Purchase Order and Business Update

1 November 2011

Not for release, publication or distribution directly or indirectly, in whole or in part, in or into or from the United States of America (including its territories and possessions, any state of the United States, and the District of Columbia), Canada, Australia, the Republic of South Africa, the Republic of Ireland or Japan, or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

This press release does not constitute or form a part of, and should not be construed as, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in MyCelx Technologies Corporation ("MyCelx" or the "Company").

THE COMPANY'S COMMON SHARES HAVE NOT BEEN REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "US SECURITIES ACT") OR ANY STATE SECURITIES LAWS (THE "STATE ACTS") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS THE SECURITIES ARE REGISTERED UNDER THE US SECURITIES ACT AND ANY APPLICABLE STATE ACTS, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE US SECURITIES ACT AND ANY APPLICABLE STATE ACTS IS AVAILABLE.

MYCELX TECHNOLOGIES CORPORATION

("MyCelx" or the "Company")

Purchase Order and Business Update

MyCelx Technologies Corporation (AIM: MYX) , the clean water technology company that provides novel water treatment solutions to the oil and gas, power, marine and heavy manufacturing sectors, is pleased to announce that it has completed trials at a major US-based fuel oil storage terminal and has now received a purchase order to deliver equipment and media. This represents the first phase of the project with the second phase of delivery anticipated by year end.

In addition, successful trials of the Company's products have been completed during the third and fourth quarters at gas production sites in Alberta, Canada; petrochemical facilities in Saudi Arabia and for onshore and offshore production operations in Qatar. In November, the Company expects to complete further trials with existing customers in Wyoming and the Gulf of Mexico.

The Company is also pleased to announce that it has successfully completed OEM trials with a global air filtration company. Conclusion of commercial discussions would lead to a new application of the MyCelx technology.

The Company is in the process of updating its institutional investors, and a copy of the presentation used in these meetings will shortly be made available on the Company's website.

For further information please contact:

Notes to Editors:

·; MyCelx Technologies Corporation is a clean water technology company that provides novel water treatment solutions to the oil and gas, power, marine and heavy manufacturing sectors

·; MyCelx invented and is the owner of the MyCelx polymer which is infused in the consumable media contained in equipment supplied by the Company. The technology produces treatment results that compare favourably to existing competition in effectiveness, cost and footprint. The MyCelx polymer and its use are protected by patents and other intellectual property rights

·; The defining difference of the MyCelx polymer, as compared with alternative technologies currently available, is that it is capable of permanently and reliably removing free, emulsified and dissolved hydrocarbons from water upon contact to levels between 0-10 parts per million (ppm) at any flow rate. MyCelx equipment has been installed successfully at the facilities of leading industry operators around the globe. The focus of the Company is now directed at the commercial application of MyCelx solutions upstream and downstream oil and gas industry

·; Over the last three years, the Company has sold its products primarily in North America, Asia, Australia, Middle East and Europe. Customers include such oil and gas companies as BP, Anadarko Petroleum Corporation, SABIC, engineering, procurement and construction companies such as Mustang Engineering and global water treatment companies

·; MyCelx shares commenced trading on AIM on 4 August 2011 following a successful fund raise of £12.1 million. Further information on MyCelx Technologies Corporation can be found at www.mycelx.com.