GreenGold Energies (Symbol: GRYE) Moves Business Headquarters Closer to Its Jatropha Oil Refinery Site

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Mon Jun 1, 2009 11:10am EDT 

  CAGAYAN DE ORO, PHILIPPINES, Jun 01 (MARKET WIRE) -- 
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) "Fueling the Future" --
Today the company is moving its business and corporate headquarters
closer to its jatropha oil refinery site in Nasipit Harbor and Demo
Jatropha Farm in Agusan Del Norte. The company expects the move and
transition to take place within 30 days. GreenGold Ray Energies brings
together to serve as one of the large jatropha growers and producer of
the crude oil and refined jatropha oils combined.

    This processing plant is a good combination of equipments for a small
scale biodiesel conversion plant that can produce 1,500,000 gallons of
good quality biodiesel per year. It is very ideal for an initial
2,400-acre jatropha plantation. By adding more equipment units, this
biodiesel conversion plant can be expandable up to more than 10 million
gallons per year capacity.

     Chief Executive Officer Manolo Tecson said, "We are very thrilled that
our jatropha farms have been growing robustly and exponentially; the
company continues to give this golden opportunity of livelihood to all
our local jatropha growers to become suppliers of the world of a
sustainable green biofuel. GRYE had expanded and increased its jatropha
plantations to about 30,000 hectares in Mindanao!"

    About GreenGold Ray Energies Inc.

    GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly growing
biodiesel, green technology, environmental friendly and alternative energy
company. The Company has already solidified its position through a highly
successful land acquisition program, acquiring large parcels of land ideal
for the cultivation of the jatropha plant. Jatropha curcas grows almost
anywhere, even on gravelly, sandy and saline soils. Jatropha oil can be
processed to produce a high-quality biodiesel that can be used in a
standard diesel car, while the residue can also be processed into biomass
to power electricity plants.

    Forward-Looking Statements

    Forward-looking statements in this release include statements regarding
the Company's projections regarding biodiesel, biofuel other alternative
energy explorations and extractions in future periods. Penny Stocks are
highly speculative and may be unsuitable for all but very aggressive
investors. The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

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CONTACT:
Investor Relations:
Carlos Reyes
Phone: 361-288-7349
E-mail: Email Contact
URL: www.greengoldenergies.com

Copyright 2009, Market Wire, All rights reserved.

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