SOURCE: Green Energy Resources

January 24, 2007 09:46 ET

Woodchips for Energy, Ethanol and Clean Coal; Green Energy Resources "The Company That Can" Meet the "Biorefinery Initiative" and Develop Waste Wood Strategy

NEW YORK, NY -- (MARKET WIRE) -- January 24, 2007 -- Green Energy Resources (PINKSHEETS: GRGR) Bush's State of the Union Address launched the "Biorefinery Initiative" to develop energy from woodchips with $150 million dollars in 2007, a $59 million dollar increase over the 2006 budget. The plan calls for cellulostic ethanol (ethanol from wood) to be competitive by 2012. Green Energy Resources is and has been positioning to capture a large market share in the United States for over two years. Green Energy Resources has developed the UTCS software system designed to track, inventory and environmentally certify the largest volumes of waste wood in America. The software makes available to industry millions of tons of wood without ever cutting a tree. The UTCS Software allows power plants to be constructed or converted closer to low cost, cheap and reliable supplies using waste wood sources. The revolutionary design is available in the market place currently at www.utcs.com. Green Energy Resources has already signed a contract to supply an ethanol plant in the Mid-Atlantic states beginning in 2008.

Green Energy Resources with its partners is establishing the first biorefinery terminal in the United States. The plant should be operational within the next 90 days. The terminal is located in the Gulf of Mexico centered in the heart of the US energy industry.

Woodchips and wood fiber can be used as an interim step in Bush's Clean Coal Technology at virtually no cost. Co-firing is the environmentally friendly process of mixing wood fiber with coal to reduce green house gases and carbon emissions. Green Energy Resources has been working to develop 'ECO-GREEN COAL.' Eco-green coal is wood biomass adhered directly to coal to make co-firing transportable in ships and trains.

About Green Energy

Green Energy Resources is global supplier of wood biomass and wood fiber to the power utility industry. It is the only US supplier to utilize the UTCS Environmental certification system and is 100% Kyoto compliant. Green Energy Resources obtains its supplies from waste wood sources, such as landfills and hurricane storm damage. Biomass is the only renewable energy that can be stored with reserves. The company has contract sales for 2007 in excess of $40 million dollars. GER was the first company to export wood fiber fuels for renewable energy from the United States, beginning in 2003.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.

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