Update on Activities

Quadrise Fuels International PLC
26 January 2007



26 January 2007

                        Quadrise Fuels International plc
                         ('Quadrise' or 'the Company')
                                   AIM : QFI

                              Update on Activities

Quadrise is pleased to provide this update on the Company's business activities.

Key milestones have been reached on important elements of the Company's
Strategic Plan.

The Review Phase has been completed and resulted in:

- Selection and detailed analyses of candidate major power plants and world 
scale oil refineries.

- Identification of 2,500MW of highly prospective power plant offtake
opportunity for MSAR fuel.

- Confirmation that Quadrise technology offers major potential benefits to the 
oil refining industry in terms of profitability, investment avoidance and
environmental performance.

This phase was followed by a programme of selective engagement with potential
clients and partners focused on the prospects for Quadrise fuels related
application in their individual plants and operations.

Priority has now shifted to formulation of specific project proposals and
progressing associated negotiations to agree terms for commercial trials for
both the power plant and refinery fuelling applications.

Securing contracts for fuel supply to only a very modest share of the identified
2,500 MW of generating capacity will financially underpin the business and this
remains a prime early objective. Thereafter, focus will shift to the medium term
development of highly prospective oil burning power markets in the Far East,
Mexico and the Middle East.

The Company's independently managed associate, Quadrise Canada Corporation
('QCC') completed the strategic acquisition of the sole manufacturer of
proprietary MSAR manufacturing units in late 2006. In addition, QCC completed
successful trials of MSAR fuel with the world's leading manufacturer of large
scale diesel fuelled power plants, thereby opening an additional large
international market for Quadrise MSAR fuels. The Company holds a 21.17%
interest in QCC.

Bill Howe, Quadrise CEO, commented, 'Our programme has confirmed a positive
business case for Quadrise MSAR fuels in our target markets. The recent oil
price trend is also generally positive for our business. Lower oil prices
sustain the potential for oil fired thermal and diesel power generation, and
also improve our competitiveness against other energy sources.

'Our success will be measured by closing contracts for our products and
services. We are confident that maintaining focus and momentum with our defined
programme will deliver on early identified project contracts, financially
underpin the business and provide funds for expansion.'

The Company's interim results to 31 December 2006, due to be released on 19
March 2007 will include a further update on activities.


  MSAR is a registered trade mark of Quadrise Fuels International plc.


For further information, please contact:

Quadrise Fuels International plc
Bill Howe
CEO
T: [phone]

Smith & Williamson Corporate Finance Limited
Azhic Basirov / Siobhan Sergeant
[phone]

Parkgreen Communications
Simon Robinson / Victoria Thomas
[phone]


Notes to editors:

Quadrise Fuels International plc ('Quadrise') produces an emulsion fuel as a low
cost substitute for conventional heavy fuel oil ('HFO') for use in power
generation plants and large steam raising or energy consuming industries.

In manufacturing its fuels, Quadrise uses the least valuable elements of the oil
barrel, thus providing a very cost effective product whilst simultaneously
facilitating a means to market for the least desirable heavy crudes and refinery
derived residues.

The emulsion fuel product, termed MSAR (Multiphase Superfine Atomised Residue),
has superior combustion characteristics to conventional HFO and coal, and has
comparable or superior environmental performance in respect of greenhouse
emissions.

In addition to providing operating cost savings MSAR may facilitate the upward
revaluation of resource or industrial plant assets by extending their economic
life or increasing their on-line load factor.

Quadrise adopts a number of business models, including on site fuels manufacture
at refineries, at point of use - either adjacent to or on customers facilities,
and at central manufacturing facilities acting as bulk fuel suppliers.



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