Gulf Alternative Energy Announces Changes

Gulf Alternative Energy Corporation (PinkSheets:GAEC) announced today that it has appointed Kathleen Delaney to serve as its new Chairman and CEO. Ms. Delaney brings experience in management and in the practice of law to the leadership of the Company.

In addition, the company has updated its web-site and invites those interested in the Company to visit www.GulfAlternativeEnergy.com for an update on the Company. Gulf is focused on commercializing its cellulose pre-processing technology and on expanding its green technology portfolio.

Transforming cellulose to ethanol efficiently is a technical challenge that will transform the biofuels industry. Gulf Alternative Energy believes it has moved the industry much closer to economic viability with its preprocessing technology that turns non-food plant material (called biomass) into extremely small particles that can more quickly and more cheaply be turned into ethanol.

About Gulf Alternative Energy Corporation

Gulf Alternative Energy is an alternative energy company focused on the development of the alternative energy industry with a particular emphasis on Texas and the Gulf Coast.

For more information, visit www.gulfalternativeenergy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.