MESA, AZ -- (MARKET WIRE) -- 06/06/2006 -- Alchemy Enterprises, Ltd. (OTCBB: ACHM) has enrolled in the Issuer Services program provided by Knobias, Inc. (OTCBB: KNBS), a provider of complete financial information solutions for institutional market participants, corporations and industry professionals.

Knobias, Inc.'s Issuer Services program provides supplemental investor and media outreach efforts through CEO Audio Interviews, Small Cap Clip Report Profile, Fundamental Data Report, News Monitoring Application, Knobias/EventX press distribution and the ability to have the IR portion of the company website kept Sarbanes-Oxley compliant. The company information can be found on the Knobias website at: https://www.knobias.com/front/issuers/index.htm?ticker=ACHM, along with the recent CEO audio interview of Jonathan R. Reed, CEO and President, and a transcript of that interview.

Alchemy Enterprises, Ltd. recently announced that it has entered into an Option Agreement to acquire certain patent and technology license rights from California Institute of Technology ("Cal Tech"). Cal Tech operates Jet Propulsion Laboratory ("JPL"), which is a federally funded research and development center sponsored by the National Aeronautics and Space Administration ("NASA"). In a license as agreed upon, Cal Tech will be issued 8% of Alchemy Common Stock, and will receive an annual fee.

NASA and Alchemy have been working jointly on a JPL Task Plan related to the development of its Mechanically Fed Metal-Air Fuel Cell technology -- the Alchemy Electric Power Cell, which when completed will ensure Alchemy. The license, technology, and patent rights relate to the licensing and commercialization of this power cell, which will ensure Alchemy exclusive worldwide rights to the current and all subsequent patent rights developed by NASA/JPL under the agreement.

Jonathan R. Read, President and CEO of Alchemy Enterprises, stated, "We are pleased to expand our relationship with the NASA, JPL, Cal Tech team and are very excited about their commitment to our technology and Company. This is a wonderful example of government and university resources meshing with commercial enterprises to hopefully create a technology that will benefit mankind."

The Company expects to complete the license share transaction within the next 30 days.

Access additional company information at: www.alchemy-energy.com

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