SOURCE: Global Resource Energy, Inc.

April 01, 2011 16:15 ET

Global Resource Energy, Inc Signs LOI With SMED Energy

LAS VEGAS, NV--(Marketwire - April 1, 2011) - Global Resource Energy, Inc  (PINKSHEETS: GBEN) announced today that it has entered into a letter of intent with SMED Energy Inc of Calgary, Alberta, subject to due diligence, and later agreement between GBEN and SMED pursuant to which GBEN shall acquire approximately 5MW worth of power from the Buffalo Hills project (estimated purchase price of $14,250,000 + tax) to be paid in cash or common stock of the company.

The Company is undertaking due diligence and expects to update on the signing of a definitive agreement in the event that one is signed in the next 30 days.

About SMED Energy Inc

SMED Energy Inc, established in late 2005, in Calgary Alberta is focused on becoming Canada's premier Alternative energy producer. With a strategic partner base, and the financing capabilities, SMED has an immediate advantage over any competition. It is SMED Energy Inc's, goal to research North Americas top alternative energy assets for the purpose of acquisition (could be through partnership), financing, and development.

About Global Resource Energy

Global Resource Energy Inc is a Clean Energy Solutions Company that seeks to deliver Clean Renewable Energy around the world, with an initial focus on North America. Our principal focus is to acquire evolving renewable technologies and to deliver reliable, clean energy that is harvested from local sustainable natural resources like Wind, Sun, Water and Earth.

Global Resource Energy is a clean energy company that will provide services and solutions to businesses, communities and individuals so we can all enjoy a cleaner environment today and for tomorrow.

Safe Harbor Act Notice:
Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

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