Russell Industries, Inc. (Pink Sheets: RIND) announced today that its biofuels project is continuing on schedule. The first milestone calls for an operational pilot model to be completed by January 31, 2010. “The prototype reactor is being used to run numerous functionality tests. On-going algae culture experiments are also being performed in concert with the engineering systems checks. Near term plans include statistical evaluation of cultures and photo-microscopic documentation of various trial runs,” said Dr. William Wilder, President of Axis Environmental Services, Inc. and scientific consultant to RIND. The Company will also be updating its website this month.

About Russell Industries

Russell Industries is a developing alternative and renewable energy company. The Company is the majority owner of 255 unpatented Uranium mining claims in San Juan County in Southern Utah. The Company is also pursuing development of a commercial scale algae production facility through its wholly owned subsidiary, Algae Farm, LLC. The Company’s consolidated website will now be www.russind.com, the contents of which are not incorporated by reference herein.

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.