AlgoDyne Ethanol Signs Letter of Intent to Purchase Agricultural Land in Saskatchewan to Grow Crops for Ethanol Production.

LAS VEGAS -- AlgoDyne Ethanol Energy Inc. ('AlgoDyne' or the 'Company') (OTCBB:ADYN) is pleased to announce that the Company has signed a Letter of Intent to acquire approx. 800 acres of agricultural land in Saskatchewan. It is the Company's intent to grow crops to supply the ever increasing demand for ethanol.

Ethanol has become a new economic engine for rural Saskatchewan as the world goes green as turns to alternative fuel sources. Saskatchewan's farmers have had to rely exclusively on producing grain and oilseeds for a depressed commodity market and now they have entirely new options.

In a recent National Post article they state, "OExploding demand for corn and canola used to make biofuel has pushed up crop prices dramatically. Canola futures are trading at $373 a tonne, up nearly 50% from a year ago, while corn is sitting close to a 10-year high."

Terra Grain Fuels, a Regina-based company is building a 150-million-litre, $140-million ethanol plant at Belle Plaine in Saskatchewan and is offering producers a guaranteed price for their grain for up to two years, cash advances of up to $75 per acres and the ability to deliver their grain year-round. AlgoDyne will be able to deliver their crops directly to Terra Grain Fuels.

Mr. Richard Ritter Von Raffay, President of AlgoDyne stated, "The boom in grain crops is taking hold in Saskatchewan. AlgoDyne has the opportunity to purchase a large land position to grow crops to supply ethanol demand and believes that Prairie agricultural land will continue to increase in value due to this demand."

About AlgoDyne Ethanol

AlgoDyne's proprietary mico-algae-based (phytoplankton) technology provides a powerful means to produce clean, renewable energy from the continual harvest of bio-mass from Photo-Bioreactors. The end result is the production of ethanol, methanol, biodiesel, electricity, coal and animal feed - all in a carbon dioxide neutral way.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release and AlgoDyne assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although AlgoDyne believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in AlgoDyne's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.