ITEM 8.01 OTHER EVENTS

Indonesian Government Allows PetroAlgae Protein as Animal Feed Ingredient

PetroAlgae Inc. (OTCBB: PALG) ("PetroAlgae") today announced that it has received official notice that the protein from PetroAlgae's proprietary micro-crop production technology has successfully passed testing by the Indonesian Ministry of Agriculture, and that the PetroAlgae protein is suitable for use as a raw material in animal feed in Indonesia.

Furthermore, the protein has been cleared for importation as a raw material to be used as an ingredient for animal feed. This protein is a co-product of PetroAlgae's core bio-crude (renewable fuel feedstock) production system. Licensees of the PetroAlgae production system will be expected to follow the Guidance and Procedures for the Registration of Animal Feed in Indonesia.

About PetroAlgae Inc.

PetroAlgae is a leading alternative energy company that licenses a commercial micro-crop technology system to produce clean fuel and food in an environmentally sustainable manner. Through a modular, flexible design construction, PetroAlgae enables a near-continuous growing and harvesting process of a wide variety of micro-crops suited to local climates, ensuring maximum growth rates. PetroAlgae's globally-scalable system produces high-value protein as well as a cost-effective alternative to fossil fuels, while absorbing carbon dioxide from greenhouse gas emissions. The Florida-based company expects to establish first-mover advantage in the biofuels industry and offers a path to sustainable and clean energy independence while promoting local job growth.

The information in this Form 8-K under Item 8.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific referencing in such filing.

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