Grainnet

Tonga Capital Corp. and Momentum Biofuels Announce Strategic Relationship With DAK Renewable Energy for New Plant Development Studies and Long Term Feedstock Acquisition Contracts

League City, TX--TONGA CAPITAL CORPORATION (OTCBB:TGPC) ("Tonga") and its wholly-owned subsidiary, MOMENTUM BIOFUELS, INC. ("Momentum"), a producer and marketer of biodiesel fuel, announced today a strategic relationship with DAK Renewable Energy (DAK) to assist in certain new plant development studies and long term feedstock acquisition contracts.

David Kolsrud, CEO and founder of DAK, said, “We are very excited about the strategic relationship with Momentum, its management team, strong production advantages and marketing options.

"We look forward to working together to grow the company and ensure its leadership position.”

Jackson L. Wilson, Tonga Board member and retired Accenture CEO of Business Process Outsourcing and Corporate Development Officer stated, “DAK’s involvement with Momentum provides us an opportunity to create strategic alliances with feedstock providers in the Midwest.

"That advantage will enhance our ability to identify new plant construction opportunities and allows us to geographically diversify our strategy.”

The Impact of this agreement

More than 80 percent of the production cost of biodiesel occurs in the procurement and transportation of feedstock.

DAK’s renewable energy industry influence and their relationships with feedstock producers will greatly enhance Momentum’s ability to competitively procure feedstock by tying the Company directly to feedstock producers.

In addition, Momentum will have an immediate presence in the Midwest marketplace where we intend to actively look for plant opportunities.

For more information, call Barry Cater at 281-334-5161, Jim Pyle at 281-334-5161 or Steve Devanney at 303-369-7128.