About Alchemy Enterprises Ltd. Alchemy Enterprises, Ltd (OTCBB: ACHM). is an alternative energy company that is developing a new electric power cell technology that it believes will generate and manage electricity to power a broad range of applications, from every day vehicles such as buses, trucks, trains and cars to alternative power supply stations to power homes. Working in a research and development partnership with NASA’s Jet Propulsion Laboratories, the patent-pending electric power cell technology is believed to be a clean, environmentally friendly, re-usable source for electric power and fuel. Energy Solutions Electric Vehicle system is made up of several elements. First is the electric power storage facility that stores the material for re-fueling purposes. Another system element is Electric Power Cell Technology that is a fuelable battery that can be refueled many times just like a fossil fuel car receiving gasoline. Refueling a vehicle using Alchemy's system is accomplished through a single hose assembly. This assembly incorporates intake capability for the removal of spent electric fuel, while at the same time filling the vehicle's electric fuel tank with new fuel. To the consumer this will be as simple as fueling their current car. The electric power and storage refueling station is supplied with an initial electric fuel load. As this fuel load is distributed, the waste loads are recovered and reprocessed into fuel ready material by electricity supplied from the power grid. The principal fuel supply for the refueling station is electrical power supplied from the electric power grid or other suitable source. Therefore to fuel your vehicle up will cost approximately half of the current cost of gasoline. Material losses are made up by occasional re-supply of the refueling station. Normal operation will result in the virtual elimination of materials re-supply. The only continuous and normal supply element is electrical power. Alchemy will create the operating systems and license those applications to hardware manufacturers. The technology can be scaled to suit a myriad of applications. Initial Application of the technology is being designed for implementation in the public transportation sector. The current North American bus market is approximately 5000 units with the worldwide market at four times that amount. Concurrent with the widespread use in buses and fleet delivery vans, the technology will be licensed for application in cars - by far the largest single market application of our technology. How Our Advanced Technology Works! Alchemy's unique patent pending Electric Power Cell is a self-contained system that produces on-demand electricity. The material that is spent can be recycled to achieve safe, clean, reusable power. The Electric Power Cell is also capable of powering a vehicle up to 500 miles before re-fueling. The performance of a power cell operated vehicle will beat the performance of the conventional gasoline powered vehicle. The cost of operating a vehicle with Alchemy’s Electric Power Cell will allow for the first all electric power system. The power cell is not plagued with the performance limitations associated with conventional battery technologies in use today. The cost of producing the material for the power cell is lower than the cost of gasoline fuel, and the over all cost can be amortized to even lower cost because the material is able to be re-used over and over again. The cell is also ideal for on-demand, emergency situations that require long-term electrical storage. It has a shelf life expectancy of approximately ten years, far exceeding any other energy storage system currently known. Company News Thirty Companies Representing Twenty Industries Set to Present at the RedChip Small-Cap Conference in Santa Monica, California, October 31 - November 1, 2006 -- PrimeZone Media Network (Fri, Sep 29) Alchemy Successfully Integrates its EPC with Fuel Cell and Creates Continuous 115v Power -- Business Wire (Wed, Aug 16) Demand for Environmentally Friendly and Cost Effective Alternative Fuel Sources Creates Need for Reliable Hydrogen Technology -- Market Wire (Thu, Aug 10) Leveraging Against High Oil Prices; Become Educated on Renewable and Green Technology -- Market Wire (Fri, Jul 28)

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Forward-Looking Statements
This news release may contain forward-looking statements, which involve risks and uncertainties. Accordingly, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statement. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company. These factors include the Company's success in its business and operations; the activities of new or existing competitors, the ability to attract and retain employees and strategic partners, the ability to leverage intangible assets, the ability to complete new projects at planned costs and on planned schedules and adoption of the Internet as a medium of commerce, communications and learning. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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