Outlook Resources Inc.

Outlook Resources Inc.

August 24, 2009 13:05 ET

Outlook Resources Inc. Launches Updated Website www.outlookresources.com

TORONTO, ONTARIO--(Marketwire - Aug. 24, 2009) - Outlook Resources Inc. ("Outlook" or the "Company") (TSX VENTURE:OLR) is pleased to announce that its updated website, www.outlookresources.com is now live. According to Outlook CEO Errol Farr "The new Outlook site links our Agassiz aquaculture operation and our sustainable organic fertilizer project. Cultivated fish is becoming the world's largest source of protein and sustainable agriculture is on the forefront of carbon management technologies. Outlook Resources uniquely blends these opportunities in its Bio Resources strategy".

Fish farming has experienced a compound growth rate of 8.8% since 1985 and accounts for one third of all aquatic harvest by weight according to the American Institute of Biological Sciences. Additionally, according to BioScience Magazine, cultivated fish will be the fastest growing source of food on the planet until 2025. Outlook plans to expand its existing Arctic char farming operations just north of Winnipeg to take advantage of the significant demand for high quality fish protein. Outlook has developed a three stage program for its fish farming operation. The first step will optimize existing production with incremental capital expenditures. Overlapping this initiative, the Company plans to increase tank capacity with modest capital expenditures resulting in increased fish population. Finally, the existing operation will be cloned, either in situ or at another location. The salmonid species of fish including Arctic char, trout, steelhead whitefish and salmon represents a substantial, high quality and growing portion of the North American fish market.

Outlook's 160 acre fish farming site is also a prime site for an organic fertilizer project. Not only does the site have the land and existing infrastructure, the fertilizer project can use the fish farming by products and other locally available organic materials as ingredients for the organic fertilizer based technology from ERTH Solutions, Inc., ("ERTH Solutions") of Longmont, Colorado.

ERTH Solutions produces and markets low carbon footprint proprietary sustainable fertility products in the rapidly growing natural and organic fertilizer segment. Today, Fortune 500 companies are moving to support the sustainability movement and disclose their carbon footprints. ERTH Solutions is at the forefront of this movement and is working with sustainability leaders to use ERTH Solutions technologies to meet sustainability targets. ERTH Solutions has created a line of unique, earth-friendly products that harness the power of natural microbes and enzymes to fertilize agricultural lands, producing greener harvests in a sustainable and cost effective manner, replacing conventional petroleum based fertilizers. ERTH Solutions plans to expand its pilot plant in a suburb of Denver Colorado to satisfy the backlog of customer demand for the product and expand its product testing and market development programs.

ERTH Solutions' low-carbon fertilizer products "help grow sustainable food without the premium price tag," says ERTH Solutions Chief Science Officer Scott Dyer. "Our products are a critical part of a system for sustainable closed-loop secure food systems." ERTH Solutions technology provides a platform for low-carbon crops so farmers can decrease their greenhouse gas emissions without compromising yield.

According to the Rodale Institute's recent report on Regenerative Farming in the 21st Century, " agricultural carbon sequestration has the potential to substantially mitigate global warming impacts. When using biologically based regenerative practices, this dramatic benefit can be accomplished with no decrease in yields or farmer profits. Even though climate and soil type affect sequestration capacities, these multiple research efforts verify that regenerative agriculture, if practiced on the planet's 3.5 billion tillable acres, could sequester up to 40 percent of current CO2 emissions".

ERTH Solutions CEO, Justin Eisenach points to Walmart's recent announcement of a Sustainable Products Index as a breakthrough for producers of sustainable products. "Walmart believes its index will measure sustainability of products for the first time and lead to disclosing carbon footprint as a standard business practice. ERTH Solutions products and systems provide food producers the tools they need to compete in the emerging low-carbon economy and to respond to their customer supplier requirements such as the Walmart Sustainability Index".

On June 8, 2009, ERTH Solutions was selected for the 2009 Best of Longmont Award in the Environmental & Ecological Services category by the U.S. Commerce Association (USCA). The USCA "Best of Local Business" Award Program recognizes outstanding businesses throughout the United States that they believe have achieved exceptional marketing success locally in their business category.

Outlook Resources Inc. currently owns 7% of ERTH Solutions and has a binding agreement to acquire a further 20% interest in ERTH Solutions and an option to acquire the balance under terms disclosed in its press release dated May 20, 2009.

The statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, the demand for the Company's products, the availability of funding, and the anticipated costs of construction and operation. These forward-looking statements are made as of the date hereof and Outlook does not assume any obligation to update or revise them to reflect new events or circumstances, except as required by law. Actual events or results could differ materially from the expectations and projections.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information