SOURCE: GreenGold Ray Energies, Inc.

GreenGold Ray Energies, Inc.

November 11, 2010 08:00 ET

GreenGold Ray Energies to Benefit From Europe's Bio-Diesel Inceased Demand

CORPUS CHRISTI, TX--(Marketwire - November 11, 2010) - GreenGold Ray Energies (PINKSHEETS: GRYE) announced today that due to the increase target by the European Union of 10% of fuel sold at the pump be bio-diesel by 2020, the company will expedite its land acquisition. 

According to GreenGold Ray Energies, the current bio-diesel production does not meet the world demands and therefore, the company has decided to accelerate the working alliances, partnerships and acquisition of additional lands to cultivate and harvest Jatropha; expects to add another 200,000 acres by 2012. 

"We are not surprised by the announcements by the the EU to increase the use of bio-diesel as it is mostly the case everywhere," said Manolo Tecson, CEO of GreenGold Ray Energies Inc. "These new measures only provide additional comfort to our stakeholders, and shareholders," further added Mr. Tecson.

About GreenGold Ray Energies

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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