Russell Industries Amends Capital Stock Changes

Russell Industries, Inc. (Pink Sheets:RIND) has amended the total number shares of all classes of stock which the Corporation is authorized to issue from thirty billion to two billion. The Corporation has also amended the par value of its common stock from .000001 to .0001. These amendments were effective December 29, 2010.

Russell Industries, a Nevada Corporation, is a development stage alternative and renewable energy company. The Company is the majority owner of 63 Unpatented Uranium Mining Claims in San Juan County, Utah. The Company is also pursuing development of a pilot scale commercial algae production facility through its wholly owned subsidiary, Algae Farm, LLC. The Company’s website is 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.