Recent studies by the United Nations University - Institute of Advanced Studies (UNU-IAS) demonstrate that bioprospecting is taking place in Antarctica and the Southern Ocean and that related commercial applications were being marketed. The bioprospectors’ interest in Antarctica stems from two reasons. First, the lack of knowledge surrounding Antarctic biota provides opportunities to discover novel organisms of potential use to biotechnology. Second, Antarctica’s environmental extremes, such as cold temperatures, extreme aridity and salinity present conditions in which biota have evolved unique characteristics for survival (UNU-IAS 2003). Thus bioprospecting opportunities include, inter alia, the discovery of novel bioactives in species found in cold and dry lithic habitat, novel pigments found in hyper-saline lakes and antifreezes in sea-lakes (Cheng & Cheng 1999).