SOURCE: Barnabus Energy, Inc.

August 29, 2005 09:00 ET

Barnabus Energy Applauds Passing of California's Million Solar Roof Initiative

CARLSBAD, CA -- (MARKET WIRE) -- August 29, 2005 -- Barnabus Energy, Inc. (OTC BB: BBSE) is heartened by the news of last Friday's passing of California Bill SB1 in the Assembly Appropriations Committee thereby clearing the way for a final vote on the State Assembly floor no later than September 9th.

The Million Solar Roofs bill, SB1, establishes the country's largest, long-term solar power initiative aimed at building a million solar homes and businesses over the next ten years, including building half of all new homes with solar power by 2017. Key provisions of the bill include enhanced financial incentives for homeowners and businesses to invest in solar, such as rebates and for some consumers to receive credits on their monthly utility bills for excess electricity from their own solar panels. SB1 also kickstarts the new home market by requiring that solar power become a standard option for all new homebuyers.

Upon hearing the news, Barnabus Company President, Kerry Nagy, stated, "This is exciting news for the people of California and, of course, for those of us associated with Barnabus Energy. Clearly our move into the renewable energy sector and our growing relationship with Solar Roofing Systems positions the Solarsave roofing product into a very timely opportunity."

Company Director and Advisory Committee Chair David Saltman concurs, "Instead of building even more traditional power plants to meet surging energy demands, many states have to embrace and take advantage of their naturally occurring resources, and Solar is abundantly available in California. Installing solar during construction dramatically reduces the cost of all solar energy systems. With systems like Solarsave the creation of a mass market for solar will inevitably drive costs down while pushing sales even higher. Homeowners will save money on their monthly electric bills, significant amounts of air pollution will be cut, California's energy grid can increase its stability, and our company stands to benefit dramatically from the growth of the sector."


Barnabus Energy, Inc. (BBSE) is committed to the development of a diversified energy project portfolio. The Company is currently developing oil and natural gas projects in Western Canada, as well as acquiring commercially viable projects in the renewable energy sector. Management has closely aligned itself with key strategic partnerships that will move the Company forward towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.

Safe Harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.


Barnabus Energy, Inc.

Kerry Nagy, President

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