Neptune Industries, Inc.'s Algae Production System Featured in Bio Diesel Magazine

Neptune Industries, Inc. (OTCBB: NPDI), a next generation aquaculture technology company, headquartered in Boca Raton, said today its "Fish Farm to Fuel" technology is featured as the cover story in the recently released August 2008 edition of Bio Diesel Magazine. An online version of the article can be viewed at http://biodieselmagazine.com/article.jsp?article_id=2557.

Neptune is pioneering a new technology for commercializing the production of algae that uses the waste that is generated from fish farming as fertilizer.

The company received a Farm-to-Fuel grant from the State of Florida in January 2008, and has since developed two pilot scale floating production systems that are expandable, and suitable for any water-based environment. The company is currently working with a number of different algae species which could lead to production of more than 14,000 gals of bio diesel fuel per acre. Incorporating algae production into a fish farming system saves production costs of the algae, while allowing the independent operation of each system.

Mr. Sal Cherch, Neptune's Chief Operating Officer, said, "We believe that producing 'bio diesel' fuels from fish waste could make a meaningful contribution to solving the energy crisis, and we are delighted to see the company's work featured in a major industry journal. By using Neptune's patent pending Aqua-Sphere® technology as a platform, the production of algae, which is then refined into bio fuels, becomes an economically viable method of producing millions of gallons of fuel."

Bio Diesel Magazine stated, "Neptune Industries Inc. and its subsidiaries have come up with a way to solve a long-standing problem in aquaculture -- how to keep the fish excreta and uneaten food from becoming a pollution problem," says company Chief Executive Officer Ernest Papadoyianis. "The company's technology, called the Aqua-Sphere®, keeps this waste out of the environment and collects it so it can be used for other purposes. One of those purposes is algae production for bio diesel feedstock. Neptune Industry's algae system is uncomplicated and takes advantage of the Aqua-Sphere's® environment."

About Neptune Industries

Neptune Industries is a technology company which from inception has been committed to achieving sustainable, eco-friendly aquaculture by innovating and pioneering a "total and comprehensive integrated systems solution" approach to the mission critical challenges facing the Aquaculture Industry today. Dwindling supplies of wild caught stocks used for fishmeal, and the continued environmental damage, escapism, and disease caused by self-polluting net pen systems, have severely restricted Industry growth on a global basis.

Our mission is to utilize our expanding production operations base of all-natural, sustainable farm raised seafood products, as the working platform for the development of innovative, next-generation technologies to dissolve current industry bottlenecks. Further, our commitment is one of systems integration that targets "zero waste." Fish, organic produce, and waste-to-energy systems synergize to form a production model with multi-revenue streams.

Thus far, the Company has applied for patents and has made significant progress in the development of three technology platforms, one of which its calls "Ento-Protein"; the second of which it calls "Aqua-Sphere," and the third of which is known it calls its "Aquaponics." Taken together as components of a whole, this total integrated system solution approach addresses what the company believes to be THE three critical problems stymieing the growth of the Aquaculture industry which will invariably cause it to fall increasingly short of growing worldwide demand.

Aqua-Sphere(TM) is a state-of-the-art scalable, modular, floating closed containment system that is capable of concentrating and removing solid waste, eliminating predation and escapement, utilizing alternative energy for remote applications, and isolating crop from the environment.

Ento-Protein(TM) is a truly revolutionary development pioneered by Neptune to be a high quality, sustainable protein derived from insects which is intended to be a replacement for the rapidly depleting fishmeal made from wild caught feedstock species and is currently a $7 billion market.

Aquaponics is the existing practice of integrating fish and plant production through soil-less culture (hydroponics) using the waste effluent as fertilizer. Neptune has advanced the methodology through the use of the Aqua-Sphere(TM). The hydroponic system provides a revenue stream off of the waste component of the fish production through very high quality organic herbs and vegetables. In addition, as another part of the water treatment and Aquaponics system a derivative product of algae is grown in floating socks, which is the 30x more productive than corn on a per acre basis, for the production of bio diesel.

Finally to validate and test Neptune's solutions and technologies, the Company operates a sustainable fish farming facility in Florida City, Florida called Blue Heron Aquaculture, Inc. Blue Heron currently is one of the leading producers of hybrid striped bass, which it markets nationally and internationally as Everglades Striped Bass(TM). For further information, please visit the Company's website at: www.neptuneindustries.net

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information 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, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.