PLKT Planktos, Inc. News Alert

Ocean Scientists Agree On Necessity For Ocean Eco-Restoration via Iron Fertilization of Dwindling Plankton Blooms
Thursday October 4, 3:39 pm ET

SAN FRANCISCO--(BUSINESS WIRE)--Planktos Corp. (OCTBB:PLKT) is announcing on Thursday Oct. 4, 2007, that scientists met at Woods Hole Oceanographic Institute (WHOI) and agree ocean iron fertilization projects should proceed to define the role of ocean plankton eco-restoration as an effective tool to slow climate change. Scientists from around the world met last week at Wood's Hole Oceanographic Institute to discuss, at times debate, and to finally decide that more ocean iron fertilization projects ought to move ahead. Meeting participants acknowledged fossil fuel derived CO2 is resulting in severe impacts on the ocean ecosystem and that iron fertilization offers a path to potentially mitigate and rehabilitate some of that damage. These observations validate the urgent need to proceed as soon as possible with more and larger experiments or pilot projects. Only through this effort and the facts produced will it become clear on just effective and efficacious this will be.

One leading scientist Dr. Victor Smetecek of the German Alfred Wegner Institute (AWI) stated in response to some few comments seemingly intent on demeaning or dismissing the utility of plankton blooms at sinking carbon stated, "In our experiment (the largest most intensively studied to date) we observed that the iron to carbon ratio was 1:50,000 and that 50% of that carbon (as sinking plankton remains) reached 1000 meters within 3 weeks of the iron addition." Planktos founder Russ George notes, "This is scientific results we've been waiting for AWI to release in public. It confirms that iron micronutrients used to restore plankton blooms create large healthy blooms analogous to natural blooms which rapidly fix CO2 from the surface ocean and sink a major portion as biomass carbon into the deep ocean where it is safely sequestered for centuries or even millennia. Indeed this AWI report is far more optimistic than the ocean models we have used in our science and business plans. This is great news for the planet, and an affirmation of our now clearly conservative business plans. We may actually be able to rapidly reverse the catastrophic decline of ocean ecosystems brought on by fossil fuel CO2."

In the final stage of the meeting scientists agreed that at least five larger and longer term iron micronutrient bloom experiments should be supported and undertaken. The scale of such blooms as stated should be at least 10 times larger than the largest blooms conducted to date. These will still qualify as small blooms by comparison with the massive natural plankton blooms that are dwindling globally. Russ George, President of Planktos reports, "This is precisely the scale and careful scientifically designed character of the first of 6 pilot project blooms that our company has worked years to plan and which will begin in a matter of weeks. One shocking element in this field of science and emergency ecorestoration effort on behalf of the planet is the aggressive efforts by radical environmental organizations who are working to misinform the media, public, and government agencies that work in this field is proceeding without proper regulatory and scientific oversight and management that ought to be prohibited. Their case is proven false by the rigorous international, national, and market regulatory processes initiated by the Kyoto Accord and related policies and laws that require scientifically transparent verification and certification via approved methodologies for all carbon offset projects before they can move such carbon offsets into the highly regulated climate change markets."

Private companies and organizations from the USA, Europe, and China with business plans to engage in this field of ocean stewardship and climate change mitigation were invited to attend the WHOI meeting. Amongst those companies were Planktos, Climos, Green Sea Ventures, a group from Los Alamos National Laboratory and New Mexico Tech, and the MacDiarmid Institute of China and New Zealand. Announced via open discussion were the plans of the governments of India and Germany to send the EU's largest ocean research ship Polarstern to begin iron fertilization ecorestoration in January 2009, and the US Research ship R/V Melville out of the West Coast is expected to be at sea with one of these company's support in 2008. The Planktos research ship Weatherbird is just now completing her fitting out with scientific gear and is scheduled to sail shortly. The worlds largest research ship the Chinese Xue Long was reported to be planning to join the ocean restoration fleet. According to recent press releases from the team at Los Alamos National Laboratory and New Mexico Tech they plan to send a fleet of as many as 30 research vessels to the Southern Ocean.

Planktos Corp. is a public company (stock symbol PLKT.OB) engaged in the development of global eco-restoration projects to revive dwindling forests and ocean plankton ecosystems. The company intends to harness the power of green plants and photosynthesis to remove CO2 from the atmosphere. Its planned climate forests in the European National Parks and ocean plankton restoration blooms are intended to produce carbon offsets for sale into both regulated and voluntary climate change markets in the EU and around the world. Learn more about the work of KlimaFa and Planktos by visiting their web sites at www.klimafa.eu and www.planktos.com.

A number of statements herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933. Safe-harbor provisions may be inapplicable to these statements due to exclusions under Section 27A(b). These forward-looking statements involve risks and uncertainties, including the sufficiency of existing capital resources, uncertainties related to the development of Planktos/KlimaFa business plan, and the ability to secure additional sources of financing. The actual results achieved could differ materially from any forward-looking statements due to such risks and uncertainties. Planktos encourages the public to read the information provided here in conjunction with their filings on Form 10-KSB and Form 10-QSB. Public filings may be viewed at www.sec.gov.

For more information, please see the Planktos and KlimaFa websites at www.planktos.com and www.klimafa.com.

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