Interview with Genoil CEO, David Lifschultz, on CBC Radio Show

April 17, 2006 TSX VENTURE: GNO OTCBB: GNOLF Calgary, Alberta, Canada. – Genoil Chairman and Chief Executive Officer, Mr. David Lifschultz, has been interviewed by CBC Radio Show, Business Network. The interview will air throughout Canada on CBC Radio One Tuesday, April 18, 2006, during The Business Network?s broadcast starting at 5:45 AM. The Business Network?s 15 minute regular news report features CEO interviews and the latest business trends. In this interview, Mr. Lifschultz discusses his thoughts on the energy market and the impact of the GHU technology, as well as the deal with the Chinese refinery Hebei Zonghie, other Genoil?s projects and the company?s background. About The Business Network: Airs weekdays, 5:45 a.m. – 6:00 a.m. on CBC Radio One. The Business Network is the only CBC Radio program dedicated to business in Canada and the world. Pooling the talents and resources of National Radio News and Current Affairs, it delivers thoughtful, intelligent stories – the stories behind the endless parade of market numbers. The 15 minute program features a daily digest of business news and personalities. About CBC/ Radio Canada CBC/Radio-Canada is Canada’s national public broadcaster and one of its largest cultural institutions. It reaches Canadians through eight national radio and television networks, its full-service web sites, local/regional stations and affiliates, as well as the digital television channel Country Canada, and the continuous music network Galaxie. Genoil is a technology development company providing solutions to the oil and gas industry through the use of proprietary technologies. The Genoil Hydroconversion Upgrader can economically convert heavy crude oil into more valuable light synthetic crude, high in yields of transport fuels, while significantly reducing the sulphur, nitrogen and other contaminants in the oil. Genoil’s shares are listed on the TSX Venture Exchange under the symbol GNO, as well as on the OTC Bulletin Board under GNOLF.OB. For more information on Genoil visit www.genoil.net Or contact David Lifschultz Chairman and CEO (212) 688-8868 The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.