GreenShift and Corn LP Enter into License Agreement

GreenShift Corporation (OTC Bulletin Board: GERS) announced today its execution of a license agreement with Corn, LP for use of GreenShift’s patented corn oil extraction technologies at Corn, LP’s 50 million gallon ethanol plant in Goldfield, Iowa.

Under the terms of the agreement, Corn, LP will finance, build and operate a new corn oil extraction facility based on GreenShift’s patented corn oil extraction processes. In addition, GreenShift will provide Corn, LP with ongoing technical support with a view towards maximizing the performance and benefits of Corn, LP’s planned new corn oil extraction installation.

Brad Davis, General Manager of Corn, LP said that “We have set a number of new performance records at Corn, LP within the past year, with record levels of ethanol and DDGS production from our plant as well as improved operating efficiencies. We are confident that the addition of GreenShift’s patented corn oil extraction processes to our facility will help us build on our successes with additional improvements in efficiency and profitability.”

“We are excited to partner with Brad and his team and we are eager to get to work bringing the many positive benefits of corn oil extraction to Corn, LP," said David Winsness, Chief Technology Officer of GreenShift.

GreenShift’s technical services staff are available at 888-ETHANOIL or [e-mail] to respond to quotation requests and to answer any questions about GreenShift’s patented corn oil extraction and other technologies.

About GreenShift Corporation

GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies designed to address the financial and environmental needs of its clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions.

GreenShift’s mission is to build shareholder value by using its technologies to catalyze disruptive environmental gain. GreenShift believes that the first, best and most cost-effective way to achieve this is to develop technology-driven economic incentives that motivate large populations of people and companies to make incremental environmental contributions that are collectively very significant. With adoption by most of the U.S. ethanol industry, GreenShift’s commercially-available technologies can give way to disruptive gains by enabling sustainably increased production of globally-meaningful quantities of renewable fuels for distribution through existing supply chains.

GreenShift also maintains its strong commitment to continued innovation and has many additional patents pending for its Backend Fractionation™ portfolio of strategically-compatible cleantech designed to continue driving the corn ethanol industry into increased sustainability and global competitiveness.

Additional information on GreenShift and its technologies is available online at www.greenshift.com.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.