Green Dolphin Announces Change of Business Direction and the Acquisition of Mining Rights


LAS VEGAS, Dec. 7, 2006 (PRIME NEWSWIRE) -- Green Dolphin Systems Corp. (Pink Sheets:GDPS) has acquired the mining rights of two prominent properties in West Africa. The company is very pleased to acquire these two gold concessions representing the Siguiri property consisting of 50 sq.km and the Dinguiraye property also consisting of 50 sq.km in the country of Guinea. The acquisition of the Siguiri gold concession serves as a platform to engage in an under-explored area that has proven geology and production by other adjacent world class mining companies. Although located in a lesser known region, the Dinguiraye concession has undertaken enough exploration study to indicate strong gold reserve potential.

Green Dolphin will now focus on building a successful mineral exploration company through geological experience and efficient management while conducting extensive research and development of high quality mineral exploration products. Green Dolphin will continue to expand its mining portfolio by seeking other projects and joint venture opportunities.

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased", "plan", "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbour created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.


            

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