SOURCE: Barnabus Energy, Inc.

February 13, 2006 09:00 ET

Barnabus Energy Secures Commitment for Five Million Dollar Funding

SOLANA BEACH, CA -- (MARKET WIRE) -- February 13, 2006 -- Barnabus Energy, Inc. (OTC BB: BBSE) announced today that it has entered into a financing agreement with a European private equity group in the form of a subordinated mandatory convertible debenture.

This capital infusion allows the company to procure a sufficient inventory of photovoltaic cells to meet its first quarter objectives, provides operating capital for the recently announced acquisitions, and the completion of the first Suncone solar concentrating prototype. Terms and conditions of this agreement will be filed shortly with the Securities and Exchange Commission.

Cheryl Bostater, Barnabus CFO, stated, "We are very pleased to secure this initial investment and are in the process of raising additional capital under similar terms in order to assure that the Company meets its target milestones through 2006."


Barnabus Energy, Inc. (BBSE) is committed to the development of a world-class Renewable Energy company. Barnabus is acquiring commercially viable assets within the Renewable Energy sector encompassing diverse aspects of the industry. Management currently is seeking other companies that offer significant technology advantages and market opportunities, which it can acquire with the ultimate goal of increasing shareholder value. 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.

David Saltman, President

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