SOURCE: PetroSun, Inc.

March 27, 2007 06:00 ET

PetroSun Announces Formation of AL-G-BAMA

PHOENIX, AZ -- (MARKET WIRE) -- March 27, 2007 -- PetroSun, Incorporated (PINKSHEETS: PSUD) announced today that the Company has filed the Articles of Incorporation for AL-G-BAMA, Incorporated with the State of Alabama. The Company was formed as the result of recent meetings with officials from the State of Alabama, Auburn University and private interests regarding the cultivation of algae for the purpose of biofuel and animal feed production within the state. PetroSun holds an eighty percent equity position in AL-G-BAMA with the balance held by private parties from Alabama.

The initial pilot plant will be located in Opelika, Alabama. The purpose of this facility is to test both open and closed algae growth systems for commercial viability. The Company will also test extraction and refining technology from several manufacturers during the field trials.

Algae BioFuels, a PetroSun wholly owned subsidiary, will license technology to AL-G-BAMA and joint operate the facility with the other equity partners.

About PetroSun

PetroSun's current oil and gas operations are concentrated in the Ark-La-Tex region with plans to expand into New Mexico, Arizona and Australia in 2007. Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer of biodiesel derived from the cultivation of algae. The Company's cutting edge technologies, combined with a proven ability to apply them effectively and safely within a disciplined framework, create long term value for PetroSun shareholders and partners. PetroSun is headquartered in Phoenix, Arizona with field offices in Shreveport, Louisiana and Opelika, Alabama. For more information about PetroSun visit the company's website at

Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

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