SOURCE: Global Earth Energy Inc.

January 10, 2011 08:00 ET

Global Earth Energy Forms Joint Venture With Lifecycle Investment

To Add $12 Million in Assets and Raise $250 Million in Asset-Backed Securities

WILMINGTON, NC--(Marketwire - January 10, 2011) - Global Earth Energy, Inc. (OTCBB: GLER) announced today it has entered into a joint venture (JV) agreement with Lifecycle Investment, LLC ("Lifecycle"). The JV is based on a life settlement portfolio of approximately $12 Million in assets that is currently owned and managed by Lifecycle. According to the JV, these assets are owned 60/40 by Lifecycle and GLER, respectively. The JV also includes a debt offering to raise $250 Million, which is already in the process of being raised. The capital is expected to be received within the next 120 days.

"Lifecycle will leverage their expertise to continue to manage the portfolio, while GLER will add marketing capabilities in order to raise capital for the Company and its future JV partners. Lifecyle has averaged approximately $1.5 Million in revenues annually from the creation of its asset-backed securities. This JV is expected to increase GLER's net income by $4.8 Million, or $0.05 per share, over the lifetime of the portfolio. We plan to create at least four additional JVs that can result in substantial revenue and earnings growth going forward," said Syd Harland, CEO of Global Earth Energy.

Lifecycle is currently in the process of selling its bond offering to raise $250 Million. The debt offering has a face value of $1 Billion. The funding will be split between the JV partners for further development of the GLER business model. The bond received approval and documentation in 2009 and is currently in the process of being funded via Qualified Institutional Buyers, including a major global bank. Further details of the joint venture will be available on the GLER website at www.globalearthenergy.com or call Chief Business Advisor Spiros Sinnis at 630-750-9095.

About Global Earth Energy, Inc.

Global Earth Energy, Inc. provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with green solution providers worldwide.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information 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, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Certain risks are detailed in the Company's Form 10-K and other periodic filings with the Securities Exchange Commission at www.sec.gov. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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