SOURCE: Global Energy Resources, Inc.

June 01, 2006 10:00 ET

Global Energy Announces May Results for Retail Loan Division

IRVINE, CA -- (MARKET WIRE) -- June 1, 2006 -- Global Energy Resources Inc. (PINKSHEETS: GERI), a Delaware Corporation, announced today a profit of $46,000 in its retail loan division for the month ending May 31, 2006. GERI's president, Chris Butchko, states, "We are looking forward to continued growth in our retail loan division."

GERI's Finance Division combines both wholesale and retail lending services for the commercial, residential, construction and timeshare industries utilizing a warehouse line of credit. GERI's wholesale mortgage business is an integral part of its Finance Division and is utilized by mortgage brokers and certain lending groups to finance their clients' mortgage lending needs.

About Global Energy Resources Inc.:

Global Energy Resources Inc. is a Delaware corporation with branch offices in Irvine, Calif., New York and Verona, Italy. Global Energy is expanding its business operations specifically in the areas of distribution, finance and energy.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

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