Former Magna International Executive Joins Azure Dynamics’ Board of Directors

OAK PARK, Michigan - Azure Dynamics Corporation (TSX: AZD & LSE: ADC) (”Azure” or the “Company”) a leading developer of hybrid electric and electric powertrains for commercial vehicles, today announced the appointment of J. Brian Colburn to its Board of Directors, subject to normal regulatory approvals and procedures. Colburn recently retired after serving as a senior executive at Magna International Inc. for almost 30 years. He replaces Robert A. Donaldson who is stepping down from the Azure Board of Directors after six years.

“Bob Donaldson was a valuable asset to the Board of Directors, and we’ll miss his wise and knowledgeable counsel,” said D. Campbell Deacon, Chairman of the Board for Azure Dynamics. “At the same time we are very happy to welcome Brian Colburn to the Board of Directors. Brian’s extensive legal and business background will be of significant benefit to Azure in pursuing its overall goal ‘to drive a world of difference’.”

Mr. Colburn was called to the Ontario bar in 1970 and received his LLM in Business Law in 1981. After approximately 10 years of practicing law with a major Toronto law firm and serving as Canadian legal counsel for a large agricultural and industrial equipment company, he joined Magna in 1981 as Vice-President, Secretary and General Counsel. Since then he has held a number of senior management positions as Magna grew from US$200 million to over US$25 billion in revenues and has been actively involved in corporate governance, human resources (including executive compensation), risk management and intellectual property and supervised global legal affairs.

Other that the information contained within the Appendix below, there is no other information pursuant to the appointment of John Brian Colburn (66) which is required to be disclosed under Schedule Two, Annex III (g) of the AIM Rules.

Appendix:

Within the past five years, John Brian Colburn has been and remains (unless otherwise stated) a director of the following companies:

Magna International Inc.

Global Automotive Components

CPI Plastics Group Limited - ceased as a director on 10 January 2009

CPI Plastics Group Limited was put into receivership on 10 January 2009 which is on-going. Mr. Colburn was a director on the board of CPI Plastics Group Limited from 11 May 2006 until 10 January 2009

About Azure Dynamics

Azure Dynamics Corporation (TSX: AZD & LSE: ADC) is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles. Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets and is currently working internationally with various partners and customers. The Company is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management solutions.

For more information please visit www.azuredynamics.com.

The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This press release contains forward-looking statements. More particularly, this press release contains statements concerning Azure’s business development strategy, projected commercial revenues and product deliveries.

The forward-looking statements are based on certain key expectations and assumptions made by Azure, including expectations and assumptions concerning achievement of current timetables for development programs, target market acceptance of Azure’s products, current and new product performance, availability and cost of labour and expertise, and evolving markets for power for transportation vehicles.

Although Azure believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Azure can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with Azure’s early stage of development, lack of product revenues and history of losses, requirements for additional financing, uncertainty as to commercial viability, uncertainty as to product development and commercialization milestones being met, uncertainty as to the market for Azure’s products and unproven acceptance of Azure’s technology, competition for capital, product market and personnel, uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies, uncertainty as to patent and proprietary rights, availability of management and key personnel, and acquisition integration risk. These risks are set out in more detail in Azure’s annual information form which can be accessed at www.sedar.com.

The forward-looking statements contained in this press release are made as of the date hereof and Azure undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

For further information: Ryan Carr, Chief Financial Officer, Tel: +1-248-298-2403 ext 1206, Email: rcarr@azuredynamics.com; Pat Liebler, Liebler Group, Tel: +1-313-832-4376, Email: pat@lieblergroup.com; Stuart Skinner, Richard Kenny, Numis Securities Limited, as Nominated Adviser, Tel: +44-207-260-1000; David Poutney, Numis Securities Limited, as Broker, Tel: +44-207-260-1000

Source: Azure Dynamics Corporation

For further information: Ryan Carr, Chief Financial Officer, Tel: +1-248-298-2403 ext 1206, Email: rcarr at azuredynamics.com; Pat Liebler, Liebler Group, Tel: +1-313-832-4376, Email: pat at lieblergroup.com; Stuart Skinner, Richard Kenny, Numis Securities Limited, as Nominated Adviser, Tel: +44-207-260-1000; David Poutney, Numis Securities Limited, as Broker, Tel: +44-207-260-1000