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May 24, 2006 - Trading Symbol: ROTB.OB

Rotoblock Expands Corporate Mission to Capitalize on the Advanced Propulsion Technology Market

SANTA ROSA, CA--(MARKET WIRE)--May 24, 2006 -- Noting rising energy costs around the world and increasing demand for advanced propulsion systems, engine technology firm Rotoblock Inc. (OTC BB:ROTB.OB - News) today announced the approval by the Board of Directors of a resolution to expand the Mission of the Company.

Rotoblock was founded in 2003 towards the development of its patented Oscillating Piston Engine technology (OPE), a radically new form of internal combustion engine designed to meet the need for smaller, more efficient internal combustion engines for world markets. Rotoblock officials say that the OPE has reached a stage of development where the strategic goals will now include the incorporation of the engine into a complete propulsion system. Rotoblock President Matthias Heinze notes there is an opportunity for Rotoblock to expand through partnering and licensing with the many companies around the world developing components and technologies that can integrate into the OPE and other engine concepts.

"At this stage of development for the OPE, we are now exploring opportunities to implement the engine into full-scale propulsion systems," said Heinze. "This is a new phase of development for the Company in which Rotoblock must spend time farming all the new technology that is emerging around the world. But I think this time will be well-spent with the opportunity for Rotoblock to participate in the development of the next-generation in advanced propulsion technology."

Heinze said he sees opportunities to integrate the OPE and other engine concepts into advanced propulsion systems and says Rotoblock has an opportunity to take a leadership position in this emerging market. Rotoblock is seeking partners and contributors to execute this strategy and Mr. Heinze noted the recent Letter of Intent with Apollo Energy Systems, Inc. as an example. Rotoblock and Apollo intend to develop a hybrid electric drive-train complimented by the integrated OPE engine with Apollo's patented Alkaline Fuel Cell and Lead-Cobalt Battery.

About Rotoblock Corporation
Rotoblock is focused on the continued development and improvement of the Oscillating Piston Engine to the state where its mechanical, ecological and economic viability leads to the profitable licensing of the manufacturer's rights to a proprietary patented design or a partnership for its manufacture. The company was incorporated in Nevada, is headquartered in Santa Rosa, California, and has its operating labs in Vancouver, Canada. The Company has full rights to the patents of the original Oscillating Piston Engine and believes the Rotoblock Oscillating Piston Engine has particular and useful applications in developing countries such as China and India and will be including these areas in the marketing and commercialization phase of this engine. Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. The address is: http://www.rotoblock.com.

Safe Harbour For Forward-Looking Statements
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Rotoblock Corporation has little or no control.

Rotoblock Corporation
Investor Relations
(877) 511-0110