Gulf Alternative Energy Enters Strategic Expansion

Gulf Alternative Energy Corporation (PinkSheets: GAEC) announced today that it is expanding its strategic development to other forms of alternative energy beyond its ethanol pre-processing technology. Since the Company has completed initial development of its ethanol feedstock processing equipment, it is now exploring additional alternative energy projects to add value to its operations.

Following its recent name change to Gulf Alternative Energy Corp. and reverse stock split, the Company feels it will benefit its shareholders to identify additional technologies to generate alternative energy. The Company has begun talking to technology developers to determine which technology it will pursue next and expects to make this determination in the next 30 days.

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.gulfethanolcorp.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.