USA (212) 688-8868 sales@genoil.net

GENOIL INC. PROPOSES CANCELLATION OF EXTENDED NOTES

GENOIL INC. PROPOSES CANCELLATION OF EXTENDED NOTES 2008-05-23 Calgary, Alberta, Canada – May 23, 2008 – As previously announced, on October 10, 2006 Genoil Inc. (TSX.V: GNO; OTCBB: GNOLF.OB) entered into loans (the “Loans”) from Lifschultz Enterprises...

GENOIL INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

GENOIL INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT 2008-07-25 Calgary, Alberta, Canada — July 25, 2008 — Genoil Inc. (TSX.V: GNO; OTCBB: GNOLF) is pleased to announce that it has closed the second and final tranche of the private placement initially announced on July...