SOURCE: Global Earth Energy, Inc.

January 06, 2011 08:00 ET

Global Earth Energy Issues Independent Study on Potential $220 Million Revenue-Generating Green Project

WILMINGTON, NC--(Marketwire - January 6, 2011) - Global Earth Energy, Inc. (OTCBB: GLER) issued today an independent study ("white paper") that discusses the benefits of its first carbon offset project proposed under a joint venture with Reflora de Brazil. The white paper is the first in a series that will be made available to the public at the Company's website www.globalearthenergy.com. The white paper provides a detailed analysis of the various uses of the first property under the joint venture, along with possible partners, which include Fortune 500 / 100 companies.

Syd Harland, CEO of Global Earth Energy, said, "We are pleased with the scope and magnitude of our first project under our newly formed joint venture partnership with Reflora. Our companies are poised to participate in a life-changing, eco-friendly project that carries substantial revenue potential from the sale of carbon offsets, bio-diversity credits and REED credits. The gross revenue potential for the first parcel of property, according to the white paper, is over $220,000,000. We also have a second project in the works, and look forward to providing details on this project in a separate study."

Reflora de Brazil has the sole power to manage and control over 303,000 hectares (approximately 741,000 acres) of property in northern Brazil. These properties, along with the larger Amazon rainforest and surrounding areas, comprise one of the largest strongholds guarding against the ever increasing negative impact of greenhouse gas emissions. Through the United Nations and the Kyoto Protocol, a whole new industry in eco-system credits has been created and is rapidly expanding in an effort to off-set, neutralize, and reduce the negative impact of greenhouse gas emissions from industrialized and developing nations.

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.

Contact Information