SOURCE: World Health Energy Holdings, Inc.

May 23, 2011 08:51 ET

World Health Energy Holdings Issues Letter to Shareholders Highlighting Development and Progress of Company's Proprietary GB3000 Algae Enhancement Technology

Creation of Advisory Board to Facilitate Infrastructure and Business Development

NEW YORK, NY--(Marketwire - May 23, 2011) - World Health Energy Holdings, Inc. (PINKSHEETS: WHEN), a public holding company operating in the alternative energy sector, released the following letter to shareholders from the management of World Health Energy:

Dear Fellow Shareholders,

I am very pleased to be able to communicate to our loyal shareholders directly and to give you an update on our progress to date.

Over the past eighteen months, management and the Board of Directors have continued with the company's organizational restructuring that has resulted in reducing overhead and, thereby, lowering our threshold to profitability.

World Health Energy recently released its first quarter report and is in full compliance with all financial reports required under the Securities Exchange Act of 1934, including the satisfactory completion of the financial audits for fiscal years 2007 through 2010. World Health Energy Holdings' fiscal year ends December 31. All filings are available on the SEC Website or can be accessed at:

http://www.otcmarkets.com/stock/WHEN/financials

World Health Energy's management team and its board of directors have appointed new members to its Advisory Board that will, over the next six to nine months, help ramp up and establish significant revenues with the goal of achieving overall profitability.

Significantly, we currently are in negotiations with a number of large organizations in the global alternative energy sector. We anticipate these negotiations to result in a number of productive joint ventures that will be very accretive to our revenues and profits.

Some of the newest projects which have been moving forward are highlighted below:

  • Letter of Intent with Prakash Anthony for a joint venture to install a 250 acre commercial algae biodiesel farm with a projected $100 million budget has progressed to a Memorandum of Understanding (MOU) with a requisite land survey completed. Management of GNE has visited the projected construction site in India and a timeline for completion of the project will be announced in the near future.
  • Agreement allowing World Health Energy to use the commercial name of GNE for a new wholly-owned subsidiary company named GNE-Croatia. WHEN has incorporated its new subsidiary, GNE-Croatia Inc., and is currently negotiating for potential joint ventures in Croatia for algae farms utilizing WHEN's licensed algae to biofuel technology (GB3000 Algae Enhancement Technology).
  • Letter of intent (LOI) with David Lobo from Deejay Coconut Farm PVT via a joint venture to build a 250-acre commercial algae farm in Bangalore, India to produce fish feed and Algal Oil. The LOI is progressing toward a definitive agreement and Mr. Lobo is due in Israel this week to finalize the MOU.
  • Letter of intent with Dr. B Shivalingaiah from SHK Energy Projects Private Limited via a joint venture to build a 250-acre commercial algae farm in Karnataka, India to produce fish feed and Algal Oil. Management of GNE has been to India recently and the LOI is progressing to a more definitive MOU to be announced in the near future.
  • World Heath Energy's Advisory Board has been established with the addition of two prominent and seasoned veterans in both the financial world and Energy sectors.

The benefits of producing biofuel with algae as a feedstock are numerous. Algae can produce up to 300 times more oil per acre than conventional crops, such as rapeseed, palms, soybeans, or jatropha. Because algae has a harvesting cycle of 1-10 days, it permits several harvests in a very short time frame versus yearly crops. Algae can also be grown on land that is not suitable for other established crops such as, arid land, land with excessively saline soil, and drought-stricken land. This minimizes the issue of taking away pieces of land from the cultivation of food crops. Significantly, algae can grow 20 to 30 times faster than food crops. And, unlike the use of corn for the production of ethanol, using algae as a feedstock has no impact on food prices.

In closing, management has continued with its reduction of its use of capital through the efficient use of outsourcing when possible and, more importantly, redirected its efforts to a more cost-effective approach in forming joint ventures.

Lastly, we would like to encourage all shareholders and interested investors to opt-in to our corporate e-mail database for corporate press releases and industry updates, by sending an e-mail to info@worldhealthenergy.com. We have a rather active press release and media schedule developing and WHEN would welcome the opportunity to keep all interested informed in a timely manner.

On behalf of all of us at World Health Energy, I thank you for your continued support of our Company. Together we believe that we can make a difference in the alternative fuel sector while building shareholder value.

Sincerely,

David Lieberman
President & CEO

About World Health Energy Holdings, Inc. http://www.worldhealthenergy.com

World Health Energy Holdings, Inc. is an emerging renewable energy and biofuel company. The company will produce, sub-license and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels with proprietary algae biofuel systems.

About GNE-India, Inc. http://gne.bz/index.html

GNE Global Natural Energy Ltd. is an algae tech company with unique systems to grow algae commercially for energy and food. The Company was founded by top experts in the plant and algae field after several years of Research and Development to create affordable and viable algae biofuel systems.

"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause World Health Energy Holdings, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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