[CitizensTruth] First Algae Biodiesel Plant Goes Online: April

[Daniel Stafford]

Now, this is progress in biofuels. Soybeans & corn! Ptooey!

http://biz.yahoo.com/iw/080324/0378475.html?printer=1

*Press Release* 	Source: PetroSun, Inc.

PetroSun Issues Algae-to-Biofuels Corporate Updates
Monday March 24, 10:48 am ET

SCOTTSDALE, AZ--(MARKET WIRE)--Mar 24, 2008 -- PetroSun, Inc (Other 
OTC:PSUD.PK <http://finance.yahoo.com/q?s=psud.pk> - News 
<http://finance.yahoo.com/q/h?s=psud.pk>) announced today the following 
corporate updates.

The Rio Hondo, Texas algae farm will commence operations on April 1, 
2008 as PetroSun's initial commercial algae-to-biofuels facility. The 
current algae farm consists of 1,100 acres of saltwater ponds that the 
Company projects will produce a minimum of 4.4 million gallons of algal 
oil and 110 million pounds of biomass on an annual basis. The Company 
has dedicated 20 acres of ponds for a proposed algae derived JP8 jet 
fuel research and development program.

The Rio Hondo algae farm will be expanded in the future to provide the 
feedstock required by present or proposed company owned or joint 
ventured biodiesel and ethanol refineries. The Company plans to 
construct or acquire additional plants in the Gulf Coast region that are 
reachable via barge up the Mississippi River and its tributaries 
including the Red River. The previously announced Bridgeport, Alabama 
refinery will receive algal oil feedstock from this distribution program.

"Our business model has been focused on proving the commercial 
feasibility of the firms' algae-to-biofuels technology during the past 
eighteen months," stated Gordon LeBlanc, Jr., CEO of PetroSun. "Whether 
we have arrived at this point in time by a superior technological 
approach, sheer luck or a redneck can-do attitude, the fact remains that 
microalgae can outperform the current feedstocks utilized for conversion 
to biodiesel and ethanol, yet do not impact the consumable food markets 
or fresh water resources."

About PetroSun

PetroSun's operations include oil and gas exploration, development and 
production and algae-to-algal oil alternative fuels production. The oil 
and gas division is focused on the exploration of the Holbrook Basin of 
Arizona, the San Juan Basin of New Mexico and Australian based 
prospects. The Company will continue the development of oil and gas 
reserves in Louisiana. The alternative fuels division has entered the 
commercial stage of its algae-to-biofuels production technology. The 
Company plans to establish algae farms and algal oil extraction plants 
in Alabama, Arizona, Louisiana, Mexico, Brazil and Australia during 
2008. The algal oil product will be marketed as feedstock to existing 
biodiesel refiners and planned company owned refineries. PetroSun is 
headquartered in Scottsdale, Arizona with field offices in Shreveport, 
Louisiana and Rio Hondo, Texas. For more information about PetroSun 
visit the company's website at www.petrosuninc.com 
<http://www.petrosuninc.com>.

Except historical matter contained herein, matters discussed in this 
news release are forward-looking statements and are made pursuant to the 
safe harbor provision of the Private Securities Litigation Reform Act of 
1995. These forward-looking statements reflect assumptions and involve 
risks and uncertainties, which may affect the Company's business and 
prospects and cause actual results to differ materially from these 
forward-looking statements.


/Contact:/

     Contact:
     Investor Relations
     Jim LeCrone
     480-425-4291
     Email Contact <http://www2.marketwire.com/mw/emailprcntct?id=1B038CF8B6A0B966>
      

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Source: PetroSun, Inc.
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