Change of Chief Executive Officer in Leo Motors

LAS VEGAS - March 14, 2011: Dr. Shi Chul "Robert" Kang resigned as CEO & Chairman of Leo Motors, Inc. (Pink OTC Markets: LEOM). The board of directors appointed Mr. Jung Yong Lee, one of the remaining directors and Chief Technical Officer, as Chairman and CEO.

Mr. Lee is a founder and former CEO of Leo Motors. He registered more than 56 patents of Electric Vehicle technology including EV power train, Zinc Air Fuel Cell Generator, and Battery Management System. Dr. Kang left the company, but will support Leo Motors as an outside advisor until this transition is smoothed.

About Leo Motors
LEO MOTORS is a US public company based outside of Seoul, Korea, engaged in the development, manufacture and sale of Electric Vehicle (EV) power trains and components. Leo has developed many original EV power trains and has converted many models of existing internal combustion engine (ICE) vehicles into EVs, including scooters, motorcycles, highway speed sedans, buses and trucks. Leo Motors has also developed Zinc Air Fuel Cell Generator (ZAFCG) which will free EVā€™s from range limitation with zero emissions.