SOURCE: GreenGold Ray Energies, Inc.

GreenGold Ray Energies, Inc.

June 15, 2009 09:18 ET

GreenGold Ray Energies (Symbol: GRYE) Aims to More Than Double Its Future Jatropha Crude Oil Output by 2011~ the Next Generation Oil Feedstock

CAGAYAN DE ORO, PHILIPPINES--(Marketwire - June 15, 2009) - Green Gold Ray Energies, Inc. (PINKSHEETS: GRYE) aims to double its jatropha crude oil output by 2011 through continuous increase yields of jatropha feedstocks, while the company increases its jatropha plantations. The jatropha plantations are expanding from 5,000 hectares to over 30,000 hectares by the end of 2009.

The worldwide public awareness understands that there are tremendous opportunities for jatropha as the next generation oil feedstock. These had been tested to be the best oil fuel according to the latest developments. GreenGold Ray Energies is currently leading the Indigenous People in Mindanao Island in the jatropha cultivations. GreenGold is considered as one of the jatropha experts in the Philippines that continuously shares the real life experiences in production, R&D, cultivation, investment, refining and downstream logistics of jatropha as the next generation feedstocks. GreenGold has been helping the local agrarian farmers in their success to fast, healthy jatropha farming. CEO Manolo Tecson had compiled updates on advances in production, optimization and blending technologies for jatropha's germination, cultivation and production.

JATROPHA CRUDE OIL PROCESSING PLANT: the Board had voted to the initial installation of a crude oil processing plant first; the fact that there are more demands in jatropha crude oil than the refined pure jatropha oil. The company can immediately generate revenues early 2010. The agreement to purchase the Pure Biodiesel Oil Refinery unit from Switzerland is under final contractual signing subject to an ocular visit to be made in July.

SUMMARY OF AN INITIAL FEASIBILITY STUDY
  -- Bio fuel produced per month after transesterification = 320,000
     liters or 84,656 gallons
  -- $164,047.50 total capital cost per month divided by 320,000 liters
     bio fuel produce $0.51 per liter or $1.94 production cost per gallon.
  -- The pump price of pure biodiesel (B100) is $3.29 per gallon!

SELLING RAW or CRUDE JATROPHA OIL (without transesterification process):
  -- $131,987.50 total capital cost per month divided by 400,000 liters
     jatropha crude oil produced = $0.33 per liter or $1.25 production
     cost per gallon.
  -- The metric conversion: 1 metric ton = 1,000 liters:
     1 gallon (US) = 3.78 liters

INTERPRETATION:
COST per month per 400,000 Liters of Crude Oil = $132,000 (Rounded up)
1 Metric ton = 1,000 Liters therefore 400,000 Liters = 400 tons X $800 per
ton = $320,000.00

  -- NET PROFIT = $320,000 less $132,000 = $190,000.00 *This is just
     for more or less than a hectare of jatropha plantation

3 HECTARES DEMO-JATROPHA FARM -- in Caraga are robustly and rapidly growing after a month since the jatropha seeds were planted. The company uses organic fertilizer which had shown no other side effects on the Jatropha plants. Jatropha or commonly known as "tuba-tuba" will be planted in the 197 hectares of land, increasing the GreenGold's jatropha plantation. These ancestral lands are owned by the Bukidnon Tribal Cooperative in Libona, led by Chieftain Datu Mandapugan and that GreenGold had entered into another working alliance with last week.

NEW GRYE HEADQUARTER: The move to Butuan City close to Nasipit Refinery Site is progressing rapidly. The company is looking to complete the move by the end of June.

Jatrophas indeed are the next generation oil feedstock, the biofuel of choice and the best alternative oil energy source, providing better healthy environment. GRYE is "Fueling the Future!"

About GreenGold Ray Energies, Inc.

GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly growing biodiesel, green technology, environmentally-friendly and alternative-renewable energy company. The Company has already solidified its position through a highly successful land acquisition program, acquiring large parcels of land through working alliances and joint venture partnership with landowners and growers, ideal for the cultivation of the jatropha curcas 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.

Forward-Looking Statements

Forward-looking statements in this release include statements regarding the Company's projections regarding biodiesel, biofuels 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.

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