SOURCE: GreenGold Ray Energies, Inc.

GreenGold Ray Energies, Inc.

April 13, 2009 09:18 ET

40% to 50% Jatropha Oil Blend With Standard Diesel Oil Provides Optimum Performance; Showcases 7.41 Acres Jatropha Demo-Farm, GreenGold Ray Energies (Symbol: GRYE) Announces

Participates in World Bank & NCIP Joint Sponsor Tribal Leaders Summit Conference

CAGAYAN DE ORO, PHILIPPINES--(Marketwire - April 13, 2009) - GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) announces that recent studies have shown that a 40% to 50% jatropha oil blend with standard diesel oil provides optimum performance without any engine modification and preheating of the blends. Although, there had been some concerns that jatropha-based fuels may harm engine performance. This equates to huge demand if governments begin to impose minimum blends similar to that of ethanol.

The full potential of jatropha is far from being realized for both technical and economic reasons. Growth and management of the plant is poorly documented and there is little experience marketing its end products. Therefore, jatropha growers often do not achieve the highest output of products that would bring the greatest reward. However, GreenGold is quickly changing the landscape by creating this documentation, patenting our processes, and finding new ways to increase the plants' output and monetization for farmers growing the plant. GreenGold continues to increase the jatropha feedstocks, whose demands had more than tripled. GreenGold had signed up more working alliances and joint ventures with the indigenous people as jatrophas growers.

In response, GreenGold is getting ready to showcase its 7.41 acres of Jatropha Demo-Farm in Agusan Del Sur, Mindanao. For the past 2 weeks, the tilling of the soil for propagation and jatropha planting, plus the construction of on-site greenhouse and farmhouse for our agriculturists, had begun. The Dept. of Energy and Natural Resources (DENR) and local government officials are looking forward to visiting GreenGold's first, one of a kind Jatropha Demo-Farm. Shareholders and all visitors are welcome to view our Jatropha Demo-Farm.

Other News & Media Coverage

"Renewable energy, it turns out, does grow on trees. The fruit pods plucked from jatropha trees have seeds that produce clean-burning diesel fuel. But unlike corn and other biofuel sources, the jatropha doesn't have to compete with food crops for arable land. Even in the worst of soils, it grows like weeds." -- Time Magazine (01/29/2009)

"By some estimates, the per-barrel cost to produce biofuel using jatropha, about $43 is about half that of corn and roughly one-third that of rapeseed, two other leading materials for alternative energy. At those prices, jatropha biodiesel would be competitive with fuel made from crude oil without significant government subsidies." -- Wall Street Journal (08/24/2007)

TRIBAL LEADERS SUMMIT CONFERENCE CO-SPONSORED BY WORLD BANK & NCIP: CEO Manolo Tecson and GreenGold were invited to participate in the joint NCIP (National Commission for Indigenous People) and World Bank's sponsored Tribal Chieftains (Leader) Summit Conference being held on April 14th - 15th.

This is a very important Tribal Leaders Conference, focusing on the analysis and strengthening of the institutional effectiveness of the National Commission for the Indigenous People. Topics include discussions on global warming, proposed alternative and renewable energy using the Jatropha. CEO Manolo Tecson, with his diplomatic leadership, is one of the keynote speakers to deliver information on (1) alternative and renewable energy source, (2) development, cultivation and propagation of Jatrophas in the tribal ancestral land domains, (3) brief overviews of the company's Jatropha propagation, (4) then, the implementation of the necessary tools and insights for successful Jatropha business enterprise as jatropha growers, and (5) the working alliance and partnership with GreenGold Ray Energies.

"We are very thrilled about participating in this NCIP Tribal Leaders Summit Meeting and Jatropha Issues. The event is an ideal opportunity to increase public awareness of GreenGold's Working Alliance and Partnership with Indigenous Tribal People. GreenGold is committed to partner and to share ideas with all other potentially experienced Jatropha growers. Jatropha plants, once wild growing and medicinal plants, have become the world's potential sustainable alternative renewable energy and biofuel source. Jatrophas are the Seeds of Hope; the plants that can remove harmful CO2 emissions from the atmosphere are very cost effective. The seeds can practically be grown anywhere as it can grow on top soil, where food crops cannot. GreenGold Ray Energies is Fueling the Future," concluded CEO Manolo Tecson.

ABOUT THE COMPANY:

GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly growing biodiesel, green technology, and environmentally friendly, alternative energy company. GreenGold has already solidified its position through highly successful land acquisition, by working alliances and partnership programs; acquiring large parcels of land ideal for the cultivation of the jatropha plant. Jatropha curcas grows almost anywhere, even on gravelly, sandy and saline soils. Jatropha oil can be processed to produce a high-quality biodiesel that can be used in a standard diesel car, while the residue can also be processed into biomass to power electricity plants.

2009 Research Report:

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=20013

http://www.GreenGoldEnergies.com

Forward-Looking Statements: Forward-looking statements in this release include statements regarding the Company's projections regarding biodiesel, biofuel other alternative energy explorations and extractions in future periods. Penny Stocks are highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • CONTACT:

    Investor Relations:
    Carlos Reyes
    Phone: 361-288-7349
    E-mail: Email Contact