SOURCE: GreenGold Ray Energies, Inc.

GreenGold Ray Energies, Inc.

April 21, 2009 13:02 ET

GreenGold (Symbol: GRYE) Forefront to Alternative Renewal Energy, the Biodiesel Jatropha Productions -- An Income Generating Program (IGP)

CAGAYAN DE ORO, PHILIPPINES--(Marketwire - April 21, 2009) - GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) announced that CEO Tecson highlighted the importance of continuing research and development in finding alternative sources of energy, combating foreign oil dependence and protecting biodiversity. Our world is increasingly looking to alternative renewable biofuels to meet our energy needs!

In response, the company presented its IGP (Income Generating Program), designed to tailor-fit its jatropha production activities to the Indigenous Group of People, held on April 13 to 15th Tribal Leaders Meeting, co-sponsored by the WORLDBANK. GreenGold had complemented the theme of the meeting which focused on the strengthening of the Institutional Effectiveness of the NCIP (National Commission on the Indigenous People).

IGP is a program that is designed to be mutually beneficial both for the company's increasing of biofuel jatropha feedstocks and GreenGold's helping the tribesmen in generating income. This IGP is designed to provide sustainable livelihood projects in this countryside. The majority of the indigenous people in Mindanao rendered positive constructive interaction and acceptance of GreenGold as the company and organization that can make a difference in their lives:

UPDATES. Lots of visitors wanted to visit the GreenGold Jatropha Demo-Farms, as the company's Jatropha model for everyone: visitors, shareholders, the international and local officials. The site has been ideal due to its easy access along the national highway.

1. Jatropha Demo-Farm -- Bulawan, Agusan Del Sur consists of 7 hectares of
   farmlands adding another 130 kilos of jatropha seeds for propagation
   and cultivation. Greenhouse and staff house construction is on-going.

2. Jatropha Demo-Farm -- Mawab mountains, Davao del Norte consists of 3
   hectares of farmland with jatropha seeds already planted along
   with the construction of the GreenHouse.

3. Nasipit Port Harbor Site -- One hectare of land is set for GreenGold's
   Biofuel Processing Refinery Plant Site for a purchase price of
   $210,000 USD.

4. Hijo Davao Plant Site -- Purchase price of about $20,000.00 for the
   one hectare of GreenGold's Biofuel Plant Site.

5. Biodiesel Processing & Refinery Plant -- Switzerland made 100 Million
   Gallons+ per year production capacity (the Biodiesel processing and
   refinery unit) and is in its final phase of contract negotiations.
   Comparisons of locally manufactured units are considered; GreenGold
   is considering other factors such as the durability and quality of
   imported unit.

HIGHLIGHTS:

1. GreenGold is finalizing the working alliance and partnership with Meri
   Jatropha Farms and Management Services, that has at least 500 hectares.
   The Agreement between GreenGold and Meri Jatropha Farms will be based
   on PTMA.

2. GreenGold is scheduled on April 24th to be broadcasted on the air on
   DXDA, an AM Radio Station in Caraga Region. CEO Tecson will discuss the
   IGP jatropha technology, farming and development projects with members
   of the DENR (Dept. of Natural Resources) and other local governments
   in Agusan del Sur.

3. Mayor Jose Chua of San Luis, Caraga Region invited GreenGold to help
   its community on the implementation of the IGP program.

4. All Mayors and Governors of Mindanao showed interest in GreenGold's
   Jatropha Farming and IGP Jatropha Farming program.

5. Zamboanga & Misamis Occidental presentation and meeting with the
   chieftains and Filipino Muslim Sultans is set to meet in June.

GreenGold's innovations and enhanced products allow us to unlock the potential of the jatropha plants, enabling us to do more with less, to provide livelihood to more people, and to produce more alternative green biofuel, while help decrease the carbon emission footprint and protection of our environment.

"If you believe you can, you probably can. If you believe you won't, you most assuredly won't. Belief is the ignition switch that gets you off the launching pad." Quote CEO Manolo Tecson

URL: www.GreenGoldEnergies.com

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.

Contact Information

  • CONTACT:
    Investor Relations:
    Carlos R. Reyes
    Phone: 361-288-7349
    E-mail: Email Contact