Alchemy Enterprises Acquires Electric Power Cell Technology and Enters Into the $13 Billion Alternative Energy Industry.

PHOENIX -- Alchemy Enterprises, Ltd. (OTCBB:ACHM) announced today that it has acquired and owns intellectual property on a new electric battery technology for generating and managing power, electricity and propulsion systems, known as Electric Power Cell Technology ("EPCT").

Working in a research and development partnership with NASA's Jet Propulsion Laboratories and utilizing this technology as a new power source, the Company believes that the technology may be developed to provide electrical energy for many different applications.

Jonathan R. Read, President and CEO of Alchemy Enterprises stated, "We have acquired what we believe to be a paradigm shifting technology for the alternative energy industry. Economic, ecologic, and geopolitical realities dictate our need to move away from petroleum as a primary energy source. Our EPCT is believed to provide an economical, safe, clean, renewable, and practical solution to these needs. Alchemy is now, along with NASA/JPL, fully developing the technology and commencing negotiations for immediate application in the transportation and energy storage industries."

Mr. Read continued, "The market applications for this product are significant, and include powering motor vehicles and homes. The U.S. Government is aggressively promoting new alternative energy technology growth. Alchemy Enterprises believes it has a technology that it will improve upon existing gasoline powered systems and is positioning itself to become a leader in this multi-billion dollar industry. This leadership role equates to phenomenal growth and earnings potential for the Company."

This proprietary electric power cell works by pumping an electrolytic liquid, consisting of common base earth metal and salt water, into the power cell, where catalyzed by air it dynamically exchanges electrons generating electricity. The electricity is then used to power an engine or other propulsion device. When the electrolytic liquid is spent, it only takes minutes to pump the liquid out of the power cell into a storage tank. In the storage tank, the liquid is electrically charged and revitalized within hours, ready to be pumped back into another electric power cell for re-use. This process makes the electric power cell a clean, environmentally friendly, re-usable source for electric power and fuel.

About Alchemy Enterprises, Ltd.

Alchemy Enterprises, Ltd. is an alternative energy company that is developing a new electric power cell technology that it believes will generate and manage electricity to power a broad range of applications, from every day vehicles such as buses, trucks, trains and cars to alternative power supply stations to power homes. Working in a research and develop partnership with NASA's Jet Propulsion Laboratories, the patent-pending electric power cell technology is believed to be a clean, environmentally friendly, re-usable source for electric power and fuel.

For additional information please visit: www.alchemy-energy.com.

Forward Looking Statement

This release contains forward-looking statements 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.