Algae International Group, Inc. Executes Corporate Actions to Change Name and Ticker Symbol in Conjunction with NVAE Share Exchange

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AIGI completes final step in becoming a public company

The intent of the AIGI merger with NVAE is to support AIGI’s plans to pursue the nascent BioFuel market anticipated to reach $60 billion within the next ten years according to the Advanced BioFuel Market Report of 2012.

Algae International Group, Inc. ("AIGI") http://www.algaeplanet.com today announced the execution of several corporate actions in conjunction with the previously announced Merger Agreement with Savanna East Africa Inc. (OTC: NVAE). Under the terms of the Merger Agreement AIGI stock will be exchanged for NVAE stock and NVAE name will be changed to Algae International Group, Inc. The Corporate name change and a corresponding ticker symbol change request are anticipated to be reflected within the OTC Markets quotation system within thirty days.

The intent of the AIGI merger with NVAE is to support AIGI’s plans to pursue the nascent BioFuel market anticipated to reach $60 billion within the next ten years according to the Advanced BioFuel Market Report of 2012.

http://www.e2.org/ext/doc/E2AdvancedBiofuelMarketReport2012.pdf

AIGI is currently in active negotiations with numerous institutional investors to structure the financing of AIGI’s initial commercial production capacity. The anticipated investment of $5M is expected to include debt and equity components. To facilitate both the issuance of new shares in exchange for the AIGI shares and to accommodate the anticipated new investment to fund production capacity, the Company will also be executing a Reverse Stock Split.

Merger terms facilitated a management transition with outgoing management responsible for bringing NVAE into compliance with the OTC Markets Standard For 'Current Information' Filers. The OTC Markets elevated NVAE to 'Current Information' on February 28, 2013.

The new incoming Board of Directors will be led by Christopher Payne as Chairman as well as John E. Potter as President and Industry Expert John Valencia as Director. The company plans to add a number of highly specialized and skilled experts within the Algae Industry as well as complete a number of pending acquisition and joint venture agreements.

Regus Advisors Inc. (http://www.regusadvisors.com) was the corporate advisors to AIGI and consulted on the strategic business plan and merger structure.

About Algae International Group Inc.
Algae International Group Inc. (AIGI) is a development stage renewable energy company that is seeking to develop Biofuel from Algae utilizing a Trademark process of "InSym" that combines; methane, CO2, fuel cells, nitrates, phosphates, sunlight and a specialized press to remove biomass and create HRD and HRJ fuel. For more info visit http://www.algaeplanet.com

About Regus Advisors Inc:
Regus Advisors is a private global merchant banking firm that provides strategic and financial advisory services to private and public companies to include; structure, documentation, financing and exit strategies as well as listing on domestic or foreign exchanges. Regus Advisors is not a FINRA/FSA licensed broker/dealer and does not buy/sell securities. For more info: http://www.regusadvisors.com

Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. NVAE does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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