Carbon Jungle's Subsidiary Cobal-USA Alternative Fuels Receives Agreement to Convert...

Carbon Jungle's Subsidiary Cobal-USA Alternative Fuels Receives Agreement to Convert 1000 Tons Per Day of Municipal Solid Waste into Alternative Fuels and a LOI from Mayor in Uganda, Africa

NEWPORT BEACH, Calif.--(Business Wire)--
Carbon Jungle, Inc. (Pink Sheets:CBJG) announced today that its
wholly owned subsidiary waste-to-fuel company, Cobal-USA Alternative
Fuels, LLC, received a Pre-Agreement from Dag & Bragan Ltd. for
processing 1000 Tons per day of MSW (Municipal Solid Waste)
accompanied with a letter of interest from the Mayor of Kampala City
in Uganda, Africa.

In order to process this waste, Cobal USA will form a joint
venture with W2 Energy, Inc. (www.w2energy.com) to build and operate
this waste-to-energy plant. W2 Energy will build a plasma reactor and
gas-to-liquid conversion system which will convert the 1000 tons per
day of MSW into 52,000 gallons daily of Ultra Low Sulfur Diesel and 50
MWh continuous of clean electricity. The project estimated sales may
exceed $82 million per year.

Jorge Reyes, Director of Research and Development and one of the
founders of Cobal-USA, stated, "This is a great opportunity for both
Cobal and W2 Energy. Cobal is extending the reach of our
waste-to-energy development work, and W2 Energy is extending the
global reach of its technology. It's a win/win," says Mr. Reyes. "This
project will create new jobs, increase the local economy, giving a
complete and final solution for the MSW while producing clean fuel and
energy."

Petr Lisa, President of Cobal-USA, Inc., stated, "This agreement
in Africa is a direct result of Carbon Jungle's international presence
and further solidifies the decision to be acquired by Carbon Jungle."
Mr. Lisa later stated, "If Kampala City, Uganda can convert
waste-to-energy with the help of Cobal-USA, it is a wake up call for
the rest of the World to match the African's efforts and there is no
doubt that Carbon Jungle's marketing efforts will help us acquire more
customers."

Mike McLaren, CEO of W2 Energy, stated, "This is such an exciting
project. Cobal-USA not only sees the future, they are helping to
create the future. W2 Energy's cutting-edge technologies fit perfectly
with the development expertise of Cobal-USA."

About Carbon Jungle Inc.

Carbon Jungle, Inc. (Website www.carbonjungle.com) is a
California-based company quoted on the Pink Sheets: CBJG.PK. Carbon
Jungle's mission is to relieve the stresses that the human race has
placed on its global ecosystem. Carbon Jungle is an owner of land in
Cambodia reserved for growing hundreds of thousands of trees.
Additionally, Carbon Jungle has invested in the spiritual docudrama
feature film "Living Luminaries" www.LivingLuminaries.tv.

About Cobal-USA Alternative Fuels a wholly owned subsidiary of
Carbon Jungle

Cobal-USA (www.cobal-usa.com) develops waste-to-fuel projects
converting materials such as MSW("municipal solid waste"), waste coal
(culm), coal, anthrocyte, scrap tires, biomass, dried sludge, and
other carbon based non-metal and silicate materials into synthetic
diesel or electricity.

About W2 Energy Inc.

W2 Energy (www.w2energy.com) is a growing, publicly traded company
(Pink Sheets:WTWO) which builds cutting edge biomass-to-energy plants.
W2 Energy's plasma assisted gasifiers and gas-to-liquid reactors
produce liquid fuels (sulfur free diesel and other liquid fuels) and
green electricity with the highest energy and cost efficiencies in the
world.

Safe Harbor: This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 27E of the Securities Exchange Act of 1934. Statements
contained in this release that are not historical facts may be deemed
to be forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected or
suggested herein due to certain risks and uncertainties, including,
without limitation, the ability to obtain financing and regulatory and
shareholder approval for anticipated actions.

Greenhouse Group, Inc.
Investor Relations
Bo Linton, 310-227-1772
Fax: 310-844-7800
infogreenhousegroup@gmail.com

Copyright Business Wire 2008