Planet Resource Recovery, Inc. Significantly Increases Oil Production in Austin Chalk Formation Oil Well with PetroLuxus(TM) MMM

  
    
  
  
    
      Planet Resource Recovery, Inc. (Pink Sheets:PRRY), is pleased to 
      announce a significant increase of oil production of an isolated well in 
      the Austin Chalk formation. This oil well treatment marks the first 
      accurate daily measurement of the effectiveness of PetroLuxus™ 
      MMMF
    
    
      Planet Resource Recovery, Inc. commenced working with an AMEX listed oil 
      production company in January 2008, with the goal to treat a series of 
      wells to increase oil production with its down hole treatment product - 
      PetroLuxus™ MMMF. The company’s 
      wells are in the Austin Chalk formation in Texas. The selected primary 
      oil well treatment had dramatically declined in production since being 
      brought back online in September of 2007. This well’s 
      oil production had slipped in production from over 750 barrels oil per 
      month to less than 85 barrels of oil per month. The first PetroLuxus™ 
      MMMF treatment was performed in February 2008. Improved results were 
      realized within two weeks, which was extremely encouraging as porosity 
      in the Austin Chalk is some of the lowest in any formation. Oil 
      production at the primary treated well for February and March 2008 has 
      been significantly improved with over 285 and 287 barrels, respectfully, 
      of oil for each month, and through April 21, 2008 the well has continued 
      to average about ten barrels of oil per day. Since the PetroLuxus™ 
      MMMF treatment, oil production has been revitalized and improved 
      equipment efficiency has been realized, allowing for less down time due 
      to equipment failure.
    
    
      Planet Resource Recovery, Inc. continues to work with Oil and Gas 
      companies in the area and will continue to monitor PetroLuxus™ 
      MMMF’s effectiveness in the field to validate 
      the product’s efficacy for Oil and Gas 
      production.
    
    
      About Planet Resource Recovery, Inc.
    
    
      Planet Resource Recovery, Inc. is the developer, manufacturer and 
      marketer of the PetroLuxus(TM) family of products, a proprietary 
      environmentally friendly chemical compound that dislodges oil in 
      practically all natural and man-made environments. The PetroLuxus(TM) 
      family of products are effective and efficient solutions for the 
      remediation and recovery of petroleum-based products. PetroLuxus(TM) 
      applications include Enhanced Oil Recovery, Oil Sands, oil spills, oil 
      tank farm cleaning, marine ship cleaning, remediation of oil sludge 
      pits, treatment of raw fuel feedstocks, waste oil segregation and 
      biodiesel, to name a few. Through the acquisition and formation of 
      wholly owned subsidiaries, Planet Resource Recovery, Inc. deploys the 
      PetroLuxus(TM) products. Oil Recovery Ventures, Inc. deploys 
      PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery 
      market.
    
    
      For an audio/visual demonstration of PetroLuxus(TM), click on the link http://www.planetresource.net/index-21.html.
    
    
      For more information visit: http://www.planetresource.net 
      or http://www.petroluxus.com.
    
    
      Safe Harbor Statement
    
    
      Certain statements in this release are "forward-looking" statements as 
      defined in the Private Securities Litigation Reform Act of 1995. Such 
      statements are subject to numerous risks and uncertainties. Actual 
      results may vary significantly from the results expressed or implied in 
      such statements. Factors that could cause actual results to materially 
      differ from forward-looking statements include, but are not limited to, 
      the Company's ability to meet the terms and conditions required to 
      obtain its project financing, risks and delays associated with product 
      development, risk of market acceptance of new products, risk of 
      technology or product obsolescence, competitive risks, reliance on 
      development partners and the need for additional capital.