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GreenGold Ray Energies, Inc.: GreenGold Energies (Symbol: GRYE) Moves Business Headquarters Closer to Its Jatropha Oil Refinery

^{Published on 2009-06-01 08:16:01, Last Modified on 2009-06-01 08:16:50 - Market Wire}
 

CAGAYAN DE ORO, PHILIPPINES--(Marketwire - June 1, 2009) - 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.