NewGen Announces Formation of International Joint Venture to Drive Global Expansion

30 November 2005

NewGen Technologies, Inc. (OTC BB: NWGN)
today announced the formation of its first international joint venture with
AG Global Partners, Ltd., a provider of international biofuel and
alternative energy solutions. Alex Greystoke and Geoff Dawson of AG Global
Partners will be responsible for assembling a team to emulate the NewGen
and ReFuel America model of being a completely integrated supplier of
performance fuels and biofuels. The joint venture company, owned equally by
NewGen and AG Global Partners, will be involved in all steps of the fuel
supply chain internationally -- from the manufacture of biofuels through to
the supply and distribution of fuels to wholesale and retail networks,
including to commercial fleets and retail gas stations.

The new joint venture company, NewGen Fuel Technologies, Ltd., will be run
by Alex Greystoke, CEO of AG Global Partners. Current directors of NewGen
Technologies, Ian Williamson, Cliff Hazel and John King, will sit on the
board of the company and provide technical support for all aspects of the
venture. The operation will offer performance fuels, biofuels and green
energy solutions to governments, businesses, and other industry players in
various global markets including Europe, the Middle East, Southeast Asia,
and Australia.

AG Global Partners has already identified significant opportunities in
various parts of the world for the company to provide green energy
solutions for governments, utilities, industry and transportation.

S. Bruce Wunner, Chairman and CEO of NewGen Technologies, stated, "This new
joint venture will help NewGen continue its expansion internationally into
global green energy and biofuel projects. By teaming with AG Global
Partners, we will be able to expand our technologies to new fuel and
production opportunities. This transaction is yet another example of
leveraging NewGen's capabilities with appropriate strategic partners to
speed our market entry at minimal cost."

Alex Greystoke, CEO of NewGen Fuel Technologies, added, "We are delighted
to be working with an internationally-focused, vertically-integrated
biofuels company that understands the importance of providing global green
energy solutions now. We are already working with governments and
companies around the world to find solutions to the environmental and
economic problems caused by fossil fuel use, and our joint venture with
NewGen will allow us to significantly improve and accelerate these efforts.
Together we will be able to offer complete solutions, encompassing secure
feedstock supply, world-class biofuel plant engineering and design,
proprietary and proven fuel technologies, and an unmatched team of
individuals in this emerging industry."

Alex Greystoke

Alex Greystoke is a dual qualified lawyer, admitted to practice in the
State of Texas and in England, who has significant experience as both a
corporate and litigation attorney. He has worked at major U.S. and
international law firms including Slaughter & May and Morgan Lewis. Most
recently, Mr. Greystoke established a successful international private and
public corporate finance business, covering the U.K. and much of the rest
of the world.

Geoff Dawson

Geoff Dawson is a native of the U.K. with over 35 years of experience in
managing multi-million dollar international real estate investments, land
development, and commercial business ventures. He is currently Vice
President, Europe & the Middle East, for the Meneren Corporation, an
internationally-focused project development firm recognized as a leader in
the planning, funding, and development of large international
infrastructure projects. Mr. Dawson is also a former director of some of
the U.K.'s most prominent property management companies. His experience in
dealing with governments and financial institutions, coupled with his
organizational abilities and range of contacts particularly in the
political and diplomatic fields, attracted the attention of the European
Commission and other similar organizations, resulting in invitations to
oversee several international trade projects.

About NewGen Technologies, Inc.

NewGen's mission is to be a leading manufacturer, processor and distributor
of premium biofuels that are intended to dramatically reduce the ecological
and economic impact of world petroleum use. NewGen believes that it has
developed the cleanest burning and highest performing fuels in the world by
utilizing technology that allows for more complete combustion, which NewGen
believes will result in improved miles per gallon and significantly
decreased harmful emissions, including reduced carbon monoxide, carbon
dioxide, nitrous oxides, particulates and black smoke. The company's fuel
products include proprietary and complex technology, substantially and
predominantly derived from petroleum sources, which are intended to improve
the performance of gasoline and diesel fuels, as well as
domestically-produced and environmentally-friendly alternative fuels such
as
Ethanol-based E85 and Biodiesel-based B20. The vision of NewGen and ReFuel
America, NewGen's wholly owned U.S. subsidiary, is a world less dependent
on oil, using secure, homegrown fuels which better preserve our most
important resources -- the air we breathe and water we drink.

Additional information can be found at the company's website
www.nwgntech.com.

Safe Harbor Statement Under the Private Securities Litigation Act of 1995
-- With the exception of historical information, the matters discussed in
this press release are forward-looking statements that involve a number of
risks and uncertainties. The actual future results of NWGN and PRL could
differ significantly from those statements. Factors that could cause actual
results to differ materially include risks and uncertainties such as the
inability to finance the company's operations or expansion, inability to
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"plan," "anticipate," "believe," "estimate," "predict," "potential" or
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These statements are only predictions. Although we believe that the
expectations reflected in the forward-looking statements are reasonable,
such statements should not be regarded as a representation by the Company,
or any other person, that such forward-looking statements will be achieved.
We undertake no duty to update any of the forward-looking statements,
whether as a result of new information, future events or otherwise. In
light of the foregoing, readers are cautioned not to place undue reliance
on such forward-looking statements. For further risk factors see the risk
factors associated with our Company, review our SEC filings.

Media Contact:
Blois Olson
New School Communications, Inc.
(651) 221-1999
b.olson@new-school.com
Investor Contact:
Jody Burfening/Chris Witty
Lippert/Heilshorn & Associates, Inc.
(212) 201-6609
cwitty@lhai.com
SOURCE: NewGen Technologies, Inc.