Amelot Holdings, Inc. Submits Barbados Program Proposal

CHEYENNE, Wyo., Aug. 5, 2008 (PRIME NEWSWIRE) -- Amelot Oil Inc., a wholly-owned
subsidiary of Amelot Holdings, Inc. (Pink Sheets:AMHD), is pleased to announce
that the draft proposal for the St. Thomas Parish Ambassador's Program has been
officially submitted.

Amelot Oil's proposal to focus on securing cooking oil for biodiesel production
in the parish of St. Thomas has been submitted and is currently under review by
the Parish Project's committee members. The official proposal breaks down
Amelot's plan to collect, recycle, and redistribute the Island's used cooking
oil, converting the yellow oil into biodiesel fuel. Committee members will be
meeting to review and vote on the proposal in the coming weeks.

In further company news, Amelot Oil is pleased to announce that its new
biodiesel processor cleared customs last Friday. Gregory Hawkins, Business
Development Manager for Amelot Oil, arrived in Barbados on Saturday to assist
with the official start up of operations. The equipment is now set up for trial
runs, and biodiesel production will begin today.

"This is a big step for the Barbados Project," stated Aziz Hirji, President of
Amelot Holdings, Inc. "Our plan is to get the St. Thomas Parish project up and
running smoothly so it can serve our business model. The goal is to expand our
collection system to every parish on the island. We are all very excited about
the trial runs getting underway. The sooner we can work out all the kinks, the
sooner Amelot Oil can begin to play a major role in the island's Green
Initiative."

About Amelot Holdings, Inc.:

Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded
company, is a diversified holding company that has identified biodiesel as a $20
billion emerging market. Amelot plans to have a significant market share in
growing low cost feedstocks to supply the growing demand for biodiesel, to
reduce energy dependency of fossil fuels, to help reduce the U.S. dependency on
foreign oil supplies and reduce the impact of energy on our environment.

The Amelot Holdings, Inc. logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=2149

Statements in this press release that are not historical facts are
forward-looking statements within the meaning of the Securities Act of 1933, as
amended. Those statements include statements regarding the intent, belief or
current expectations of the Company and its management. Such statements reflect
management's current views, are based on certain assumptions and involve risks
and uncertainties. Actual results, events, or performance may differ materially
from the above forward-looking statements due to a number of important factors,
and will be dependent upon a variety of factors, including, but not limited to,
our ability to obtain additional financing and access funds from our existing
financing arrangements that will allow us to continue our current and future
operations and whether demand for our products and services in domestic and
international markets will continue to expand. The Company undertakes no
obligation to publicly update these forward-looking statements to reflect events
or circumstances that occur after the date hereof or to reflect any change in
the Company's expectations with regard to these forward-looking statements.

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CONTACT: Amelot Holdings, Inc.
John Gernannt
478-254-4138
www.amelotholdings.com
theopeningbell@cox.net