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Synex International hydro project under review for approval

VANCOUVER, June 27, 2002 -- Synex International Inc. announced Thursday that its application for a project approval certificate for a hydro project in British Columbia has been accepted for review.

On June 21, Coast Mountain Power, announced that its application for a project approval certificate for the Forrest Kerr Hydroelectric Project under the British Columbia Environmental Assessment Act, has been filed and accepted for review.

The Forrest Kerr Project is a 100 MW hydroelectric power plant to be located on the Iskut River, approximately 100 km northwest of Stewart, British Columbia.

Coast Mountain has stated publicly that it has taken over one year to compile the data used in the application and that to date it is not aware of any significant adverse issue in respect of the related environmental, socio- economic or cultural aspects of the project.

Synex International Inc. is a public company, trading on the Toronto Stock Exchange with three operating divisions covering: the development and operation of electrical generation facilities; the development and marketing of business intelligence and accounting related software products; and an engineering group providing services for the control and use of water, particularly hydroelectric facilities.





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