PLKT Solar Gold Ltd (CE)

The board of directors of Planktos Corp. (the �Company�) (Pink Sheets:PLKT) today announced its intention to focus on new business opportunities in light of recent developments connected to carbon sequestration that make further present efforts in this arena too speculative. Despite having spent the past three years in the research and development of land and ocean methodologies designed to sequester CO2, a variety of reasons, including international condemnation of carbon sequestration in the world�s oceans has forced the Company to suspend operations in order to seek out an alternative near term business opportunity. The transaction of an alternative business opportunity will cause management to restructure the Company. A corporate restructure will include a name change, a consolidation of issued and outstanding common stock and an acquisition, all of which measures are subject to shareholder approval. The Company is further in the process of renewed financing efforts to provide sufficient working capital to ensure that it is an attractive candidate. Planktos is a public company; its common shares trade on the Pink Sheets LLC. under the ticker symbol �PKLT�. Forward Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A(b). These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, uncertainties related to the development of a suitable business plan, and the ability to secure additional sources of financing. The actual results that the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. The Company encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. The Company�s public filings may be viewed at www.sec.gov.