SOURCE: PetroSun, Inc.

October 14, 2008 13:35 ET

PetroSun and Shanghai Jun Ya Yan Report on Site Inspections and Meetings Held in China

SCOTTSDALE, AZ--(Marketwire - October 14, 2008) - PetroSun, Inc. (PINKSHEETS: PSUD) is pleased to announce the results of the recent meetings held in China with our partner Shanghai Jun Ya Yan Technology Development Co, Ltd and regional authorities.

The Joint Venture visited potential algae farm system sites in YanCheng, Xiangshui County and New Zone Cixi, Zhejiang. The locations inspected meet all of the requirements for large scale commercial production of algae, biofuel processing and access to multiple markets. Shanghai Jun Ya Yan will represent the Joint Venture in the final negotiations with representatives of the aforementioned Economic Development Zones.

Meetings held at the Ocean University of China with the Qingdao National Laboratory for Marine Science and Technology provided a pathway to collaboration between PetroSun China and Qingdao National Laboratory. A Memorandum and Experimental Agreement will be executed between the parties to acquire a Certificate of Authority for the use of selected algae strains for commercial operations.

PetroSun China has reached an agreement to open its Shanghai office at Number 619 Hong Gu Road.

About PetroSun

PetroSun, Inc. is a diversified energy company with technology and operations in the commercialization of algae-to-biofuels, microbial enhanced oil recovery, oil and gas exploration and development and oilfield pipe and supply. For more information about PetroSun visit the company's website at www.petrosuninc.com.

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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