EnerBurn(TM) Product Confirms Dramatic Reduction in Diesel Fuel Consumption And Lower Emissions

STAFFORD, Texas, July 16 -- Gold Bond Resources, Inc. (BULLETIN BOARD: GOBM) today announced that its wholly owned subsidiary, EnerTeck Chemical Corporation ("EnerTeck"), is pleased to report a successful completion of a truck fleet performance demonstration involving 420 trucks.

Due to the utilization of EnerBurn(TM), this regional haul fleet realized gross annual savings of diesel fuel equating to approximately $650,000. The total cost of EnerBurn(TM) was $142,000, resulting in net annual savings of over $500,000, representing a return on investment ("ROI") of 350%.

Proof of performance analysis of the use of EnerBurn(TM) in intra-coastal maritime applications on diesel marine engines has confirmed significant reductions in smoke, from 34-80 %, reductions of NOx emissions by 10-53 % and fuel efficiency gains averaging 16%.

According to Dwaine Reese, Chairman, "These dramatic savings and positive environmental impact are common across our customer base. The financial benefits of EnerBurn(TM) give our products a phenomenal value proposition, particularly within the trucking and commercial marine industries. Typically, the cost of diesel fuel represents the second largest operating cost for a transportation company. Considering the traditionally low operating margins and today's challenging business cycle, combined with historically high diesel fuel costs and limited flexibility to control labor costs, EnerBurn(TM) offers our trucking, maritime and rail a distinct competitive advantage and contributes to air quality improvement.

EnerTeck has Fortune 1000 companies on its list of customers presently using EnerBurn(TM), with a number of customers in various stages of proof of performance assessments.

During the second quarter ended June 30th, the Company has established sales inroads both domestically and in the United Kingdom. The UK represents a particularly promising market for EnerBurn(TM) as the cost of diesel fuel is typically three times that of U.S. domestic fuel cost. Significant performance demonstrations are expected to commence in Japan and South America within the third quarter of 2003.

About EnerTeck Chemical Corp.

EnerTeck Chemical Corp., established in 2000 and headquartered in Stafford, Texas, markets a diesel fuel specific combustion catalyst commercialized by Nalco/Exxon. EnerBurn(TM) is a registered product with the EPA, for over-the-road applications. The Company's focus is to develop and/or acquire additional combustion enhancement, emission reduction, and environmentally friendly technologies, to complement our flagship suite of EnerBurn(TM) products and application technology. EnerTeck is establishing a significant foothold in the domestic marketplace for use in on-road vehicles, locomotives and diesel marine engines. The product is also being marketed in Asia, Europe and South America. Additional information about EnerTeck Chemical Corp. can be obtained by contacting the Company's Chairman, Dwaine Reese, or the Company's Chief Financial Officer, Leon van Kraayenburg, at (281) 240-1787.

About Gold Bond Resources, Inc.

Gold Bond Resources, Inc., incorporated in the State of Washington in 1935, acquired EnerTeck Chemical Corporation in January 2003. With this first successful acquisition, Gold Bond intends to continue to pursue acquisitions within the energy technology arena. Further information about Gold Bond Resources, Inc. may be obtained by contacting the Company's President, Parrish B. Ketchmark, at (800) 220-8174.