Kender Energy Signs Major Milestone Agreement With Inversiones Dagosa

  Kender Energy Inc. (PINKSHEETS: KNDR) is pleased to
announce that it has signed a major milestone agreement with Inversiones
Dagosa SL of Spain, a world leader in alternative energy.

Inversiones Dagosa SL is a significant multi-national alternative energy company based in Madrid, Spain, with established operations in wind farming and solar energy. Over the next years, Ibereolica plans to roll out multiple solar energy generation plants, taking advantage of the excellent conditions in Spain and Mexico for such projects.

The pre-sale agreement details terms that grant Ibereolica an exclusive license right to promote, install and manage solar energy plants in Spain and Mexico, using the Kender Energy solar system, for a period of 20 years.

The Kender Energy Solar system is a system, which allows, via a closed circuit of gas (usually helium) to create a heat exchange with the sun and the air from the environment. The exchange generates the spinning of the gas in the closed circuit, propelling a turbine, which produces electricity in a 100% clean and renewable process. This energy can then be sold back to the grid, at a cost -- both financial and environmental -- that is substantially below that of existing technologies.

The agreement represents a significant breakthrough for Kender Energy Inc. The collaboration with Ibereolica will accelerate the process leading to production of fully operational solar energy units utilizing the Kender Energy system.

Inversiones Dagosa is the investment arm of Ibereolica, founded in 1999, is an established provider of wind energy. Its three wind farms in Zamora and its share in Parque Eolico El Moral are forecast to produce 300 million kWh of electricity in 2009, and Ibereolica has a further 800MW in promotion in Spain and overseas. In Solar energy, Ibereolica has 14 power plants of 50MW each under permitting. To develop its presence in solar energy, Ibereolica has undertaken an extensive search for appropriate technologies, which can be a complement to their existing technologies.

About Kender Energy Inc.:

Kender Energy Inc. is a development phase company active in the field of solar energy. Its present prototypes of solar panels are being developed into a full-scale solar energy production system. The particularity of the Kender solar panel system and technology is to allow, via a closed circuit of gas (usually helium), to create a heat exchange with the sunlight and the air from the environment. The exchange generates the spinning of the helium gas in the closed circuit, propelling a turbine, which produces electricity in a 100% clean and renewable process. The system's main advantages are that it is efficient, cheap in production, and modular. The company is based near Geneva, Switzerland. Its Website is www.kendersolar.com.

Safe Harbor Statement

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

For more info. contact: Annex Investor Relations Services [e-mail] [phone] Kender Energy Inc. Sean Kelly President (41) 22 700 7648 [e-mail]