SOURCE: Global Earth Energy Inc.

February 22, 2011 08:15 ET

Global Earth Energy Inc. Restructures Coal Deal With Wins International

Wins Rewrites MOU Directly to GLER; Valued to Add $500 Million in Revenues Over the Next 5 Years; Global Earth Energy Inc. Enters Into Coal Mining Joint Venture Worth Approximately $500 Million Over the Next 5 Years

WILMINGTON, NC--(Marketwire - February 22, 2011) - Global Earth Energy, Inc. (OTCBB: GLER) announced today the restructuring of a coal transaction with GFC 2005 LLC. The new Memorandum of Understanding (MOU) as written will not involve GFC 2005 LLC. Under the new terms of the MOU, GLER will work directly with Wins International Ltd. ("Wins"). Wins will continue to act as the financing arm and approved vendor for one of the top coal buyers in the world.

GLER retains the right to sell coal to Wins directly. GLER is also free to negotiate with any coal provider whose products match the buyer's requirements. Delivery of coal is expected to begin in the second quarter of 2011.

Syd Harland, CEO of GLER said, "We are already in negotiations with several groups including, but not limited to, the same property we have already identified. We are negotiating a more favorable profit split for GLER that can lead to more revenue and bottom line profits. It appears there is a title question on the Algoma property that needs to be cleared before any appropriate transaction with this group can take place. This has given GLER the flexibility to negotiate a much stronger position in this transaction."

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.

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