic agents and cancer fighting drugs called targeted therapies.

Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, they are based on management’s current beliefs and assumptions as to future events. However, since the company’s operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.