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Algae-To-Oil Pioneer OriginOil Appoints Adam Meislik To Company Board Of Directors

- New Director Brings Extensive Experience in Private and Public Capital Markets -

Los Angeles, CA – March 25, 2009 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced the appointment of Adam Meislik to the company’s Board of Directors, effective immediately.

“Adam possesses a unique background in energy and technology capital markets, and has the strategy and execution skills necessary to help bring OriginOil to the next level,” said Riggs Eckelberry, the company’s CEO. “We are honored that he has joined our board and are optimistic about what lies ahead.”
“Having been involved in both the energy and technology sectors for two decades, it was clear to me that OriginOil holds immense potential, especially given just how much progress it has made in only a few short months,” commented Meislik. “The company’s breakthrough technology, coupled with the unmistakable energy of its team, makes me very enthusiastic about working with OriginOil, and I am looking forward to helping the organization become a global force within the new algae industry.”
Meislik is the founder of Irvine, California-based Onionomics LLC, a consulting firm that specializes in providing companies and stakeholders with crucial management and leadership expertise by evaluating advantage, assessing competitive environments and identifying industry trends and how they relate to capital formation and liquidity.

With a long history of advisory and private and public capital markets transactions, Meislik has successfully structured and closed over 100 equity and debt transactions, mergers, acquisitions and restructurings with an aggregate value of over $10 billion. In his ten-year history with CIBC World Markets, a full-service investment bank, Meislik developed and managed hundreds of relationships with high-growth companies and sponsors in technology and energy sectors.

Meislik presently serves on the Board of Directors of Lateral Data, a leading provider of software and services supporting e-discovery, and is a member of numerous professional organizations, including the Turnaround Management Association, Association for Corporate Growth and the Forum for Corporate Directors. He graduated from Tulane University with a Bachelor of Science in Management and currently resides in Irvine, California with his wife and two children.

Safe Harbor Statement:

Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

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