SOURCE: Enterayon, Inc.

August 23, 2007 07:30 ET

Enterayon Enters Into MOU for Up to $250,000 Investment

Company Receives $50,000 Bridge Loan for Interim Period

SKIPPACK, PA--(Marketwire - August 23, 2007) - Enterayon, Inc. (PINKSHEETS: ETYN) ("Enterayon" or the "Company") announced today that it has entered into a Memorandum of Understanding (MOU) with one of its existing shareholders for a private placement of a convertible secured debenture for up to $250,000. The transaction is anticipated to be consummated on or about September 30, 2007. In the interim period, the Company has received a $50,000 bridge loan from the shareholder which is scheduled to either be repaid with 20% interest by September 30, 2007 or else folded into the above-described transaction upon consummation.

The Company has earmarked the proceeds from these financings for working capital purposes and are to be used for the recently announced Silver Leaf assessment program as well as the continued development of the Company's other target properties.

CEO Perry Leopold commented, "While the Enterayon shareholder offered more funding, we believe that this sum of money should accomplish our near-term goals of assessing our Silver Leaf project and move it towards production. Longer term, we plan on continuing our discussions for additional funding to further develop all of our properties which we have been so fortunate to acquire; and will make further announcements at the appropriate time."

The debentures described above have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Enterayon, Inc.

Enterayon, Inc. engages in the exploration, acquisition, development, and mining of precious metal and other mineral properties. By combining state-of-the-art technology with traditional acquisition targeting, the Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them to their full economic potential.


This press release contains certain forward-looking statements within the meaning of Sections 27A and 21E of the Securities and Exchange Act of 1933, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Enterayon, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Enterayon, Inc. or any other person that the objective and plans of Enterayon, Inc. will be achieved.

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