S&P Capital IQ Initiates Coverage on Wasabi Energy Ltd. in Standard & Poor's Factual Stock Reports

S&P Capital IQ announced today that it has commenced Standard & Poor's Factual Stock Report coverage on Wasabi Energy Ltd.

Wasabi Energy Limited (OTCQX: WSBLY), a renewable energy and clean technology company, engages in the generation of renewable power, supply of water, and production of biofuels from renewable resources. It holds intellectual property covering the Kalina Cycle energy conversion technology to convert low grade heat into electricity. Wasabi provides water technologies for preventing water storage losses through evaporation by servicing cities, towns, agri-business, and mining projects. In addition, it produces bio-diesel from non-food sources, such as tallow or oilseed.

The company has major investments in three key strategic assets which include Global Geothermal Limited, a subsidiary which owns the global patents and intellectual property for the Kalina Cycle power generation technology, Aqua Guardian Group Limited, a 79% Wasabi owned water technology company with a patented product for water conservation, and Australian Renewable Fuels Limited, an Australian Stock Exchange listed company with 17.33% Wasabi ownership, and which has Australia's largest capacity for biodiesel production.

Global Geothermal Limited (GGL) generates power from waste heat and geothermal sources without fuel. GGL provides alternative energy through its Kalina Cycle energy conversion technology. The Kalina Cycle can produce up to 50% more power from the same heat source compared to other existing technologies. GGL signed a license agreement with Siemens AG, which resulted in the construction of two power stations in Germany. The Unterhagen plant in Germany has a generating capacity of 3.4MW providing power to the town and fluid for the districts heating system. In addition, GGL owns the Husavikur plant in Iceland which utilizes geothermal heat to produce 2,000 kW of electricity for the local township.

On June 14, 2011, the company announced that Aqua Guardian Group (AGG), a 50% owned subsidiary of Wasabi Energy Ltd has agreed to purchase 10,000,000 New Ordinary Shares in Clean TeQ Holdings Limited at A$0.05 per new share, by way of a private placing. As a result of this purchase, AGG will hold approximately 18.9% of the enlarged issued share capital of Clean TeQ. In addition there are ongoing discussions with Clean TeQ that may result in further expansion of the relationship between it and AGG.

Standard & Poor's Factual Stock Report coverage on Wasabi Energy Ltd will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.wasabienergy.com for additional information.

About Standard & Poor's Factual Stock Reports

Currently profiling over 500 issuers, Standard & Poor's Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor's Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.

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