SOURCE: Neptune Industries, Inc.

April 11, 2007 08:00 ET

Neptune Industries, Inc. Announces New Appointment to Board of Directors

BOCA RATON, FL -- (MARKET WIRE) -- April 11, 2007 -- Neptune Industries, Inc. (OTCBB: NPDI) announced today that Mr. William Ryan has accepted the position of board member on the Company's Board of Directors. Mr. Ryan will be replacing Dr. Gregory Lewbart, who has resigned from the Board to serve on the newly formed Advisory Board.

Mr. Ernest Papadoyianis, Chairman, stated, "Neptune is very pleased to have Mr. Ryan join our Board of Directors. Mr. Ryan is currently President of Ryan Incorporated South, which was recently ranked in the top 100 specialty contractors for its work in land development. Mr. Ryan founded and is CEO of Ryangolf, Inc. and Bryant Midwest. He also serves as managing partner of Altsource USA and Bridgeview Estates Development Corp. His association with Neptune Industries began several years ago when one of Mr. Ryan's companies and Neptune Industries, Inc. successfully undertook a joint venture aquaculture project in Florida. Mr. Ryan's experience in mining will play an important role in future applications of our Patent Pending Aqua Sphere™ technology. Mr. Ryan also holds an MBA from the University of Miami."

Based in Boca Raton, Florida, Neptune Industries, Inc. has developed scalable, modular aquaculture technologies called Aqua-Sphere™ and Aqua-Cell™ that successfully address the environmental concerns of most aquaculture operations by controlling and recycling all waste products, while insuring the production of the highest quality fish at an affordable price. The company currently operates the Blue Heron Aqua Farms in Florida City, FL and is a leading producer of hybrid striped bass, which it markets internationally as Everglades Striped Bass™. The company's current production at its Blue Heron farm, and future production with Aqua-Sphere™ System technology are intended to target the organic market as soon as organic certification of farm-raised seafood becomes available. The Company is also in development of an advanced dietary nutritional component called Ento-Protein™. Ento-Protein™ is a high quality sustainable protein derived from insects, and is intended to be a replacement for the scarce fish meal now used in fish and animal diets. For further information, please visit the Company's website at:

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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