AccelRate Power Systems Inc.: Granting Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) - AccelRate Power Systems (TSX VENTURE:APS)(FRANKFURT:KCG) announced today that pursuant to its 2007 Stock Option Plan, AccelRate has granted stock options to purchase up to an aggregate of 1,635,000 common shares in the capital stock of AccelRate at any time until December 24, 2012, at an exercise price of $0.22 per share.

The stock options and any shares acquired upon exercise of the stock options shall be subject to the required four-month hold period pursuant to the policies of the TSX Venture Exchange.

ACCELRATE POWER SYSTEMS INC.

Reimar Koch, President and CEO

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not undertake any duty to update any forward-looking statements.