SOURCE: Green Oasis Environmental Inc.

January 19, 2010 09:40 ET

Green Oasis Environmental Inc Announces Letter of Intent to Purchase Two Salt Water Disposal Facilities in Montana

EDMONTON, AB--(Marketwire - January 19, 2010) - Green Oasis Environmental Inc. (PINKSHEETS: GRNO), a Florida corporation which provides environmental remediation solutions to the billion dollar North American market for the cleaning and potential reuse of contaminated solids from slop oil and separating oil from waste water, announced today that Custom Carbon Processing Inc., (CCP); one of its subsidiaries, has signed a Letter of Intent with a Montana based Company to purchase two Salt Water Disposal facilities (SWD's) located in the State of Montana. These SWD's are a natural fit to CCP's oil processing operations.

The acquisition will not only provide revenue from disposal fees when water is disposed at these locations, but also an infrastructure in the State of Montana in which to set up oil collection depots. CCP's mobile oil processing unit will travel to these sites on a regular basis or as needed and will process the collected oil and sell it to Shell Trading.

The two salt water disposal facilities are located in the Wibeaux and Sidney area's of Montana. Once CCP (a wholly owned subsidiary of Green Oasis Environmental, Inc.) has completed this acquisition, Green Oasis will provide more information on the forecast potential expected from these operations as well as the benefits that this acquisition will have on CCP and Green Oasis. CCP has been diligently working for approximately six months on this acquisition and is expected to close the acquisition within 10 days.

About Green Oasis Environmental Inc.

Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring and providing access to world class technologies available today and has chosen to focus its efforts on seeking acquisitions of technology and/or operations concerning the remediation of slop oil, waste engine oil, and tank bottom oils. GRNO has every intention of becoming the single best option for reclaiming oil to pipeline specification from these waste products. Through the Company's state of the art technology, GRNO will be able to process these waste products at one of their facilities or at a customer's site by way of implementing its portable processing technology.

About Custom Carbon Processing Inc.

Custom Carbon Processing Inc. "CCP" is a Wyoming based Company formed in 2006 that has been operating in the Gillette, Wyoming area since its inception. Through the technology that "CCP" has developed, CCP is able to process slop oil (an unrefined, non saleable oil) into pipeline standard crude. Its current facility has the capabilities of processing up to 1,500 barrels of slop oil with a conversion ratio of approximately 50% to finished crude. Through its ongoing contract, "CCP" sells the processed slop oil to Shell Trading (US) Company (www.shell.us). Shell Trading (US) Company is a corporation that acts as the single market interface for Royal Dutch Shell companies and affiliates in the United States with offices in Houston, TX (headquarters); Dallas, TX; Denver, CO; Midland, TX; and San Antonio, TX; and has an affiliated Shell Trading company in Calgary, Alberta. Shell Trading buys and sells more than five million barrels per day of hydrocarbons, is one of the largest physical traders of hydrocarbons in the United States and one of the world's largest energy trading companies.

In addition to its Wyoming facility, "CCP" is currently planning expansion of its processing technology into Montana and North Dakota, home of the Bakken (www.bakkenblog.com) and Three Forks plays, said to be two of the largest oil plays in North America.

For more information on Green Oasis Environmental, Inc. or Custom Carbon Processing Inc., please visit www.greenoasisenvironmental.com or contact Investor Relations at (877) 207-3370.

Safe Harbor

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.

Contact Information