Perihelion Global Provides Corporate Updates

Perihelion Global, Inc. (PINKSHEETS: PRGL) today provided an update on the corporate restructure that was effective June 17, 2008 and other matters. The Company announced that due to the current market conditions and challenges caused by natural disasters affecting parts of the U.S., several shareholders have expressed that they will have difficulty exchanging their share certificates by the previously announced July 18, 2008 mandatory surrender deadline. To accommodate shareholders affected by events outside their control, Perihelion Global has extended the deadline for the mandatory exchange to August 18, 2008.

As stated in our National Press Release and subsequent mail notification to shareholders on June 16, 2008, along with the corporate restructure, the company was re-incorporated in the State of Nevada effective June 17, 2008.

IMPORTANT NOTICE: This is a mandatory share exchange and the certificate in your possession or shares held at your broker dealer must be exchanged within the extended 30-day time period no later than August 18, 2008. Shares that are not presented for exchange to the Company's Transfer Agent, Transfer Online by August 18, 2008 will be declared null and void.

All shares classes are required to be payable upon surrender to Transfer Online regardless of the class of stock. The Board of Directors believes the additional 30-day extension will allow all shareholders adequate opportunity to respond to this corporate action.

If you hold Perihelion Global shares in a brokerage account with a licensed broker dealer, then your broker dealer is responsible to surrender the shares to Transfer Online on your behalf by August 18, 2008. Please contact your broker dealer directly with any questions relating to your shares. Perihelion Global does not have access or control over your brokerage account.

A second letter regarding the June 17, 2008 corporate restructure is being mailed to all shareholders of record and broker dealers announcing the mandatory exchange deadline extension to August 18, 2008.

The Company also has announced that after further discussion, Clemson University and Planet Earth Engineering will not conduct a Joint Study Agreement for Jatropha of which Perihelion Global was to participate. Patrick LaRive, CEO of Planet Earth Engineering, stated, "After corporate discussions with Clemson University recently it was decided that a Joint Study Agreement is not necessary. The current Joint Study Agreement with Planet Earth Engineering and Perihelion Global executed in December 2007 will remain and will move forward in experimental cultivation and planting as the next step." Adds LaRive, "Planet Earth Engineering has seen enough data presented through research mycology to confirm that our cultivation in the South will be very successful. Planet Earth Engineering, with the assistance of Perihelion, is open to discussions with organizations and farmers who share a mutual interest in seeing the planting of Jatropha in the Deep South and lower gulf regions for use in the bio fuel industry."

The Company will provide additional updates as warranted.

About Perihelion Global:

Perihelion Global focuses on the acquisition, development of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets.

Website: http://www.perihelionglobal.com