NEWS RELEASE  

Algae Bioenergy Solutions, Inc. signed its lease agreement for Commercial Manufacturing, Laboratory and Office space at its new Graniteville, SC location and is in the process of building out its Algae Cultivation System, Extraction and product packaging systems for Algae oil, Algae cake and Dry powder products.  This facility will include its own in-house Tanker/transportation for distribution, recycling operation/emitter for Power generation sharing and direct access for critical nutrients such as CO2 and effluents rich in growth materials.  This operation will be self sustaining and rely little on energy from the Grid.   Assembly of growth units and extraction equipment will commence by December 8, 2011 and full production is anticipated by second quarter 2012.  Thomas Anhorn/VP Operations