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KFx ANNOUNCES FOURTH QUARTER AND YEAR-END 2005 RESULTS RELEASE DATE AND CONFERENCE CALL INFORMATION

DENVER, February 22, 2006 -- KFx Inc. (Amex: KFX) today announces that it plans to report results for the three months and full year ended December 31, 2005 on the afternoon of Monday, March 6, 2006 after the market closes. The Company will also publish the release on its website at www.kfx.com. In addition, the Company will conduct a conference call with investors, analysts and other interested parties on Tuesday, March 7, 2006, at 9:30 a.m., Mountain Standard Time to discuss details regarding the company's performance for the quarter and other forward-looking information.

What: KFx Inc. Fourth Quarter and Year-End 2005 Conference Call

When: Tuesday, March 7, 2006 at 11:30 a.m. Eastern Standard Time (9:30 a.m. MST, 8:30 a.m. PST)

Phone: 1-877-234-1973 - Access code is 7075134 or KFx Inc. Conference Call. Investors calling from international locations should dial 973-582-2700.

Website: Live webcast available at http://www.kfx.com

How: Visit the "Investor Info" area of the Company's website. (Note: Investors should go to the website approximately 10 minutes prior to the start time of the call to register).

An on-line archive of the call will be available at www.kfx.com for thirty days. Additionally, a replay of the call will be available by dialing 877-519-4471 (domestic) or 973-341-3080 (International), passcode 7075134, through March 15, 2006.

About KFx Inc.
KFx Inc. offers combined energy, environmental and economic solutions to coal-fired power generating facilities and industrial coal users in the United States and internationally. Our proprietary K-FuelTM process uses heat and pressure to physically and chemically transform high moisture, low-Btu coals, such as subbituminous coal and lignite, into a more energy efficient, lower- emission fuel. A co-benefit of the K-FuelTM process is the removal of significant amounts of impurities, including mercury, and the reduction of emissions of sulfur dioxide and nitrogen oxide.

Please visit www.kfx.com for more information.

Forward Looking Statements
Statements in this news release that relate to future plans or projected results of KFx are 'forward- looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the 'safe harbor' provisions of the PSLRA. Our actual results may vary materially from those described in any 'forward-looking statement' due to, among other possible reasons, the realization of any one or more of the risk factors described in our Annual Report on Form 10-K, or in any of our other filings with the Securities and Exchange Commission, all of which filings any reader of this news release is encouraged to study. Readers of this news release are cautioned not to put undue reliance on forward-looking statements.

Contacts:
KFx Inc., Denver, CO
Analyst Contact:
Andreas Vietor, Director of Investor Relations
303-293-2992
or
Brainerd Communicators, Inc., New York, NY
Media Contact:
Matt Hantz
212-986-6667
Website: http://www.kfx.com

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