CFO Allain Barriere is Invited by his Excellency Mr. Robert W. Peck Ambassador to June 1st International Business Symposium in Alger HOUSTON, May 30 /PRNewswire-FirstCall/ -- Coastal Holdings, Inc. (PINKSHEETS: COHG - News) today announced its plans to distribute, on a significant scale, the Company's "Canadian Indian Spring Water" in Algeria and eventually extend the product's reach across Africa. In order to launch this initiative, CFO Mr. Allain Barriere is departing today for the City of Alger with a Canadian Business Delegation. Mr. Barriere will participate in the 40th annual business symposium in Alger. Prior to his arrival several business meetings have been set up with distributors and retail organizations, as well as with official government agencies. Coastal's new management team has identified a highly lucrative opportunity and devised an action plan to establish a distribution network for Canadian Indian bottled water in Algeria. This decision was based primarily on the imminent need for fresh water in Algeria and secondly on the principals' knowledge of the French language, which will facilitate business discussions with the local parties. Mr. Barriere stated: "I am honored to be part of this mission under Coastal's new banner 'CANADIAN BLUE GOLD Inc.' and to enter this niche market with such a great product as Canadian Indian Spring Water. With the full collaboration and support of WBDB' s staff and assistance of Canadian Indian's team, we have been able in a very short time frame to produce samples and marketing material, for which I want to thank everyone. It is very exiting to be part of such a professional group, and I will keep the group informed while I am in Alger." Forward-Looking Statements Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission. DATASOURCE: Coastal Holdings, Inc CONTACT: Mr. Allain Barriere, (514) 977-1271

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