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OriginOil to Speak at the Latino Caucus Foundation Economic Development Forum

- CEO Riggs Eckelberry is the Featured Presenter On Economic Building Blocks Panel at EconDev

Los Angeles, CA – October 30, 2008 – OriginOil, Inc. (OTCBB: OOIL ), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced that OriginOil CEO, Riggs Eckelberry, will represent OriginOil at EconDev, the Latino Caucus Foundation Economic Development Forum, to be held on November 6 and 7 in San Francisco.

Mr. Eckelberry will serve on the first panel of the Forum, entitled “Economic Building Blocks: Water, Transportation, Energy”. The panel is scheduled for 8:30-9:45 AM, Friday morning, November 7 and Mr. Eckelberry’s focus will be oil and energy – seen through futurist eyes.

CEO Riggs Eckelberry commented, “I’m honored and keenly looking forward to serving on this panel. The Latino Caucus is at the forefront of efforts to reorient the California economy toward industries and technologies of the future. I expect to take back plenty of guidance on OriginOil’s road to market.”

The theme of the forum is “Turning Crisis into Opportunity: Reinvigorating California’s Economic Climate”. The Latino Legislative Caucus Foundation states, “In this summit we will bring together Members of the Legislature and key economic development leaders from around the state to engage in serious dialogue and come away with significant public policy initiatives for our state and its people.” Attendees will include members of the California Legislature, legislative staff, representatives of California administrative departments, leaders of the business community, academics, elected officials, and interested public.

Assemblymember Joe Coto chairs the California State Latino Legislative Caucus. The vice chairman is Senator Gil Cedillo. Caucus members include Senators Ron S. Calderon, Lou Correa, Denise Moreno Ducheny, Dean Florez, Gloria Negrete McLeod, Jenny Oropeza, Alex Padilla and Gloria Romero; and Assemblymembers Juan Arambula, Anna Caballero, Charles, Calderson, Hector De La Torre, Kevin De León, Felipe Fuentes, Ed Hernandez, Tony Mendoza, Pedro Nava, Fabian Núñez, Nicole Parra, Mary Salas, Lori Saldaña, Jose Solorio, Nell Soto and Alberto Torrico.

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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