GreenGold Ray Energies Projects Profitability -- Pure Jatropha Oil Biodiesel = $178,830,017.51; Submits Five (5) Year Profit & L

  GreenGold Ray Energies, Inc.
(PINKSHEETS: GRYE) announces the projected increasing profitability of pure
Biodiesel Jatropha Oil from the jatropha feedstock. The link below is the
5-year P & L Statement, a summary of the 5 years' projection, utilizing the
100% use of the jatropha plants as biodiesel oil, as press cake and as
residual use, like fertilizer. Studies also showed that there is an even
larger market not only for pure refined biodiesel oil, but also seedcakes,
biomass and more. GreenGold is witnessing the increased profit, market
size, new streams of revenue, and greater returns on shareholders'
investment with the GRYE.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=22374

The 5-year Profit & Loss Statements on pure Biodiesel Jatropha Oil from the 1,000 hectares of jatropha plantations, starting in 2010 until 2014, projected profits during the first full year of pure oil refining operation. The P & L showed an almost more than doubled increase of profits in the 2nd year thereafter: Each year Net Profits of $4,131,475.13 (1st year); $21,069,600.05 (2nd year); $38,198,072.05 (3th year); $115,024,823.23 (4th year); and $178,830,017.51 (5th year). This report showed a very conservative estimate of a Loss from the first year. Please note that a basic formula is to multiply each year's estimated profit figure by 5 (the factor for the 5,000 hectares currently owned by GRYE). The factor 5 represents the total # of jatropha plantations producing the feedstocks. GRYE is expecting its jatropha plantations to increase to over 10,000 hectares should be ready for harvest after 2010.

Table 2. Prices of Jatropha Biodiesel Projections:

                  Jatropha Biodiesel Price    Jatropha JCO Price
Marketing Year       Projection, P/MT          Projection, $/MT
--------------    ------------------------    -----------------
     2010                 $904.00                    $850
     2011               $1,277.00                  $1,200
     2012               $1,750.00                  $1,500
     2013               $2,250.00                  $1,800
     2014               $2,500.00                  $2,000
--------------    ------------------------    -----------------
Conversion Rate      Estimated @ 40
of US$ / Pesos        Pesos = $1.00

We based our prices on the current US market prices (see the table above) and plan the gradual price decrease as our sales grow. In the Philippines, the demand for biodiesel had increased with the signing of RA 9367, which mandated an immediate blending of a minimum of 1% biodiesel in all diesel fuels sold in the country. The 1% minimum blend entailed an estimated average demand of about 78 million liters in 2007. The estimated biodiesel demand will be about 167 million liters by 2010 for a 2% blend. This will increase to 418 million liters for a 5% blend.

Biodiesel from jatrophas is a clear liquid, without unpleasant odor or handling characteristics. It's virtually of the same viscosity as mineral fossil diesel oil. Biodiesel fuel alone, or in combination with petroleum diesel fuel (blends B1, B2, B5, B20, etc, where the number represents the biodiesel percentage), can be used in most diesel engines and jet planes, with minor or no engine modification. The majority of US consumption is of the B20 or a 20% blend type of biodiesel and B2 or a 2% blend of biodiesel in the Philippines.

                          Equivalent Feedstock   Equivalent Area for
                           Volume (MT)             Production (Has)
              Demand (M   --------------------   --------------------
Blend   Year   liters)    Coconut     Jatropha   Coconut     Jatropha
-----   ----  ---------   -------     --------   -------     --------
1%      2007     78       123,810      260,000   121,382       52,000
2%      2010    173       274,603      576,667   269,219      115,333
        2015    209       331,746      696,667   325,241      139,333

Source: DOE (Dept. of Energy)

Biodiesel Production Costs: The other biodiesel production costs are costs of chemicals and energy: 1 gallon of oil plus 0.254 gallon of methanol plus 0.005 gallon of KOH (Potassium Hydro-Oxide). Prices for feedstock were explained above and from the table below the costs of chemicals and energy. Other costs were included and explained in income statement.

Table 3. Costs per METRIC TON calculation, In U.S. dollar

                        Quantity required per     Price per    Cost per
#  Name                 Metric Ton of biodiesel     unit      Metric Ton
-  ----                 -----------------------   ---------   ----------
1  Methanol 99.9%       33 liters                 $650        $60
-  ----                 -----------------------   ---------   ----------
2  Catalyst and Resin   10 liters                 $4,761.90   $23
-  ----                 -----------------------   ---------   ----------
   Total Chemicals                                            $83
-  ----                 -----------------------   ---------   ----------
3  Electricity          0.15                      $0.12       $0.02
-  ----                 -----------------------   ---------   ----------
   Total, chemicals and energy per metric ton    of biodiesel $330

GreenGold Ray Energies can make the company profitable within 6 to 12 months after the commencement of the full refining operation. The installation, development and trouble-shooting period is estimated to take place within 3-6 months.

About GreenGold Ray Energies Inc.

GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly growing biodiesel, green technology, environmentally friendly and alternative-renewable energy company. The Company has already solidified its position through a highly successful land acquisition program, acquiring large parcels of land through working alliances and joint venture partnership with landowners and growers, ideal for the cultivation of the jatropha curcas 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, biofuels 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.

CONTACT: Investor Relations: Jay Henry Phone: [phone] ext 1 E-mail: Email Contact URL: www.greengoldenergies.com