PetroSun BioFuels Engages Grupo Santa Maria for Its Algae-to-Biofuel Program in Mexico

Tuesday September 11, 12:47 pm ET

PHOENIX, AZ–(MARKET WIRE)–Sep 11, 2007 —

PetroSun, Incorporated (Other OTC:PSUD.PK – News) announced today that PetroSun BioFuels Mexico, a subsidiary of PetroSun, has completed an agreement with Grupo Santa Maria to provide consulting services for its algae-to-biofuels program in Mexico. Grupo Santa Maria and PSBF Mexico have focused their initial attention in the State of Sonora, identifying potential algae farm and extraction plant sites near Hermosillo, Guaymas and Puerto Penasco.

“Grupo Santa Maria and its management team have extensive knowledge and relationships in Mexico that will enhance the opportunity to expand our commercial operations into Mexico in the near term,” said Gordon LeBlanc, Jr., CEO of PetroSun. “The US-Mexico border region is ideally located for our algae-to-biofuel program, as it provides all of the necessary requirements for production and an expanding alternative fuels market in the US and Mexico.”

About PetroSun

PetroSun’s operations include oil and gas exploration, development and production, algae-to-algal oil alternative fuels production and oilfield services. The oil and gas division is focused on the exploration of the Canning Basin of Western Australia and the Holbrook Basin of Arizona. The Company will continue the development of oil and gas reserves in Louisiana. The alternative fuels division is in the pre-commercial stage of the algae-to-biofuels production technology. The Company plans to establish algae farms and algal oil extraction plants in Alabama, Arizona, Louisiana, California, Mexico and Australia during 2007/2008. The algal oil product will be marketed as feedstock to existing biodiesel refiners. The oilfield services division is in the process of upgrading our capabilities to support the exploration, development and production operations. PetroSun is headquartered in Scottsdale, Arizona with field offices in Shreveport, Louisiana and Opelika, Alabama. For more information about PetroSun visit the company’s website at  

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

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