Lucerne, Switzerland July 13, 2000 - Manhattan Scientifics Inc. (OTC BB: MHTX) unveiled a demonstration prototype fuel cell powered bicycle at the European Fuel Cell Forum this week in Lucerne, Switzerland. The demonstration produced loud applause from attendees as Petra Koschany, NovArs General Manager and wife of chief fuel cell scientist, Dr. Arthur Koschany, rode the bike around the hall.

Engineered in the company's Passau, Germany facility, the new Hydrocycle is a motorized electric bicycle fueled by hydrogen. It is noiseless, ecologically clean and completely pollution-free. The Hydrocycle produces no emissions other than a small amount of water vapor and can run for about 100 kilometers at speeds up to 30 km per hr. Representatives from large and small bicycle and scooter manufacturing companies in Asia, Europe and the United States have contacted Manhattan Scientifics COO Jack Harrod for more details.

Harrod said the company intends to enter into partnership relationships as quickly as possible with manufacturers that will enable them to mass produce this new product. Senior management at the company's New York office said the company is receiving numerous requests for more details from small and large manufacturers. The company has filed numerous international patents to protect the Hydrocycle technology. Harrod said he was pleased with the response from potential industrial partners and the enthusiastic reception from the conference attendees.

"The NovArs mid-range technology, which ranges from several watts to several kilowatts, has potential applications for laptop computers and other portable electronics including cellular phones, PDA's, golf carts, wheel chairs, cordless power tools, electric kitchen appliances, alarm systems and remote power stations." Harrod continued, "We have the know-how, patents and engineering talent. Now we need to close with industrial corporate team partners to begin commercializing our technology."

Marvin Maslow, Manhattan Scientifics' CEO said, "The Hydrocycle technology represents an important breakthrough in clean, affordable personal transportation and may be capable of dramatically changing transportation habits of urban populations in Asia, Europe and North America."

"There has been a lot of talk about how the world will soon enter into the hydrogen-powered age. I think we, at Manhattan Scientifics, may be taking the first affordable and mass producible steps. Personally, I'd like to see an end to the pollution choking effect of the two-stroke engine throughout much of Asia," Maslow said.

In an earlier statement, the company said, "The Japan Cycle Press estimates there will be 1 billion electric bikes on the roads by the year 2020, mostly in Asia with smaller niche markets in Europe and the United States. In Asian countries such as India, massive amounts of goods are transported every day by scooters driven by heavily polluting two-cycle engines. These societies are literally choking on gas and diesel fumes. Electric powered bikes and scooters could provide significant improvements for their environments and consequently their economies."

Manhattan Scientifics, Inc. is developing and commercializing proprietary technologies in the advancement of consumer and commercial electronics including micro and mid range fuel cell technologies, holographic media for data storage, Internet-based image management and water filtering technologies. Manhattan Scientifics' research headquarters are located in Los Alamos, NM. Executive offices are in New York City. Copies of Manhattan Scientifics press releases, current quotes, stock charts and other information for investors may be found on the websites www.mhtx.com and www.hawkassociates.com. For further information, contact Manhattan Scientifics CEO Marvin Maslow (212) 752-0505. For investor relations information, contact Frank Hawkins (305) 852-2383. Manhattan Scientifics' business address is 641 Fifth Avenue, Suite 36f, New York, N.Y. 10022.

The foregoing press release contains forward-looking statements, including statements regarding the company's expectation of its future business. These forward-looking statements are based largely on the company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors. These include but are not limited to, successfully completing the research and development with respect to the micro fuel cells and other technologies, successfully commercializing the fuel cells and holographic storage devices for mass production, successfully protecting the company's patents, and effective significant industry competition from various entities whose capabilities far exceeds the company's. NovArs GmbH and ERDI are independent contractors to Manhattan Scientifics, Inc., which acquired and owns certain intellectual property of these companies. In light of these risks and uncertainties there can be no assurances that the forward-looking statements in this press release will in fact transpire or prove to be accurate.