BOCA RATON, FL -- (Marketwire) -- 11/07/08 -- Neptune Industries, Inc. (OTCBB: NPDI) announced today that it has made advancements in its floating algae system design and is beginning to harvest trial batches of algae for testing oil content under its Grant from the State of Florida Farm to Fuel Program.

Since obtaining the grant in February 2008 to develop an integrated algae production system for bio-diesel feedstock, Neptune has made a number of successful advancements in the system design to promote better circulation and growth. Utilizing fish waste from an integrated fish/algae operation significantly reduces labor costs, eliminates fertilizer expenses, and helps to purify fish production effluent. The Company believes this creates a very promising model for commercial expansion. Neptune has been contacted by numerous bio-fuel processors who are interested in purchasing algae for feedstock in their facilities. Further, with the price of fertilizers sky rocketing, certain land-based algae producers are concerned that if fertilizer costs continue to rise, it may make algae production costs prohibitive for operations that are not integrated. Neptune has a natural solution to the problem since it captures solid waste during the production of fish in its aquaculture operations. This waste has proven very desirable, cost effective, and reliable not only for algae production but for use in production of hydroponic crops, organic fertilizer, and bio-gas.

About Neptune Industries

Based in Boca Raton, Florida, 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.

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.